Xakia Blog

Offering Simple, Practical Information For Legal Departments

Evaluating LegalTech? Five Considerations for Small & Large Legal Departments

October 5, 2021 Jodie Baker
Your Legal Department is small today – but it may not be in five years. Learn what to look for when evaluating legal technology.
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Does your legal technology match your business needs?

September 13, 2021 Jodie Baker
By 2025, Legal Departments will triple their spend on technology. Here are three critical steps to ensuring your legal tech matches your business needs.
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Matter Management Software: Build or Buy?

August 31, 2021 Jodie Baker
As corporate legal teams shop for LegalTech solutions, it's important to understand the rationale behind “Build vs. Buy” to make an effective decision.
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Vexed by Budget Uncertainty? When – and How – to Use Fixed Fees

October 10, 2018 Jodie Baker
As consumers of legal services know, when the outside counsel spend is governed by hourly billing, it’s inherently hard to predict, as it can vary with the phase of a project, the demands of the other side, even the habits and styles of the lawyers involved.
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Guest Post: Three Elements Critical for Managing External Spend

September 26, 2018 Nathan Wenzel, SimpleLegal CEO
The unpredictability of legal activity has been the top reason in-house teams struggle to accurately predict legal spend. But, this is changing, especially with the rise of legal operations. Legal teams can no longer operate as a black box, spending with impunity. They must be more quantitative. They must take a disciplined and strategic approach to spend management so they are armed with the necessary data to enforce real change.
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Budget Benchmarks: Where do you Stand?

August 28, 2018 Jodie Baker
Budget season approaches – and soon it will be time to turn your attention from the law to the ledger. More than 70 percent of companies have a December 31 year-end; for this majority, the next few months are a critical time to request and allocate resources for the year ahead.
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Measuring Legal Tech ROI

August 13, 2018 Jodie Baker
On its face, ROI seems pretty straightforward – a basic math equation that determines the ratio between an investment’s profit and its cost. But with legal technology, this can get a little nebulous: Your department deals in time, not in widgets.
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Q1 nearly over:  where is your legal budget?

March 6, 2018 Jodie Baker
A recent survey by the ACC asked in-house lawyers a simple question: Is your department spend within budget? 37 percent said no.
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