Retiring Boomers Pose Big Challenges For Firms
November 01, 2016
The boomer generation — 75 million Americans born between 1946 and 1964 — and a tiny cadre of over-70s Silent Generation lawyers currently make up just under half of partners at Am Law 200 firms. As partners with the greatest seniority, they constitute a majority in the equity and management ranks, and control an outsize share of client relationships. The impacts of retirement are amplified because a long surge in hiring and promotion that began when boomers entered law firms has halted since the financial crisis.
Law Firms, Meet Your New Regulator: Your Clients
November 01, 2016
While major banks, retailers, hospitals and insurance companies were the brick and mortar of a growing media monument to hubris and cyber overconfidence, law firm breaches went mostly unnoticed. That is, until government agencies and law enforcement grew concerned that the wealth of intellectual property curated by law firms could be used to manipulate financial markets by front running trades.
Client Document Security Audits: Is Your Law Firm Ready?
November 01, 2016
It is essential for all law firms to safeguard their clients' documents against ever-evolving threats and thoroughly understand the security challenges and potential solutions in today's demanding world of legal document compliance.
Optional Safety Equipment
November 01, 2016
<b><i>Part Two of a Two-Part Article</b></i><p><p>In last month's newsletter, the author began a discussion of the manufacturer practice of making increased safety features available to purchasers — but only for a price. The discussion concludes herein.
Legal Tech: e-Discovery: Judge Says 'NO' to Party's Bid to Force Use of Predictive Coding
November 01, 2016
Would Judge Peck's admiration and advocacy for predictive coding lead him, upon a request by the opposing party, to force a responding party to use it against that party's own wishes? Judge Peck recently faced this issue, putting potential use of predictive coding at odds with established precedent and procedure regarding how to conduct discovery.