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The End of the World or a Brave New One?
The past two years have been a truly remarkable time for the legal profession. Events (common in private industry for decades) such as layoffs, office closings, and reductions in profits have occurred if not for the first time, then certainly more frequently than ever before.
In the United States, there is a Web site (lawshucks.com) that tracks and graphs monthly layoffs of partners, associates, and administrative staff in the Am Law 200. As of March 2010, LawShucks' layoff count, which started in January 2008, was approaching 6,000 attorneys and approximately 9,000 administrative staff.
Several firms went bust in 2009: Heller Ehrman, Thacher Proffitt and Thelen, to mention the most obvious ones. Others have either merged or considered a merger as a way to address the economic downturn. The overall 2009 Am Law results for calendar 2008 were mixed. While gross revenue for the top 100 firms grew by 4.1%, their profits fell by 4.3%. The 2010 results, which reflect what happened in 2009, have just been published, and they are mixed. While overall AmLaw 100 revenue is down and profits per partner (“PPP”) are flat, there are some bright spots and encouraging signs among the reporting firms.
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Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
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How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.