Spending, Vendor Management, and Challenges in Law Firm Libraries
In the Legal, Tax & Regulatory information space, an important center of content purchasing is the law firm library. As part of our ongoing tracking of library markets (one of three key money flows in the information industry), this year Outsell gathered data from law firm libraries to complement our extensive data on academic, public, and other specialized libraries. The results reveal a market that is increasingly under pressure. Budgets are flat, reporting relationships are complex and evolving, and firm economics and politics are putting strains on traditional ways of doing business. The report is based on data compiled in Spring 2009, supplemented by interviews with law firm librarians, leaders of law library associations, and library relations managers at leading vendors. The report’s data and analysis are valuable for vendors who are navigating their way through a rapidly changing law firm market. The report contains:
- Key findings and data about scope of responsibilities, budgets, print to electronic ratios, and spending;
- Analysis of the pain points between law firms and their content vendors, including data on content-evaluation processes and criteria;
- Data on new technologies and applications used by those surveyed;
- Law firm libraries’ top challenges;
- Essential actions for vendors in this segment.
Pub Date: November 17, 2009
Type: Market Report
Segments: B2B CF LTR NEWS SAS
Keywords: Market Analysis
Pages: 28
Format: PDF 
We provide a link to download a PDF at the end of the purchase process.
Download PDF table of contents
Table of Contents
- Why This Topic?
- Methodology
- Law Firm Library Key Findings
- Scope of Responsibilities and Reporting
- Budgets and Spending
- Vendor Relations
- New Technologies and Applications
- Managing the Function
- Challenges
- Essential Actions
- Related Research
- Figure 1. Geographic Distribution of Law Library Respondents
- Figure 2. Responding Organizations’ 2008 Revenues
- Figure 3. Law Library Reporting Relationships
- Figure 4. Primary Activities
- Figure 5. Content Domains Managed
- Figure 6. Budget Expectations
- Figure 7. Print versus Electronic Spending
- Figure 8. Current Budget versus Next Budget for Print and Electronic Spending, Law Firm Libraries
- Figure 9. Spending by Content Type, Law Firm Libraries
- Figure 10. Budget by Spending Area
- Figure 11. Chargebacks
- Figure 12. Law Firm Libraries’ Challenges Working with Vendors
- Figure 13. Content Evaluation Processes: Planning Activities
- Figure 14. Content Evaluation Processes: Steps to Determine Requirements
- Figure 15. Content Evaluation Processes: Specific Evaluation Techniques
- Figure 16. Evaluation Criteria
- Figure 17. New Technologies Applied
- Figure 18. Strategic Management Practices
- Figure 19. Law Firm Libraries’ Top Challenges
Tables & Figures