Strategic Librarian

Using strategy to develop the law firm library.

Competitive Intelligence in Law Firms Survey Results

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During the end of April and early May of this year, at the request of ILTA Knowledge Management Vice President, Catherine Monte, NPCI asked the directors of the NLJ 250 to respond to a survey regarding how their firms were approaching CI.  With 77 firms responding, we received the following results. 

  •  75.4% are performing some type of competitive intelligence with another 8.8% not doing so yet but are in the planning phase
  • 12.3% have a formal CI program
  • 39.3%  have management or executive committee endorsement
  • 61.5% are seeing the CI request increasing with 7.7% decreasing and 28.2% remaining steady
  • 23.7% are seeing funding for CI increasing with 7.9% decreasing and 55.3% remaining steady
  • 49% of those doing CI research report to the library with 16.3% reporting to marketing, 20.4% reporting to Library/Marketing, 2% reporting to practice group leaders and 20.4% undefined

The following list of resources are those that reporting firms are using to do CI research:

Resources Used In NLJ 250 Law firms for Competitive Intelligence

Bloomberg

Boardex

Capital IQ      

Credit.net       

D&B GRS

Deal Pipeline  

Debt Market

Dialog

Google

Hoovers          

 

Incisive Legal Intelligence

ISI

Lead411

Leadership Directories

Lexis

Lexis AdVantage

Lexis Company Dossier

Lexis Courtlink

Mergent Online

MergerMarket

Newstext

Nexis

OneSource     

PACER

Reference USA

SNL Financial

Thomson Financial Services

VentureSource

West Deal Monitor

West IP Monitor

West Litigation Monitor

Westlaw

Yahoo Finance

 

 

We will be posting additional information from the survey at a future date.  In the meantime, we would love to get your feedback on this information including resources you use that are not on the list above.

~ Nina Platt

One thought on “Competitive Intelligence in Law Firms Survey Results

  1. Pingback: Competitive Intelligence In Law Firms- Where do they look to help their clients? « SocialMatica, Inc