3/3/14

AALL & HBR Intend to Show the Metrics of Law Library ROI

Last week, AALL announced that it has selected HBR Consulting to lead a six-month project on a researched-based study that will identify the return on investment (ROI) of having a law library in an Academic, Private, and Court environment. As I had mentioned back in November when the Request for Proposal went out from AALL, this is the crown jewel project of AALL's current President, Steven P. Anderson. I have had a first-row seat on this project being on the AALL Executive Board and can tell you that Anderson has been very passionate about this idea and how AALL can help those who work in law libraries by providing specific metrics on the value that they bring to their organizations. I am looking forward to the final product that AALL and HBR Consulting, hopefully sometime later this year.

Here is the official Press Release that came out last week.



PRESS RELEASE
For Immediate Release
Contact: Kate Hagan,
AALL Executive Director
312-205-8016
Khagan@aall.org

AALL Selects HBR Consulting to Conduct ROI Study

Chicago 2/27/2014—The American Association of Law Libraries (AALL) today announced that HBR Consulting has been selected to conduct a research-based study on the important role law libraries play in today’s legal community.

“The objective of this project is to produce a comprehensive study of the return on investment and the consequent value proposition that law libraries provide,” said AALL President Steven P. Anderson.

“The last several years have brought fundamental changes to the legal profession and business of law,” he added. “These changes have served as an impetus for law libraries to transform their operations and services in varied and profound ways—and it is now imperative that law libraries demonstrate the value they bring in concise, measurable ways.”

Once the study is finalized, a full report with findings will be released. The report will include important metrics to calculate the return on investment that legal research and information professionals provide within the legal community. AALL will use the report to develop strategies for communicating the ROI of law libraries.

HBR Consulting is a global leader in legal research and information solutions. The HBR project team will be led by Kris Martin, Senior Director, and Constance Ard, Consultant, and consist of additional HBR professionals.

The project will begin immediately and should take about six months to complete.

About AALL
The American Association of Law Libraries was founded in 1906 to promote law libraries’ value to the legal and public communities; foster the law librarianship profession and provide leadership in the legal information field. With nearly 5,000 members, AALL represents law librarians and related professionals who are affiliated with law firms; law schools; corporate legal departments; courts; and local, state and federal government agencies. For more information, visit AALLNET.org.

About HBR Consulting
HBR Consulting—previously Hildebrandt Baker Robbins and the former consulting arm of Thomson Reuters—is internationally recognized as the leading business and technology operations consultancy in the legal industry. Since being taken private in 2011, HBR Consulting continues to expand on its foundation as a leading provider of consulting services to the legal industry. With more than three decades of experience, we help law firms and law departments plan, implement and measure business, information and technology initiatives with a specific focus on increasing operational efficiency and effectiveness. HBR Consulting helps clients holistically address their needs in the areas of Information Technology Services, Strategic Sourcing and Business Operations, and Law Department Consulting. For more information, visit www.hbrconsulting.com.

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2 comments:

Kris Martin said...

Greg-
Thanks for the post. The whole team at HBR is thankful for the opportunity to serve the Law Librarian community in this manner. Keep your "eye out" and "ear to the ground" for more information in the coming weeks. The success and relevance of this significant report will hinge on the participation of Law Librarians and their stakeholders.

Jeffrey Buckley said...

This sounds like a great project. Client billing is the most direct way law firms can achieve ROI from their libraries. Librarians at some law firms bill over half of their time and they have billing rates around $300/hour. That's real money. As an aside, Valeo Partners has a great database of billing rates of law firm personnel - including librarians/research staff.

 

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