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When It Comes to Compensation, XpertHR Survey Shows that Employers Feel Trapped Between a Rock and a Hard Place

Posted on by Operations Team

Survey reveals that employers know they must increase compensation but struggle to do so affordably

New York City (July 14, 2022) – According to the XpertHR Compensation Practices Survey 2022, employers believe that better employee compensation is the key to retaining and attracting talent—though making the necessary adjustments on that front presents its own financial challenges. Nearly eight in 10 (78%) of employers rated offering competitive pay as a “high” priority for attracting talent this year, but 88% said that doing so will be “somewhat” or “very” challenging.

 

Image caption: Keeping pay competitive, ensuring pay equity and balancing retention with affordability are the top priorities of employers in 2022 [left]—yet, at the same time, employers find these same goals are their top compensation challenges [right].

“The extremely tight labor market is forcing employers to reevaluate their pay structures,” says Natasha Wiebusch, Legal Editor at XpertHR. “Yet many companies struggle to free up the financial resources to do this.”

With the cost of living rising in the current economy, staying competitive with compensation is all the more challenging. Eighty-four percent of the survey respondents said that balancing retention with affordability is also “somewhat” or “very” challenging, while 67% cite inflation and cost-of-living factors among the top three challenges.

“Employers are scrambling to remain competitive with compensation while not breaking the bank,” Wiebusch added. “But the results are clear: employers who want to retain or grow their current workforce must be prepared to spend more on labor.”

Among the bright spots of the compensation survey, however, was the fact that 68% of participating organizations designated pay equity as a high priority this year. The growing effort to improve workforce representation and pay equity was among the top five diversity, equity and inclusion trends XpertHR identified for 2022.

The XpertHR Compensation Practices Survey 2022 was conducted from April 5, 2022, to April 29, 2022, using a self-administered online survey. The survey sample includes 314 employers that are located across the US. The total estimated number of employees of the responding organizations is 536,242. This survey report explores compensation practices, such as what types of pay structures are used, priorities and challenges of compensation structures, common benchmarking practices, and more. A complimentary press version of the report is available upon request.

About XpertHR:
XpertHR has been providing HR solutions since 2002, empowering organizations across the globe to build successful workforces and create a purposeful workplace for all. The platform delivers expert insight, trusted resources, data analysis and practical tools to help achieve greater efficiency, reduce risk, and increase employee engagement. XpertHR is developing smarter data analysis tools and cutting-edge technology to support future demands on HR in an increasingly digital world. To learn more, visit xperthr.com.

 

Media Contact:
Lauren Doyle
ldoyle@wordsworthweb.com
937.241.8378

Click Here to Visit Our Website

The MICHELIN Guide sets its sights on Vancouver

Posted on by Operations Team

 

 

 

    • Vancouver joins Toronto as a Canadian MICHELIN Guide destination
    • MICHELIN Guide inspectors are already in the field, finding culinary gems

 

 VANCOUVER, British Columbia, July 14, 2022 — Michelin and Destination Vancouver today announced the MICHELIN® Guide Vancouver, the latest expansion of the MICHELIN Guide.

 

Vancouver is home to a thriving culinary community, with both established chefs and young professionals ready to polish their skills. The city’s restaurant teams are committed to using a wide range of high-quality products, such as produce, meat and seafood sourced locally and sustainably.

 

The first MICHELIN Guide Vancouver selection will be revealed in the fall, and it will showcase outstanding restaurants and professionals receiving Michelin distinctions. The famously anonymous inspectors of the Guide award the iconic MICHELIN Stars – One, Two or Three – to unparalleled cuisine. The Guide is also renowned for its Bib Gourmand selection, highlighting restaurants that offer great quality food at good prices. The MICHELIN Green Star is given to restaurants that are leaders in sustainable gastronomy.

 

“We’re thrilled to bring the MICHELIN Guide to Canada’s west coast and shine a spotlight on all that Vancouver has to offer,” said Gwendal Poullennec, International Director of the MICHELIN Guides. “Our inspectors are already exploring Vancouver. They are eagerly diving into its wide variety of cuisines, prepared with high-quality products and served in warm, casual atmospheres. Vancouver is celebrated by international travelers for its artistic vibe and multifaceted identity – from impressive buildings to outdoor spaces – and we’re pleased to focus on its very promising culinary potential.”

 

Meticulous in maintaining their confidentiality, Michelin inspectors are already in the field, making dining reservations anonymously and paying for all their meals to ensure they are treated the same as any other customer.

 

“The fusion of flavors and cultures, influences from the Pacific Rim threaded through, and the abundance of the freshest ingredients from the ocean and land make the dining experience in Vancouver something very special,” said Royce Chwin, President & CEO, Destination Vancouver. “We have long enjoyed tremendous acclaim for our culinary scene and the MICHELIN Guide Vancouver further elevates the city’s reputation as a global dining destination. And we’re so delighted that Vancouver is now a culinary destination for aspiring young chefs who want to train under the guidance of a MICHELIN-Starred team.”

