Corporate Legal All In One Virtual Filing Cabinet

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Image by felipe_gabaldon via Flickr

Here is another winner from Robert Ambrogi, reported at his LawSites blog: The site collects the client alerts created by law firms for their corporate clients on various corporate law-related issue. Taken from the site: is designed to empower corporate professionals with the latest in legal and commercial information from the world’s top law firms and industry insiders. Every year the top 100 American law firms produce more than 10,000 Client Alerts addressing the key commercial and legal issues faced by their clients. We aggregate, review, sort and summarize this content –for free– to give you a really useful corporate resource.

Releases and alerts are broken down by interested member of the corporate team (board, c-suite, legal team, finance team, co-sec team, accounting team, HR team, compliance team) by industry, corporate role, geography, area of law, hot topics, recent releases, matters of particular interest to colleagues, and SEC materials. The site also highlights particularly well-written material and “Memos of the Week” for each of the corporate team portal links and one for the entire site. The site provides more than 70 RSS feeds, also broken down by industry, geography, area of law and professional role. I just subscribed to the Insurance / Reinsurance feed and immediately received a wealth of insurance-related memos prepared by counsel across the country. And, of course, there is a site search box.

This type of aggregation is what knowledge management should be all about! Thanks for the tip Bob, and I hope Studio readers find this site as useful as I do.

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Good News for Internet Rainmakers: Fortune 500 Social Media Adoption Like The Tortoise: Slow, Steady & Further Than Expected

Often viewed as somewhat ponderous and not very agile, the Fortune 500 and the proverbial tortoise have much in common. However, it pays to keep an eye on that tortoise. Nora Ganim Barnes, PhD and Eric Mattson of Financial Insite have published a study indicating that,while progress has been somewhat slow, the Fortune 500’s social media journey is further along than expected. The study measured progress primarily by the number of companies maintaining “public-facing” blogs.

The data for the study was collected in February and March, 2008, so it is already a year old and pre-dates the mainstream Twitter boom.

According to the report, 16% of the primary corporations listed had a public-facing blog with a post within the last 12 months, including three of the top five.

Although the percentage was somewhat surprising to me, the breakdown by industry was not. Blogging corporations are more readily found in tech and related industries. However I was heartened to see social media adoption among some decidedly non-tech industries, such as insurance and banks, with Progressive Insurance and New York Life among them.

And these blogs are interactive! Over 90% take comments and have RSS and subscription. Over 80% linked to a corporate Twitter account. Others had unconnected Twitter accounts. A sizeable percentage are using podcasting and video to enhance their content.

While the results pale in comparison to soc med activities at schools and the Inc. 500, it is heartening to see the big corporations make the leap into Twenty-first century marketing. This is good news for lawyers seeking to connect with clients on-line. There clearly is someone listening on the other end of the line!

As with any good fable, there is a moral. Slow and steady certainly fits here, but for rainmakers, the better moral might be “if you build it (your on-line presence) they (your corporate clients) will come.”

Read the report here

Hat tip to the Resource Shelf.

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