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FYI: So much rests on technology

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FYI: So much rests on technology

And that’s the topic for this issue—Technology, with a capital “T”—since much of the research conducted and archived by ALM Research in the last few months has to do with Technology:  

For more details, read on -
Margaret Daisley
NewsLine Editor

The LTMAS Test:
Lawyers Rate Their Technologies
Although the largest U.S. law firms have average annual technology operating budgets of over $11 million—almost $33,000 per lawyer—according to the latest AmLaw Tech Survey of Am Law 200 law firms, market penetration by most legal software products is still surprisingly moderate. Simply put, many lawyers are still without the technologies they need to do their jobs well. That was one of the most, well, shocking findings in the recently-published Legal Technology Market Assessment Study, conducted by Cogent Research and published by ALM Research.
 More

12th Annual AmLaw Tech Survey: Law Firm IT Spending Grew by 16% Last Year
In the early days of the AmLaw Tech Survey, one of the big questions was: will Word or Word Perfect win out in the law firm market?  (And in the mid-1990s, some law firms were using a few other now-archaic word processing programs as well.) Well, we all know now who won that war.
 More

Associates Technology Survey:
Thompson Coburn on Top
… and Boies, Schiller is on the bottom of these rankings of 164 firms. Every year, as part of the Midlevel Associates Survey conducted by The American Lawyer magazine, associates (third-, fourth-, and fifth-years) are asked to rate their firm’s technology on the basis of several factors—their firm’s overall technology, the training and support they receive, and how well the firm uses its technology on behalf of its clients. The scores for these ratings are averaged for an overall score for each firm, and firms are then ranked based on their technology score.
 More

6th Annual Law Firm Librarians Survey:
Online Research a Crucial, but Increasingly Pricey, Tool
The Law Firm Librarian Survey has more to do with budgets and compensation, staffing, resources, print-to-electronic trends, and diminishing shelf space than it has to do with technology. However, the section of the survey about online research services and publishers makes an interesting comparison with what the LTMAS survey has to say on the same subject.
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In-House Tech Survey:
GCs Want Tech-Savvy Outside Counsel
This year’s In-House Tech Survey report was published last spring, but the information is just as relevant now as we head into the last quarter of the year. According to the Corporate Counsel article accompanying the survey report, when one Fortune company slashed its roster of outside counsel from about 400 to 23 law firms in 2005, it quizzed the firms about their tech offerings and capabilities.
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Quick Links

The Legal Technology Market Assessment Study, (the “LTMAS test”) provides a market overview of the most popular tools used by nearly 1,400 lawyers in law firms and legal departments, and how those lawyers rate them. Available through ALM Research Publishing.

The 2007 AmLaw Tech Survey surveys CIOs and IT directors at Am Law 200 firms about basics, budgets, and new trends.

In the 2007 Associates Technology Survey, midlevel associates rate their firms’ technology, training, and more.

The 2007 Law Firm Librarians Survey has been following the trends in law firm libraries over the last six years, including the shift from print to electronic resources, and the spending on those resources and librarians’ assessments of their relative worth.

The 2007 In-House Technology Survey provides details on the hardware, software, and technology spending for 85 Fortune 500 companies.

All survey reports listed above, are available through the ALM Research Store. Historical data is available only to Premium level subscribers to the ALM Research Online database.