 

The upcoming Vancouver restaurant selection will follow Michelin’s historical methodology, based on five universal criteria, to ensure each destination’s selection equity: 1) quality products; 2) the harmony of flavors; 3) the mastery of cooking techniques; 4) the personality of the chef in the cuisine; 5) consistency between each visit (each restaurant is inspected several times a year).

 

The MICHELIN Guide is constantly observing the evolution of culinary destinations around the world. Michelin works with Destination Marketing Organizations, or tourism boards, to promote the travel industry in the respective locations; however, the MICHELIN Guide selections process remains completely independent.

 

While selections remain fully independently determined by Michelin inspectors, Michelin is working with Destination Vancouver on marketing and promotion activities only.

 

The 2022 Vancouver restaurant selection will join the MICHELIN Guide selection of hotels, which features the most unique and exciting places to stay in Vancouver and around the world. Visit the MICHELIN Guide website, or download the free app for iOS and Android, to book unforgettable hotels and make restaurant reservations through partners OpenTable, Resy and SevenRooms.

 

Michelin in Canada

Michelin opened its first North American tire production facilities in Canada in 1971 in Bridgewater and Pictou County, Nova Scotia. It’s now a major contributor to the Canadian economy in the field of sustainable mobility, with activities in the tire sector but also around and beyond tires. The company currently employs around 4,000 people in Canada. In May, the MICHELIN Guide announced Toronto as its first Canadian destination.

 

About Michelin North America, Inc.

Michelin, the leading mobility company, is working with tires, around tires and beyond tires to enable Motion for Life. Dedicated to enhancing its clients’ mobility and sustainability, Michelin designs and distributes the most suitable tires, services and solutions for its customers’ needs. Michelin provides digital services, maps and guides to help enrich trips and travels and make them unique experiences. Bringing its expertise to new markets, the company is investing in high-technology materials, 3D printing and hydrogen, to serve a wide a variety of industries—from aerospace to biotech. Headquartered in Greenville, South Carolina, Michelin North America has approximately 22,500 employees and operates 34 production facilities in the United States and Canada. (michelinman.com)

 

About Destination Vancouver

Destination Vancouver is the official destination marketing and management organization for the spectacular city of Vancouver, British Columbia, Canada and represents more than 800 members in the city’s visitor economy. Destination Vancouver’s mandate is to support Vancouver’s tourism industry in developing compelling experiences and offerings for the city’s visitors and promoting Vancouver to target Canadian, U.S., and international markets. The purpose of the dedicated group of approximately 32 full-time team members (and growing), along with close to 200 visitor services volunteers, is to transform Vancouver’s communities and visitors through the power of travel. (destinationvancouver.com)

 

For more information, contact:

Andrew Festa

Michelin North America – External Communications
andrew.festa@michelin.com

Suzanne Walters

Destination Vancouver – Director, Communications
swalters@destinationvancouver.com

Contact Information

Name: Andrew Festa
Email: andrew.festa@michelin.com
Job Title: Press Officer

Click Here to Visit Our Website

ALERCELL® TO DISTRIBUTE AMOY DIAGNOSTICS’ MOLECULAR CANCER TESTS IN THE UNITED STATES

Posted on by Operations Team

BOZEMAN July 12, 2020 – Alercell® announced today that it has entered into a master distribution agreement with Amoy Diagnostics Co., Ltd (AmoyDx), a China based innovative molecular diagnostics company with shares traded on the Shenzhen Stock Exchange (SZSE: 300685), The master distribution agreement enables Alercell® to introduce to the United States market several innovative DNA sequencing cancer tests.

The first tests to be introduced under the Agreement include: Pan Lung Cancer PCR Panel, EML4-ALK Fusion Gene Detection Kit, BRCA Pro Panel, and the Human Papillomavirus (HPV) Genotyping Detection Kit. These molecular diagnostic tests are all introduced as RUOs (Research Use Only) and are the most advanced next generation DNA sequencing tests in various fields to tackle, Lung Cancer, Breast Cancer , Ovarian Cancer and Cervical Cancer screening. These tests target gene mutations/fusions and serve as cancer biomarker in several fields, part of the process includes a service giving access to AmoyDx NGS Data Analysis System (ANDAS).

ANDAS allows a fast DNA sequencing analysis and comparison with an existing database. The AmoyDx® BRCA Pro Panel is a next-generation sequencing (NGS) based in vitro diagnostic assay intended for qualitative detection and classification of single nucleotide variants (SNVs), insertions and deletions (InDels), and large rearrangements (LRs) in protein coding regions, intron/exon boundaries, some introns and UTR regions of the BRCA1 and BRCA2 genes, using DNA isolated from peripheral whole blood or formalin-fixed paraffin embedded (FFPE) tumor tissue specimens.

The sequencing data can be analyzed by ANDAS to detect the genomic variants in the target region. It is efficient and allow access to large amount of data which benefit and speed up the diagnostic process.

