A collection of the latest Acritas inisght and developments
► Acritas launches Sharplegal dashboards
► 25% of legal departments are not measuring performance or value
► Diverse client teams achieve 25% greater share of spend
► Opportunities in Asia Pacific
► News from London
ACRITAS LAUNCHES SHARPLEGAL DASHBOARDS
As we approach 10 years of delivering market intelligence and brand analysis to law firms, the need for faster access to data on clients, competition, markets, mergers or brand is increasing. Pressure on law firms to make decisions quickly and confidently is growing.
Our new Sharplegal Dashboards provide an interactive tool to access up to date market intelligence instantly. Eight dashboards allow you to look up your Sharplegal data for competitive intelligence, market opportunity, brand positioning and client feedback data at your convenience and interact to filter by firm, by market, by industry sector or buyer type to find the specific intelligence you need.
25% OF LEGAL DEPARTMENTS ARE NOT MEASURING PERFORMANCE OR VALUE
Acritas discovered 25% of organizations have no metrics in place to measure their legal departments. Analysis of the 75% using metrics revealed an over-emphasis on cost as opposed to proactive risk management, effective legal support and creating value through efficiency – a clear mismatch with legal department goals.
The Acritas PEER model™ was developed by Lisa Hart Shepherd (CEO) to provide a credible scientific solution to advancing legal department management.
DIVERSE CLIENT TEAMS ACHIEVE 25% GREATER SHARE OF LEGAL SPEND
For the first time in the legal industry, our research shows hard evidence that proves diversity is not just good for the soul, it is good for business. Results from our global research detail the GC gender gap in salary and budget; the differences in what male and female clients are looking for in a law firm, and a positive correlation between increasing diversity and client satisfaction.
What drives brand success in Asia Pacific?
Our analysts are committed to evaluating law firm brand health and the drivers of success in a scientific way.
In June we revealed the Acritas Asia Pacific Brand Index. Three key themes arose from the analysis that are essential for firms with interests in the region to apply and maximize the opportunities available:
1. Legal spend in the Asia Pacific region is forecast to grow twice as fast as the global average 2. Success in building a strong brand in the region is built on deep local practice 3. China and South Korea continue to gain importance in the world economy