How many fee-based information services do you have, and are they all worth the cost? Legal Research Consulting Manager Nicole Dupras offers advice on usage analysis to determine whether to reduce or eliminate a service that’s not earning its keep.
“We find that most law firms and corporations are underutilizing ERM usage data. They’re often surprised to learn how regular assessment of their information resources can improve vendor services while realizing plausible savings.”
With continued pressure for automation and data-driven decision-making to improve productivity and grow revenue, the legal analytics market is expected to grow at a Compound Annual Growth Rate (CAGR) of 32.7% from 2017 to 2022.