“Amoy Diagnostics is a real innovator in the field of cancer biomarker detection, and we are proud to open the US market to these advanced tests. It is just the start of a long collaboration, and we are excited as some universities are already testing the products” said Frederic Scheer, Alercell® CEO. AmoyDx is a well-known biotech company that has several existing agreements with well-known players such as Astra Zeneca, Merck and other large biotech companies.

The tests are available now for distribution at Alercell corporate office in Montana.

 

About Amoy Diagnostics Co., Ltd.

Amoy Diagnostics Co., Ltd. (SZSE: 300685) is a leading biotech company which pioneered the development and commercialization of cancer diagnostics in China. It is the largest provider of molecular diagnostics products for personalized healthcare in China, as well as a service center for oncology biomarker analysis. AmoyDx has a market-leading portfolio of molecular tests and is the therapy diagnostics partner for several major multinational pharmaceutical companies offering precision therapies for cancer.

 

ABOUT ALERCELL

Alercell®, Inc is a molecular diagnostics company that provides cancer and leukemia rapid tests to diagnose life-threatening illnesses at an early stage. The company was founded with the aim of providing more accurate and timely diagnostic tools for cancer patients worldwide.  Alercell’s mission is to make a difference in the fight against cancer by providing innovative and accurate diagnostic solutions that improve patient outcomes.

The Alercell® mission is built on the foundation of “stopping it before it starts”. Our genetics-based testing is the first line of assault against cancer & leukemia and infectious diseases. Alercell® is a Biotechnology company based in Bozeman, Montana with a satellite office in New York City.

For more information, please visit: www.alercell.com

 

Forward Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Alercell ‘s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the inability to complete the proposed business combination or the Extension; the inability to recognize the anticipated benefits of the proposed business combination; costs related to any business combination; Alercell’s ability to manage growth; Alercell’s ability to execute its business plan; the timing of revenues from existing customers, including uncertainties related to the ability of Alercell’s customers to commercialize their products and the ultimate market acceptance of these products; the uncertain impact of the COVID-19 pandemic on Alercell’s and its customers’ businesses; uncertainties related to Alercell’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Alercell ‘s products; the success of other competing products and services that exist or may become available; Alercell’s ability to identify and integrate acquisitions; rising costs adversely affecting Alercell’s profitability; uncertainties related to Alercell’s potential litigation involving Alercell or the validity or enforceability of Alercell’s intellectual property; and general economic and market conditions impacting demand for Alercell’s products and services. Other factors include the possibility that any proposed business combination does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. Alercell does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Disclaimer

This release shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

 

Media Contact

Alercell, Inc.

Mr. Frederic Scheer, CEO

Email: fscheer@alercell.com

Dr. Alexandre Scheer, Chief Medical Officer

Email: ascheer@alercell.com

Tel: (406) 233-6434

Click Here to Visit Our Website

PLANETSHAKERS RELEASES FIRST RADIO SINGLE OF 2022, “I KNOW YOU CAN”

Posted on by Operations Team

 

Jordan Sapp Produces This Declarative Song Of Faith

 

Internationally recognized praise band Planetshakers globally releases its first radio single of the year, “I Know You Can,” today (July 8) from Venture3Media (V3M). Available now at all major digital and streaming outlets via https://link.brddg.co/iknowyoucan, this is a song of remembering who God is, and declaring that He can do anything.

“What great confidence we can have, knowing that God is able to do anything!” exclaims worship leader Joth Hunt, who wrote and leads the song inspired by Romans 8:28. “If we look back over history, we can see the amazing miracles and displays of His power. Even when it seemed like all hope was lost, God came through!”

Produced by GRAMMY-nominated, Dove Award-winning Jordan Sapp (Jeremy Camp, Jordan Feliz, Tauren Wells), who has nine No. 1 radio singles to his credit, “I Know You Can” is a new studio recording of the lead track from both the band’s current full-production live album REVIVAL and its more intimate Planetshakers Revival, Live At Chapel project.

 

I know You can
Nothing is too hard
Nothing is too hard for You
I know You can
There is no other
Nobody greater than You
(“I Know You Can” chorus)

 

Continuing its mission to “empower generations to win generations,” Planetshakers is sharing its new music on tour, most recently in South and Central America and later this month in Europe, including events in Romania July 16 and Hungary July 23. Planetshakers Church is also seeing huge streaming numbers online with hundreds of thousands of people from all across the globe connecting to its worship services and resources remotely.

All the latest Planetshakers music and more news can be found at Planetshakers.com, YouTube (1.33 million subscribers), Instagram (595K followers), Spotify (933.5K followers), Twitter (183.6K followers) and Facebook (over 1.6 million followers).

About Planetshakers Band:

The mandate of Planetshakers – empowering generations to win generations – is outworked globally through the ministry of Planetshakers band. The heart behind each of its endeavors is to see every generation empowered by a life-transforming personal encounter with God through the experience of authentic praise and worship.

