Features
Three-Way Stop: Project Management, Technology and Process Improvement
Legal Project Management has seen an explosion of interest from the legal industry in recent years. It has been touted as the key to efficient legal work and a cure-all for the woes of fixed fees, fee caps, and lawyers who blow budgets. But what are the drawbacks?
Features
Cybersecurity Beyond Traditional Risk Management
At a recent CIO panel, an audience member asked the three of us on stage: "What do you see as your number one priority in the coming 12 months?" I responded "cybersecurity" without hesitation. The panelist that followed said that cybersecurity was a priority, but that it is a subset of risk management. This was not the first time I have heard the chief information pro and/or technologist in a large company make that point, and I have to respectfully disagree.
Features
<b><i>At the Intersection:</i></b> Collaboration: What Lawyers Can Learn from Google
These days, productive lawyering, successful onboarding of lateral hires, and effective Legal Project Management (LPM) all place a huge premium on effective collaboration. But lawyers are neither naturally collaborative nor comfortable as team players.
Features
Demand Is Down, So Why Are Billing Rates on the Rise?
Contradicting the ordinary rules of supply and demand, law firms have continued to jack up hourly fees faster than flat demand and a projected 1.7% annual inflation rate would suggest.
Features
U.S. Firms Expand into Latin America at a Record Pace
Recent data reveals that Latin America is the fastest-growing emerging market for Am Law 200 firms. The reason for U.S. firms' growing interest in the region is clear: Many Latin American economies boast above-average GDP growth and strong economic ties to the U.S. and Europe.
Features
Three-Way Stop: Project Management, Technology and Process Improvement
Legal Project Management has seen an explosion of interest from the legal industry in recent years. It has been touted as the key to efficient legal work and a cure-all for the woes of fixed fees, fee caps, and lawyers who blow budgets. But there are drawbacks.
Features
Money Laundering Case Puts Spotlight On Law Firms' Use of Trust Accounts
A $3.5 billion asset forfeiture case that the DOJ brought in July grabbed the public's attention for the alleged purchases involved: a luxury jet, a Beverly Hills mansion, Las Vegas casino junkets and a stake in the Leonardo DiCaprio movie <i>The Wolf of Wall Street.</i> But for experts in how law firms handle client funds, another detail in the case may merit special scrutiny.
Features
<b><i> Law Firm CI:</i></b> Inspiring Change
Law firm CI, in practice, can have a powerful impact even if it is not being used to improve management decisions. Despite criticisms, here is why it works.
Features
Partners Approaching Retirement: Transitioning Their Clients and Setting Their Compensation
While most firms like to consider clients to be those of the firm and not of any particular attorney within the firm, it is generally acknowledged that specific attorneys are responsible for developing, nurturing and maintaining the firm's relationship with each of its clients. This article describes a common procedure that may act as a guide to transitioning clients during a partner's pre-retirement years.
Features
Entertainment Industry Average GC Cash Salary Dominates Top Tier
In 2016, according to ALM Legal Intelligence's list of the top 100 highest paid general counsel at major corporations, two of the top five hail from the entertainment industry. This continues a trend over the last four years whereby entertainment industry general counsel have found themselves at or near the top of the list when examined by multiple measures.
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