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AI — artificial intelligence — and its relatives: digital research engines, “bots” and other automatons, have made their beachhead in the legal profession, and it really looks like this is gonna change everything.
Yeah, yeah, we know this isn't the first time we and other pundits have predicted that sudden and/or overwhelming forces or technologies — outsourcing, offshoring, legal project management, alternative fee arrangements, expert systems, for example — would demolish the legal profession's historical foundations and fundamentally alter its face, processes and economics. So far, however, the waves from all these tsunamis have only come up to our ankles. For most lawyers, it's business as usual.
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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?
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 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.
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