Back to Mill? Behavioral Welfare Economics
Cass R. Sunstein, SSRN
A growing body of normative work, going under the name of “behavioral welfare economics,” explores how deference to people’s choices might be reconciled with behavioral findings about human error. This work has strong implications for economic analysis of law, cost-benefit analysis, and regulatory policy. The best approach adopts a working presumption in favor of respect for those choices, but only so long as they are adequately informed and sufficiently free from behavioral biases. That presumption...

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Implications of COVID-19 on the Legal Sector
Stuart Fuller, KPMG Blog
The legal industry, and the legal function within many businesses, is at an early stage of transformation. The impact of Covid-19 on business will change this. It will show that a business needs to be able to assess its legal obligations and exposures, and strategically align technology, systems and processes to enable simple things like finding and analyzing legal contracts quickly and efficiently, rather than relying on the human capital of its internal or external lawyers. It will help drive...

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2020 Legal Analytics Study
Paul L. Caron, TaxProfBlog
ALM Intelligence & LexisNexis,  2020 Legal Analytics Study: Bringing Value into Focus: The 2020 Legal Analytics Study, conducted by ALM Intelligence in collaboration with LexisNexis, reveals a tipping point in the adoption of legal analytics among large law firm legal professionals. The study gathers insights from 163 large law firm professionals to gain an understanding of the adoption, application and value of legal analytics. Key findings from the survey study include: 74% say legal...

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