Birthed in a youth revival in Adelaide, South Australia (2000), the band serves Planetshakers Church, founded by Russell and Sam Evans, and tours the world. Known for songs such as Nothing is impossible, The Anthem, Leave Me Astounded and Endless Praise, and having produced over 30 internationally-acclaimed albums, Planetshakers band has been privileged to be used by God to release a fresh sound of praise and worship into atmospheres internationally.

About Venture3Media:

Venture3Media is a global music label and song publisher with sales, marketing, promotional, radio, television and movie expertise. V3M provides distribution platforms across all digital channels, including, but not limited to Spotify, Apple Music, iTunes, Amazon, Deezer, Tencent, 7Digital, Google Music, Facebook, Pandora, Tidal, Sirius and Rhapsody. Physical distribution includes online retailers such as Amazon, national retail chains, sub-distributors and internationally through well-established licensee’s and distributors. V3M is excited to build a global ecosystem that serves the vision and heart of Planetshakers.

FOR MEDIA ONLY:

Planetshakers press materials are available to download from: https://app.box.com/v/Planetshakers-Revival-Press.

For additional information, music, interviews, etc.,contact:Rick Hoganson, Hoganson Media Relations, 615-459-9870, Hoganson@comcast.net.

Contact Information

Name: Rick Hoganson
Email: hoganson@comcast.net
Job Title: President

Click Here to Visit Our Website

LexisNexis Introduces New Tools to Mitigate Environmental, Social and Governance Business Risks

Posted on by Operations Team

The enhancements to Nexis Diligence™ include ESG company ratings and custom news searches that fit seamlessly into the holistic due diligence process

LexisNexis® has introduced several enhancements to Nexis Diligence™that allow compliance and due diligence professionals to incorporate in-depth Environmental, Social and Governance (ESG) risk assessment into their workflow—all within a single interface. These enhancements, which include ESG ratings for individual organizations and custom news searches, address the growing need for organizations to integrate ESG factors into existing due diligence research and reporting processes.

Learn more about Nexis Diligence’s new ESG enhancements at ESG For Due Diligence Agenda | LexisNexis  

“ESG is a growing concern for all companies, and these ESG-focused enhancements to Nexis Diligence support and streamline a more complete due diligence process that can significantly reduce risk,” said Danielle McCormick, Chief Product Officer, LexisNexis. “The new features offer our users a powerful tool to manage the increasing scrutiny on sustainability efforts, as well as the emerging regulatory demands for businesses to go beyond traditional risk assessments.”

ESG Ratings

Provided by CSRHub, Nexis Diligence’s new ESG ratings are determined through an analysis of 350 million data points, from a wide-ranging collection of sources. These include data from 20 of the premier socially responsible investment analysis firms, 800+ nongovernmental organizations, government agencies, news feeds, social networking groups, smaller for-profit organizations and publishers. Each rating is broken down by category and related sub-category, offering a more complete understanding of ESG performance. The resulting ratings are extensive and updated monthly, assessing the ESG performance of 99.5% of the Russell 3000 index and over 30,000 companies in Europe, Asia, North America, and the rest of the world.

ESG Custom News Searches

Nexis Diligence’s ESG Custom News feature complements CSRHub’s ESG ratings, allowing users to dive into the impact of a company’s sustainability efforts at a moment’s notice. The Custom News enhancement facilitates quick ESG research across LexisNexis’ global collection of 40,000+ premium and web news sources.

Each search begins with a set of predefined ESG search terms which can be customized to align with preferences or specific risk concerns. These searches offer not only a valuable snapshot of ESG performance but improved risk visibility and greater operational efficiency.

Nexis Diligence ESG content empowers more confident decision-making to protect organizations and make ethical profit possible. To learn more, please visit ESG For Due Diligence Agenda | LexisNexis

 

About LexisNexis Legal & Professional

LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis®services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.

 

About Nexis® Solutions

Nexis® Solutions, as part of LexisNexis and the global RELX corporate family, connects customers to market-leading data through a flexible suite of scalable solutions, including our award-winning, flagship Nexis® research platform. By enabling fast access to a vast universe of enriched data with intelligent technologies, Nexis Solutions empowers business, media, non-profit, government and academic organizations worldwide to quickly discover actionable insights that enable confident, performance-driving decisions.

 

About CSRHub

Learn more about CSRHub at csrhub.com

Contact Information

Name: Magdalena Sommenvik
Email: magdalena.sommenvik@lexisnexis.co.uk
Job Title: Global Product Marketing Manager

Click Here to Visit Our Website

Intetics Created the First Online IT Trends Vocabulary with Definitions and Emerging Technologies for 2022. Are You In? Contribute to the Vocabulary!

Posted on by Operations Team

Intetics has created a Vocabulary of Emerging Technologies, which covers IT trends and definitions of all emerging technologies for analysis and reference. The Vocabulary is open for anyone willing to contribute it with definitions of the latest on tech. 

Rapid technological developments urge companies of all sizes to rethink their operations and offers. Recent McKinsey findings, for example, show that almost nine out of 10 organizations realize their business models will evolve. This means we are going to see a huge shift among industries as they build digital practices from the ground up, rather than improving existing models. 

