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A Value Proposition Aided by Technology
While technology, data and the resulting “insights” are at the core of any successful client-law firm relationship, perhaps the real underlying factors for success are communication, collaboration and trust. The question for many legal professionals remains which comes first, the technology or the trust? The technology provides the necessary infrastructure and establishes a common data set for both client and firm. Although the client might be using the data for budgeting and forecasting, the law firm might be using the same intelligence for performance metrics and cost-per-case. Nevertheless, the two entities are sharing a common point of reference. But it is what you do with that common point of reference that truly defines a successful relationship between client and firm.
A relationship based on open communication, collaboration, sharing, common access to data and intelligence, and a compensation model of shared risk might seem unattainable, but it's become a reality for Tucker Ellis LLP and Rockwell Automation. Industrial automation giant Rockwell Automation managed to establish a unique, trusted and transparent partnership with its outside national counsel, Tucker Ellis LLP.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Protecting Innovation in the Cyber World from Patent Trolls
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.