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Thoughts on cost differentials based on average hourly rates for litigation...
The 2012 Real Rate Report, produced by TyMetrix and the Corporate Executive Board, includes some data on 2011 litigation rates. As explained in the ABA Journal, July 2012 at 33, the average hourly rate...
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A prediction if there come to be many virtual law firms that offer all their...
The Wenham Law Group pays its network of experienced lawyers between $75 and $100 an hour, but bills clients a flat $150 an hour – for everything. As described in New England In-House, July 2012 at 5,...
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Join Release 3.0 going out this week – 811 participants in the General...
You and you law department will benefit from taking part in the 2012 General Counsel Metrics benchmark survey. We are on our way to over 1,000 participating law departments, which gives tremendous...
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Data on penetration of specialized software into US legal departments
Thomson Reuters recently surveyed more than 500 legal departments and spoke directly to over 100 legal department leaders and attorneys. Not surprisingly, given the T-R suite of legal software...
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Beyond predicting compensation with linear regression: find out the accuracy...
Other posts on this blog have reviewed the basic notions of linear regression, using correlations between total compensation and various factors that determine it. The calculation of a regression also...
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Speculation that comp data of close to 2,000 U.S. GC’s a year are disclosed...
Some publications regularly trawl the annual reports of U.S. publicly traded companies and assemble those that include the general counsel in the five most highly paid executives. The articles they...
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Some findings regarding equity awards granted in-house lawyers
The compensation data currently in the General Counsel Metrics study includes almost 1,000 in-house lawyers, of which 404 reported the value of the equity award they received for 2011 (either zero or...
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Finding of approximately one-third for GC compensation of salary, bonus, and...
An article in the Stanford Closer Look Series (at 2) addresses how government-appointed monitors should be paid. It cites research by Equilar on the compensation of the top lawyers within large U.S....
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Does data of participation in a benchmark survey reflect significantly...
An open question has been whether the time of participation in a benchmark metrics survey correlates to statistically different samples. Put differently, do law departments that submit data early in...
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You can’t take medians and add, subtract, or divide them
You have a report that gives for each industry the median number of litigation cases per law department in the industry. Let’s say 45 cases. A later table in the report gives medians for subsets of...
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Just shy of 1,000 law departments in Release 4.0 of GC Metrics’ benchmark study
Some 970 law departments had participated in the General Counsel Metrics global benchmark survey when Release 4.0 went out on Dec. 12th. The 65-page report is absolutely free to participating...
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YouTube video on total legal spending as a percentage of revenue
Inspired by my 10-year old son, I created my first YouTube video. You can sit back and revel in 3 minutes and 34 seconds of unadulterated viewing pleasure at the following link:...
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Online recording (YouTube) about “lawyers per billion of revenue” as a...
Having made my way through one recording, I plunged in with another. This one I improved in several ways. http://www.youtube.com/watch?v=PwqLeN1QLNI&feature=youtube_gdata_player Given my...
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A correlation between the size of city where a law department has much of its...
The Economist, Oct. 13, 2012 at 90, explains how the greater concentration of America’s largest metropolitan areas compared to those in the euro area confers big advantages. Essentially, ideas appear...
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Details to obtain free (or low cost) compensation report for law department...
During 2012, General Counsel Metrics collected compensation data for 65 law department administrators. The report shows medians and quartiles for base salary, bonus, and total compensation as of Dec....
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Final Release of 2012 had 1,001 participants; why don’t you take the 2013...
This wasn’t Scheherazade, but General Counsel Metrics ended the year with more than one thousand law departments! I stopped at that point and prepared Release 5.0, which went to all participants on...
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$800 an hour rates and a shift noted toward larger and larger law firms
Aric Press writes in the Jan. 2013 American Lawyer at 134 about an analysis he did of law firm billing data from 37 substantial companies. CT TyMetrix provided the data and Aric explored various...
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Free Webinar: Insights from the 2012 General Counsel Metrics Benchmark Survey...
With permission, I reproduce below a post from Lynn Galbenski of Lumen Legal: On February 12 from 1:00-2:00 p.m. EST, Lumen Legal will be hosting our first webinar of the year. It’s part of our 2013...
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The dearth of Japanese participants in the GC Metrics benchmark survey may...
During the four years that I have run the General Counsel Metrics benchmark survey, only four companies headquartered in Japan have participated. On the other side of the Pacific, 19 subsidiaries of...
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Graphics to explain data need to be both effective and attractive:...
A recent article made two points regarding the graphical presentation of information. The points derive from a study that presented four kinds of graphics and asked a group of doctors to rate a pair...
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