Summary
The firms report that they rely heavily on informal collaborative relationships to spread KM throughout other functions and departments in the organization, and more than 60 percent believe they need to improve those relationships. They see better use of technology as the most effective means to accomplish that important goal-for both the firm and its clients.
Late last year, Curve Consulting and ALM Research conducted an extensive study with 71 of the world's leading law firms. The results of the study, Global Law Firm Knowledge Management: 2006 Survey, show that law firms have yet to fully exploit the benefits an enterprisewide knowledge management (KM) initiative has to offer. Roughly 84% of the companies surveyed indicated they have a culture that supports knowledge management. However, and not the least bit surprisingly, the survey identifies many of the fundamental disconnects in the legal profession that prevent KIM from succeeding in other industries. Only 13% of the firms surveyed measure the return on investment in knowledge management.See the full content of this document
Extract
Business and Practice: Km and the Law
As one of the most knowledge-intensive "industries" around, the legal profession is perfectly suited for knowledge management. Law firms have vast amounts of information that shoul...
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