Jeffrey Solomon of ELM Solutions explains how well-deployed data analytics can help in-house counsel better serve their companies by managing matters more strategically. Continue Reading Data Analytics Drive Value for Corporate Law Departments
‘Tis the season when top in-house legal officers get a taste of what outside counsel go through every year when the Am Law 100 is published. There it is for all the world to see: “What’s in your wallet?” That’s because summer is the season when ALM, publisher of The American Lawyer, and the Association of Corporate Counsel drop their annual compensation reports on inside and outside counsel. Continue Reading $how Me the Money!
All this talk of in-house megabucks brings to mind the plight of Stephen R. Williams. Williams works in-house – and all hours – with a multi-facility hospital network in the Midwest. He also writes a column, in what little spare time he has, for Above the Law. This summer, Williams let off a little steam in a nifty rant about comp – his comp – which is in white-shoe territory – assuming those shoes are on the feet of a hospital orderly. Continue Reading Flipping Out: The $15/hour, 24/7/365 Corporate Counsel
At an ACC-hosted forum in Paris, Jean-Claude Beaujour, a partner with Paris-based law firm Smith d’Oria, and Veta T. Richardson, ACC president and CEO, discuss how law departments can provide and showcase the value they bring to the business. Continue Reading Today’s In-House Lawyer Has More Tools Than Ever
The Corporate Legal Operations Consortium (CLOC) conducts a number of initiatives focused on pursuing solutions for key issues affecting legal departments. One of these is the Legal Project Management (LPM) initiative.
Given the profound changes roiling the market for corporate legal services, it can be tough to tell just what makes today’s in-house law department tick. The agenda for CLOC’s Annual Corporate Legal Operations Institute, dissected in this infographic from Corporate Counsel Business Journal, isn’t a bad place to start. Continue Reading CLOC Agendalytics
CCBJ: Akin Gump has been recognized by the Financial Times for its work in compliance and technology. What led to that recognition?
Thomas McCarthy: Beginning over a decade ago, there was an upswing in enforcement trends by the U.S. government in areas that affected our clients – particularly export controls, sanctions and anticorruption. Continue Reading Stepping Up Service with Customized Tech Tools for Compliance & Investigations
An annotated review of Information Governance Insights columns from 2017
The scope of corporate counsel duties has changed rather rapidly and drastically in the past decade. As companies have quickly begun to digitalize nearly every aspect of their operations, digital information has become the lifeblood and primary asset of nearly all business, in every industry, in every sector. Whether a company makes or sells widgets, transports goods or people, facilitates markets or financial transactions, or provides services of any sort, in the past few years it has also become an information business. The volume of digital information flowing through companies has also grown exponentially in this same short period. Continue Reading Information Governance Insights: Taking Control of the Data Mountains
There is an undisputable tension in the legal ecosystem. How do you explain it? Is it a natural tension that flares up every other decade? Is this the last industry to finally embrace technology? Is it a perfectly normal cycle that occurs from a macroeconomic perspective when innovation forces change? Or a combination of them all? There is obvious change evident in the pace of legal technology advancements, but that is only one part of the broader ecosystem. Here’s where that evolution is happening.
For the first time in some years, law departments are anticipating bigger budgets, and they plan to put that money to work in-house. That’s bad news for outside counsel, who continue to sit squarely in the crosshairs of spend-conscious general counsel and their ops squads, who, despite their growing budgets, plan to cut outside counsel’s share from 40% to 36%. Continue Reading Cost Control Is Job 1