This digital movement is not limited to IT-related markets. It is shaping the evolution of all industries. According to the IEEE survey of global technology leaders from the U.S., the U.K., China, India, and Brazil, technology will be reshaping industry sectors from manufacturing to travel and transportation to education in 2022. 

So, if you are not keeping up with the latest IT trends, you are behind the curve. Tech innovations are important for continuous education and tech development in any industry. Yet, keeping track of all of them is incredibly time-consuming. Even IT professionals spend a lot of time gathering information, as there are hundreds of expert sources and even more technologies. 

How To Stay on Top of Modern Technological Innovation 

Staying up-to-date on IT innovations lets companies improve their products, transform their business, and deliver better customer satisfaction. Knowing the latest technological advancements is a chance to stay on top of the industry and contribute to its development. This, in turn, allows to speed up innovation adoption and, eventually, deliver an enhanced user experience. 

To do so, organizations must stay on top of “what’s what” in modern technology. Companies will need to find ways to collaborate with each other to share ideas and insights to move the industry forward.  

For example, Intetics has created a Vocabulary of Emerging Technologies, which covers IT trends and definitions of all emerging technologies for analysis and reference. Crucially, anybody can contribute definitions to the dictionary. Working together as a community on projects such as this and others, organizations will be able to find the necessary collaboration strategies to understand the wide range of innovations and niches. 

Staying on top of recent technology trends also requires a time commitment from employees and direction from the organization at large. Companies must compile resources and help their teams get the support they need to understand the rapidly changing world of technology. Here are a few ways to get started with the various resources available: 

  • Subscribe to reports published by CB Insights, Gartner, and the World Economic Forum. 
  • Monitor the Gartner Hype Cycle for Emerging Technologies. 
  • Study Global M&A reviews, the Periodic Table of Disruptive Technologies and Innovation or reports by tech communities and IT business accelerators like Tech Nation. 

 
Contribute to the Vocabulary! Add Your Tech Term 

Read the full version of the article for more useful hacks and to stay on top of tech trends. And feel free to contribute to the vocabulary with missing tech terms. 

About Intetics 

Intetics Inc. is a leading global technology company providing custom software application development, distributed professional teams’ creation, software product quality assessment, and “all-things-digital” solutions built with SMAC, RPA, AI/ML, IoT, blockchain, and GIS/UAV/LBS technologies.  

Based on proprietary pioneering business models of Offshore Dedicated Team® and Remote In-Sourcing®, an advanced Technical Debt Reduction Platform (TETRA™), and measurable SLAs for software engineering, Intetics helps innovative organizations capitalize on global talent with our in-depth engineering expertise based on our Predictive Software Engineering framework. 

About the Author 

Boris Kontsevoi is the founder and President of Intetics Inc., a leading global software engineering and digital transformation company. Under his leadership, a group of software engineers developed into a truly global technology company with multiple professional certifications and industry awards, including the Global Outsourcing 100, Software 500, Inc.5000, and Global Sourcing Association best of class company.  

Boris has over 30 years of experience leading software development teams and over 40 scientific publications in the field of computer science and automation, he is a Certified Outsourcing Professional, and inventor of several business service models including Offshore Dedicated Team®and Remote In-Sourcing®.  

He is an initial creator of the Predictive Software Engineering methodology, as well as TETRA™, a Technical Debt Reduction Platform, for a comprehensive quantitative assessment of the quality of software products.  

He serves as a Distinguished Judge of WebAward Competition since the year 2000. Boris is a recipient of WebAward for the new Intetics.com slide-website, 2021, “Top 100 Tech Innovators and Influencers” by the Intercon 2020-2021, Entrepreneurial Excellence Award (2009) by The Business Ledger, Gamechanger Of The Year (2017) by ACQ5, Strategic Leader of the Year (2021) by GSA and a professional member and contributor of the IAOP, GSA, Forbes Technology Council, and IDG/CIO.com. 

Contact Information

Name: Irina Dubovik
Email: i.dubovik@intetics.com
Job Title: Digital Marketing Director

Click Here to Visit Our Website

New LexisNexis Tool Helps Companies Assess Environmental, Social and Governance Impact

Posted on by Operations Team

The tracking tool leverages the power of Nexis Newsdesk™ to allow users to explore ESG trends and conduct customizable searches

NEW YORK— June 30, 2022—LexisNexisâ has unveiled a new, free-to-use Global Environmental, Social and Governance (ESG) media and news tracker that helps brands to better understand their ESG story. Powered by Nexis Newsdesk™, the tracker allows users to analyze how their brand or company’s ESG efforts feature in global news coverage, as well as to track overall trends in the ESG conversation—all with the click of a button.

 

See LexisNexis’ ESG media and news tracker in action at www.LexisNexis.com/ESG.

