You’ve heard of the Summer of Love. Well, this year it’s the Summer of Lucre. Law firms, awash in deal work, are showering cash and benefits on associates, who suddenly can write their own tickets. This recently prompted a recruiter, Princeton Legal Search Group, to ask an obvious question: What impact is the war for talent having on in-house recruiting?
Continue Reading The Summer of Lucre
Brendan Miller, legal operations advisor for practice innovation, and Troy Zander and Jordan Carr, partners with Barnes & Thornburg, discuss the typical process of drafting transactional documents and how new software tools can provide more predictability, greater efficiency, and other benefits – for clients and lawyers alike.
Continue Reading Transactional Document Drafting Receives a Tech Upgrade
In a piece from The Lawyer, Katy Dowell pulled together an interesting analysis of the Big Four’s focus on law. While we have not seen seismic shifts arising from the granting of ABS licenses to three of the Big Four in 2014 (Deloitte came later in 2018), we are seeing a steady and burgeoning growth in market share. And this land grab seems to be far enough below the radar that its victims, big law firms, have not recognized or reacted to the threat.
Continue Reading The Big 4 (Quietly) Grabs Market Share
In this piece from Princeton Legal Search Group, the focus shifts from the eye-popping salaries we read about every day – Milbank raises first-year associates to $200K and eighth-year associates to $355K and Davis Polk ups the ante to $205K/$365K – to why. According to the folks at Princeton, the question is whether top compensation is enough. Is money enough to buy associate happiness and loyalty? Not necessarily, they conclude.
Continue Reading Is BIG Money BIG Enough?
Cryptocurrency assets now top $1.5 trillion globally, attracting a wave of cyber crime.
Continue Reading Cyberattacks on Cryptocurrency Assets: Risk Mitigation and Insurance Coverage
In this piece at Bloomberg Law, Paula Hogéus, leader of the EY Global Labor & Employment Law team, and Nicholas Bruch, leader of the EY Global Tax and Legal Analyst team, cites new data from a pair of EY surveys that suggest many concerns about remote work were premature.
Continue Reading Corporate Counsel: We Want More Flexibility!
“Last week, SEC Chair Gary Gensler gave a speech at a celebration for National Whistleblower Day, which commemorates the first U.S. whistleblower law that was passed unanimously on July 30, 1778,” writes David Lynn at TheCorporatCounsel.net, who explains that the law passed after 10 whistleblowers reported wrongdoing by a superior officer in the Continental Navy.
Continue Reading Happy Whistleblower Day!
Ron Carey, chief revenue officer with Esquire Deposition Solutions, discusses the use of remote deposition technology, how the COVID-19 pandemic supercharged the trend, and why it’s here to stay.
Continue Reading Remote Depositions Bring Greater Efficiency to Litigation
In this piece from Ross Booher and Tim Haley of Latitude, which provides talent to law firms and legal departments for interim roles such as secondments, despite the generally favorable view of secondments, the reality often is quite different.
Continue Reading The Secondment Trap: A Costly Approach to Free Labor
Joseph Polizzotto, senior vice president, strategy & client services, and Danielle Noonan, associate vice president, legal solutions, with QuisLex, explore how developing deeper, more mature relationships with ALSPs allow in-house legal teams to build a “centralized hub of standard controls, processes and institutional knowledge that provide a beacon of consistency and stability over long periods of time and across all departments of an organization.”
Continue Reading ALSPs Can Calm the Churning E-Discovery Sea