ALM Research Reports Knowledge Management Begins to Gain Ground in Law Firms around the World.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- ALM Research(TM), a leading provider of business intelligence for and about the legal market, today announced the results of the profession's most comprehensive global study of law firm knowledge management practices. The survey, conducted in partnership with Curve Consulting, reveals that while law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
Law firms are increasingly using a variety of technology tools, business practices and processes to identify, capture, disseminate dis·sem·i·nate v. dis·sem·i·nat·ed, dis·sem·i·nat·ing, dis·sem·i·nates v.tr. 1. To scatter widely, as in sowing seed. 2. and use knowledge assets to further their professional and business objectives. The survey addressed the current state of knowledge management in major law firms throughout the world, based on results from 71 firms from the U.S. and abroad, with an average size of more than 610 full-time full-time adj. Employed for or involving a standard number of hours of working time: a full-time administrative assistant. full lawyers. The study examines a variety of aspects of law firm knowledge management, including strategy, budgets, staff compensation, and technology products used. The survey, designed by Curve Consulting's Gretta Rusanow, addresses these issues from a global perspective, reporting and analyzing responses by group, country and region, as well as by firm size. Highlights of survey results include the following: --The top three objectives of knowledge management were identified as improving the quality of client service (71 percent), leveraging expertise (49 percent) and gaining a competitive advantage. (48 percent) --Almost 40 percent of firms will spend more than $1 million on knowledge management in 2006. --The average knowledge management organization in a European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. law firm was more than ten times the size of the average knowledge management organization in a US law firm. --The scope of the knowledge managed within law firms has broadened, although there is still a strong emphasis on managing knowledge related to the practice of law and little emphasis on managing knowledge relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the "business of law." Curve Consulting (www.curveconsulting.com) advises law firms and other organizations around the world on knowledge management, technology and management issues. Curve Consulting is led by Gretta Rusanow (grettarusanow@curveconsulting.com). Rusanow, who authored the survey report, is a lawyer, management consultant and author of "Knowledge Management and the Smarter Lawyer" (ALM Publishing 2003). She has advised prominent law firms and Fortune 500 (or equivalent) companies for over 15 years on a range of knowledge management, technology and management-related initiatives. In addition to her consulting work, Rusanow writes and speaks extensively on knowledge management around the world. She is a Senior Fellow of The University of Melbourne
In 2006, Times Higher Education Supplement ranked the University of Melbourne 22nd in the world. Because of the drop in ranking, University of Melbourne is currently behind four Asian universities - Beijing University, and a lecturer lecturer A person who is primarily–if not entirely—involved in the teaching activities of an academic center, who is not expected to perform research or Pt management; in general, lectureships are non-tenured positions at The University of New South Wales The University of New South Wales, also known as UNSW or colloquially as New South, is a university situated in Kensington, a suburb in Sydney, New South Wales, Australia. , where she teaches "Managing Knowledge in Legal Services legal services n. the work performed by a lawyer for a client. " as part of both law schools' graduate programs. ALM Research offers detailed business information for and about the legal industry, focused on the top U.S. and international law firms. The division's ALM Research Online (www.almresearchonline.com) Web service provides subscribers with direct, on-demand access to ALM's extensive database of surveys, rankings and lists related to law firms and the legal industry. The site also includes the ALM Research Online store where non-subscribers can purchase and download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. pre-formatted individual law firm reports, selected current-year survey data on an individual basis, and ALM Research reports. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , ALM is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 38 national and regional magazines and newspapers, including The American Lawyer(R), Corporate Counsel(R), The National Law Journal(R) and Real Estate Forum(R). ALM's Law.com(R) is the Web's leading legal news and information network, while ALM's GlobeSt.com(R) is the Web's leading information source for commercial real estate professionals. Other ALM businesses include book and newsletter publishing, court verdict and settlement reporting, production of professional trade shows, conferences and educational seminars, market research and content distribution. ALM was formed by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP. More information on ALM's businesses and services is available on the Web at www.alm.com. |
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