 

“For most organizations, ESG efforts have quickly gone from ‘nice-to-have’ to an area that impacts everything from consumer brand perception and investor interest to recruiting efficacy,” said Tom Biddle, General Manager, Media Intelligence at LexisNexis. “ESG should be a critical factor in every organization’s communications strategy, and this new tracker helps users to evaluate how their tactics are being received in real-time, in the real world.”

 

Real-time Coverage

The Nexis ESG tracker includes a simple search bar that serves up the top 15 ESG-related news stories that reference almost any company or brand. This information is sourced in real-time from the Nexis Newsdesk platform, tapping into nearly 100,000 news sources written in over 90 languages from around the globe. The tracker can also be used to conduct multiple searches, allowing users to create quick comparisons between their ESG efforts and those of competitors.

 

Powerful Insights, Visualized

 

The tracking tool also offers deep dives into meaningful ESG-related trending topics. These themes are visualized in an array of charts and graphs, providing a snapshot of subjects ranging from executive pay and environmental stories to workplace diversity, bribery and corporate giving. The tracker also analyzes which companies received the most positive recent coverage for their diversity and inclusion (D&I) efforts, breaking down how major organizations like Deloitte, Amazon and Bloomberg are being covered.

 

What Investors Care About

Today, investors want to know that the companies they’re investing in are not only successful but sustainable. As a result, ESG has become an important factor for evaluating the health of companies—with many investment firms paying close attention to ESG ratings. Media coverage factors heavily into these scores, and the Nexis ESG tracker allows users to quickly and efficiently analyze the most-covered ESG-related topics and how specific companies factor into that coverage.

To experience the Nexis ESG tracker first-hand, please visit www.LexisNexis.com/ESG

 

About LexisNexis Legal & Professional

LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.

 

About Nexis® Solutions

Nexis® Solutions, as part of LexisNexis and the global RELX corporate family, connects customers to market-leading data through a flexible suite of scalable solutions, including our award-winning, flagship Nexis® research platform. By enabling fast access to a vast universe of enriched data with intelligent technologies, Nexis Solutions empowers business, media, non-profit, government and academic organizations worldwide to quickly discover actionable insights that enable confident, performance-driving decisions.

Media Contact

Leela Bozonelis

LexisNexis | Nexis Solutions

+1-929-383-8781

Leela.Bozonelis@lexisnexis.com

Twitter: @NexisSolutions

LinkedIn: https://www.linkedin.com/showcase/lexisnexis-business-insight-solutions/

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LexisNexis CounselLink Releases 2022 Enterprise Legal Management Trends Report

Posted on by Operations Team

M&A set a record year in 2021, representing 7.4% of total legal billing and garnering a 6.1% increase in the median partner rate

 

RALEIGH, N.C. — LexisNexis® CounselLink® a leading cloud-based enterprise legal management solution for corporate law departments, today announced the release of its 2022 Enterprise Legal Management Trends Report. Now in its ninth year, the 2022 Trends Report provides insights into seven key metrics driving corporate legal decision-making on improving legal department performance and outcomes. The report leverages Counsel Link data based on more than $49 billion in legal spend across 350,000 timekeepers, 8 million invoices and more than 1.2 million matters.

Among the top key findings, Mergers & Acquisitions (M&A) related legal fees processed through Counsel Link in 2021 represented 7.4% of total legal billing, a significant increase from 4.3% in 2020. The data also reflects that greater demand for M&A legal expertise resulted in material price increases. The median partner rate billed for M&A work in 2021 was $878, a 6.1% increase over the prior year median.

Despite pandemic-related and other pressures for legal departments to reduce outside counsel spending, hourly rate increases paid to US firms showed no signs of slowing. On average, 2021 partner hourly rates increased by 3.4% relative to 2020, which was comparable to the 3.5% growth in 2020 vs. 2019.

Other key findings include the following:

  • “Largest 50” Firms Continue to Take Larger Share of High-Rate Work: The “Largest 50” firms (those with more than 750 lawyers) continue to account for the largest share of U.S. legal spend. In 2021, 46% of outside counsel spend was paid to “Largest 50” firms, which is consistent with results from recent years. The three categories commanding the highest partner rates were Mergers and Acquisitions; Finance, Loans, and Investments; and Regulatory and Compliance. Combined, the “Largest 50” firms had a 61% share of legal billings in these categories last year. They also grabbed a majority share of IP Litigation and Corporate Antitrust work, which command higher partner rates.
  • AFA Utilization Remains Material: Corporate counsel continued to show strong interest in alternative fee arrangements (AFAs) in 2021, continuing a ten-year trend of growth. Last year, 14.8% of matters billed some portion of other than hourly billing, and 9.6% of all fees were non-hourly. The matter types that utilized AFAs the most were Intellectual Property, Labor & Employment and Insurance. AFAs were utilized the least in Environmental, Commercial and Contracts, and Litigation matters, however, Environmental, Real Estate and Intellectual Property had the greatest percentage of AFA billings in 2021.
  • Law Firm Consolidation Rebounded: In 2021, nearly 60% of companies consolidated 80% or more of their legal work with 10 or fewer law firms. Industries with the highest level of consolidation in 2021 included: transportation and warehousing, information companies, retail and manufacturing.

“For the ninth year, CounselLink’s Enterprise Legal Management Trends Report has enabled corporate law departments to leverage authoritative industry data to make informed sourcing decisions and improve legal department performance and outcomes,” said Kris Satkunas, Director of Strategic Consulting for CounselLink and author of the Trends Report. “In the current inflationary environment, it is increasingly important for corporate counsel to keep an eye on rate trends and work closely with outside counsel to manage costs. As the quantity of available data continues to increase, so does the depth and quality of insights that CounselLink’s Trend Report is able to provide.”

The seven key metrics covered by the report include blended hourly rates, law firm consolidation, Alternative Fee Arrangements (AFAs), partner hourly rate differences, partner hourly rate growth by city/state, partner hourly rate growth, and international partner rates. The full CounselLink Trends report is available for download at https://counsellink.com/trends/.

About CounselLink®

LexisNexis® CounselLink® is a leading enterprise legal management solution designed to help corporate legal departments gain 100% visibility into their work, matters, and invoices. CounselLink delivers Work Management, Financial Management, and Vendor Management solutions in one easy-to-use, cloud-based platform for controlling costs, maximizing productivity, and making better decisions — all supported by powerful analytics that provides you with data to demonstrate your department’s value. For nearly 30 years, LexisNexis has been providing innovative solutions for corporate legal departments crafted from the insights of thought leaders, industry expertise, and customer feedback. Discover more about CounselLink online at www.counsellink.com.

About LexisNexis Legal & Professional

LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.

Media Contacts:
Eric Sokolsky, Plat4ormPR
eric@platform.com

Contact Information

Name: Dana Greenstein
Email: dana.greenstein@lexisnexis.com
Job Title: Director, Corporate Communications

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LexisNexis Enhances the Lexis+ Legal News Hub with the Addition of MLex and Law360 Authority Content and Expansion to Lexis+ UK

Posted on by Operations Team

Legal News Hub delivers industry-leading news directly into the Lexis+ workflow to keep busy legal professionals informed

 

LONDON and NEW YORK – LexisNexis®Legal & Professional, a leading global provider of information and analytics, today announced the addition of MLex and practice-specific Law360 Authority content to the Lexis+ Legal News Hub and its expansion to Lexis+ users in the UK. MLex’s regulatory risk content and Law360’s expanded insurance, employment and tax content join the award-winning journalism of Law360 and Law360 Pulse to keep legal professionals up to date on the latest news, trends and changes that impact the business and practice of law within their established workflows.

 

Legal News Hub is located within the Lexis+ Experience Dock, an integrated starting point for core legal tasks that enables seamless switching between product experiences and workflows. Legal News Hub enhances current awareness functionality within Lexis+, enabling users to stay informed on breaking news and analysis on developments across 98 practice areas, industries, jurisdictions, and regulatory topics. All Lexis+ users can browse headlines and summaries from Law360, Law360 Pulse and MLex and read Law360’s free Access to Justice content. Those with existing Law360 or MLex subscriptions can drill deeper into the news stories and content from within the familiar Lexis+ environment.

 

Legal News Hub is the latest expansion of the recently launched Lexis+ UK. Lexis+ UK is an integrated ecosystem that gives legal professionals access to the UK’s largest legal research and practical guidance database, now complemented by a powerful set of legal news.

 

“The addition of MLex and other practice-specific content to the Lexis+ Legal News Hub further solidifies its position as the legal industry’s authoritative source of daily news and content and makes the Lexis+ ecosystem even more indispensable for practitioners who need to stay current on the issues and topics that affect their practice and clients,” said Sean Fitzpatrick, CEO of LexisNexis North America, UK and Ireland. “It also represents the first time that LexisNexis has brought together its two premiere news acquisitions – Law360 and MLex – creating a richer, more seamless news experience for our US and UK customers.”

 

The Lexis+ Legal News Hub experience now includes:

  • MLex: Providing global, exclusive news and forward-looking analysis on key developments in regulatory risk, covering Antitrust, M&A, Data Privacy & Security, Financial Crime, Trade, State Aid (EU) and Sector Regulation.
  • Law360: Delivering award-winning, up-to-the-minute coverage of litigation, regulation and enforcement, legislation, executive orders, administrative hearings, corporate deal-making, and more, across all major practice areas, industries, and jurisdictions. Law360 also publishes Law360 Pulse, a dedicated legal news offering delving into the business of law, and Law360 Authority, which delivers daily features, special series and forward-thinking analysis from industry authorities on Insurance, Employment, Tax, and Real Estate (coming soon).

 

“MLex is the most trusted source of regulatory news for top law firms, corporate counsel and the public sector, helping them respond to changes in the regulatory landscape, navigate risks and uncover new opportunities for their business or clients,” said Bruce Macfarlane, Managing Director, MLex. “Now that MLex is embedded within Lexis+ Legal News Hub, lawyers who rely on our content for enhanced awareness of regulatory developments across the globe can gain the insights they need without leaving the Lexis+ environment.”

In addition to the new content, Lexis+ Legal News Hub features a new user interface, including improved readability, the ability to toggle between MLex and Law360 content, and ‘remembering’ the last four practices visited so users can quickly find the content most relevant to them.

 

Find out more information about Lexis+ and sign up for a free trial by visiting www.lexisnexis.com/en-us/products/lexis-plus.page.

Current Lexis+ customers can activate free access to all content included in the Legal News Hub for seven days by clicking on any article in the Legal News Hub that is outside of their current subscription and selecting the “Start Trial” button.

 

About LexisNexis Legal & Professional

LexisNexis® Legal & Professional provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis®and Nexis®services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.

 

About Law360
Law360, a LexisNexis company, delivers breaking legal news and in-depth analysis on the business and practice of law. Law360 combines award-winning journalism with cutting-edge technology to report on the fast-moving issues, trends, and developments our readers require to stay current and competitive, including up-to-the-minute coverage of litigation, regulation and enforcement, legislation, executive orders, administrative hearings, corporate deal-making, and more, across all major practice areas, industries and jurisdictions. Visit www.law360.com to find out what more than 2 million readers at top law firms, Fortune 1000 companies, and key government agencies already know.

 

About MLex

MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis on legal and regulatory risk across the globe. Investigative journalists provide exclusive reporting on probes, policy and enforcement trends, litigation and legislative developments across key areas of regulatory risk: Antitrust, M&A, Data Privacy & Security, Financial Crime, Trade, State Aid and Sector Regulation. Trusted by top law firms, corporate counsel and the public sector, our coverage empowers our customers to respond first to changes in the regulatory landscape, navigating risks and leveraging opportunities for their business or clients.  Visit https://mlexmarketinsight.com to find out more.

 

Media Contacts

Dana Greenstein
Director, Corporate Communications
LexisNexis Legal & Professional
212-448-2163
dana.greenstein@lexisnexis.com

Eric Sokolsky
Plat4orm PR
908-288-7201
eric@plat4orm.com

Click Here to Visit Our Website

Lexis+ Earns SIIA CODiE Award for Best Artificial Intelligence-Enabled Content Solution

Posted on by Operations Team

NEW YORK – LexisNexis® Legal & Professional, a leading global provider of information and analytics, today announced that Lexis+, has been named the Best Artificial Intelligence-Enabled Content Solution of 2022 as part of the annual SIIA CODiE Awards. The CODiE Awards recognize the companies producing the most innovative business technology products across the country, and around the world.

Lexis+ is a feature-rich, premium legal solution that integrates advanced research, practical guidance, litigation analytics, brief analysis, legal news and enhanced tools with a modern user experience to deliver greater efficiency and better outcomes.

“This award underscores our commitment to providing an intuitive, all-in-one legal experience based directly on customer feedback,” said Sean Fitzpatrick, CEO, LexisNexis North America, UK & Ireland. “Lexis+ delivers data-driven insights in an easy-to-use ecosystem, resulting in improved productivity, refined attorney workflows and enhanced ability to deliver timely and strategic counsel.”

Lexis+ leverages artificial intelligence developed by the company’s Lexis Labs team. Highly tuned machine learning models for legal use cases power technology-aided insights for lawyers in features like Lexis Answers and Brief Analysis.

“Our deployment of AI technology ensures that our users can be confident that they have thoroughly analyzed a legal issue,” said Jeff Pfeifer, Chief Product Officer, LexisNexis North America, UK & Ireland. “By combining world-class content with the latest in machine learning, lawyers find answers to legal questions faster and with greater confidence that they haven’t missed the proverbial needle in the haystack.”

“Even during these tumultuous times, business application, software, service and product providers continued the industry’s long tradition of developing and marketing innovative solutions to meet business needs,” said SIIA President Jeff Joseph. “We are proud to recognize this year’s class of CODiE Award winners. They truly represent the best of the best in a highly-competitive and ever-evolving market.”

Acknowledged as the premier awards program for the software and information industries for over 35 years, the SIIA CODiE Awards are produced by the Software & Information Industry Association (SIIA), the principal trade association for the software, education, media and digital content industries. Lexis+ was honored as one of 46 winners across the 45 business technology categories, including seven leadership categories recognizing outstanding companies, individuals and teams.

To view the full list of this year’s CODiE Award winners, go to siia.net/codie/business-technology-winners.

For more information on Lexis+ features and pricing, please visit www.lexisnexis.com/en-us/home.page.


About the SIIA CODiE™ Awards

The SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology’s finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence.  For more information, visit siia.net/CODiE.


About LexisNexis Legal & Professional

LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.

 

Media Contacts

Dana Greenstein
Director, Corporate Communications
LexisNexis Legal & Professional
212-448-2163
dana.greenstein@lexisnexis.com

Eric Sokolsky
Plat4orm PR
908-288-7201
eric@plat4orm.com

Click Here to Visit Our Website