Blog Archives
Are Rainmakers a Breed Apart?
March 17, 2014
What makes rainmakers different? What do they have that other lawyers don't? The easy answer: They have clients. But, as a developing body of research is showing, they also have tendencies that make business development come as naturally to them as, say, being critical does to their partners. The latest report comes from Lawyer Metrics, an analytics company founded by William Henderson, the Indiana University law professor. Called simply "The Rainmaking Study," it's an effort to identify client-magnet...
March 17, 2014
What makes rainmakers different? What do they have that other lawyers don't? The easy answer: They have clients. But, as a developing body of research is showing, they also have tendencies that make business development come as naturally to them as, say, being critical does to their partners. The latest report comes from Lawyer Metrics, an analytics company founded by William Henderson, the Indiana University law professor. Called simply "The Rainmaking Study," it's an effort to identify client-magnet...
Companies Make Room for General Counsel Turnover
March 17, 2014
This new breed of general counsel tends to be more accustomed to working in the modern law department—where budgets are often constrained and departments must do more with less, according to Rynowecer. This means being “better organized to better support the business units” and taking plenty of initiative to raise issues with management in order to add more value. One of the significant consequences of the law department shake-up is that some firms may have to start watching their back....
March 17, 2014
This new breed of general counsel tends to be more accustomed to working in the modern law department—where budgets are often constrained and departments must do more with less, according to Rynowecer. This means being “better organized to better support the business units” and taking plenty of initiative to raise issues with management in order to add more value. One of the significant consequences of the law department shake-up is that some firms may have to start watching their back....
ESPN: Enough Already With Win Probabilities
March 16, 2014
Watching ESPN’s college basketball coverage this season has made me feel like I’m back in high school algebra class with all its mind-numbing probabilities of victory. Look, I get it. We’re in the Golden Age of statistics in sports. It was started by baseball’s Sabermetrics and now intense statistical analysis has spread to football and basketball as well. And with the recent hiring of Nate Silver of The New York Times, ESPN is going to focus even more on analytics. I certainly don’t...
March 16, 2014
Watching ESPN’s college basketball coverage this season has made me feel like I’m back in high school algebra class with all its mind-numbing probabilities of victory. Look, I get it. We’re in the Golden Age of statistics in sports. It was started by baseball’s Sabermetrics and now intense statistical analysis has spread to football and basketball as well. And with the recent hiring of Nate Silver of The New York Times, ESPN is going to focus even more on analytics. I certainly don’t...
Can Big Data Help Nate Silver Reinvent Journalism? #SXSW
March 16, 2014
Big Data Rock Star For those who don’t know, Nate Silver is is quite possibly the Andy Warhol that big data has been looking for. Silver emerged from obscurity when he created the Player Empirical Comparison and Optimization Test Algorithm (PECOTA), which is used for evaluating and forecasting the development of baseball players. He later sold it to Baseball Prospectus. Not satisfied with a sports exclusive lens, Silver set his sights on politics and proceeded to rewrite the rules of the narrative...
March 16, 2014
Big Data Rock Star For those who don’t know, Nate Silver is is quite possibly the Andy Warhol that big data has been looking for. Silver emerged from obscurity when he created the Player Empirical Comparison and Optimization Test Algorithm (PECOTA), which is used for evaluating and forecasting the development of baseball players. He later sold it to Baseball Prospectus. Not satisfied with a sports exclusive lens, Silver set his sights on politics and proceeded to rewrite the rules of the narrative...
Legal Media App to Share Email, Encourage Content Sharing
March 16, 2014
There are apps for everything these days, but not that many cater to attorneys. Now a legal social media expert has designed a new sharing and analytics tool for law firms. Adrian Dayton is set to launch ClearView Social in April. The weekly columnist for The National Law Journal says the application makes it easier for attorneys to share content with their professional networks through LinkedIn, Twitter and other platforms.
March 16, 2014
There are apps for everything these days, but not that many cater to attorneys. Now a legal social media expert has designed a new sharing and analytics tool for law firms. Adrian Dayton is set to launch ClearView Social in April. The weekly columnist for The National Law Journal says the application makes it easier for attorneys to share content with their professional networks through LinkedIn, Twitter and other platforms.
PTO Makes a Home Where the Patents Are
March 16, 2014
The U.S. Patent and Trademark Office is finally establishing a permanent home for a Silicon Valley satellite office, and the region's patent attorneys are elated. "It's a big deal," says Doug Luftman, vice president of innovation services and chief intellectual property counsel for the storage and data management company NetApp Inc. "It's about time," adds Karineh Khachatourian, the managing partner of Duane Morris' Silicon Valley office. There is no note of sarcasm—no tinge of cynicism—in...
March 16, 2014
The U.S. Patent and Trademark Office is finally establishing a permanent home for a Silicon Valley satellite office, and the region's patent attorneys are elated. "It's a big deal," says Doug Luftman, vice president of innovation services and chief intellectual property counsel for the storage and data management company NetApp Inc. "It's about time," adds Karineh Khachatourian, the managing partner of Duane Morris' Silicon Valley office. There is no note of sarcasm—no tinge of cynicism—in...
Technology is Bringing Legal Advice, Documents to the Masses
March 16, 2014
Joey Mucha used to seal a business deal with a handshake or an email. Now he whips out his smartphone. The San Francisco entrepreneur runs a side business renting out skee ball machines. With the company growing steadily, Mucha decided last year he needed to use contracts to protect his clients and the business. But he didn’t go to a pricey lawyer. Instead, the 27-year-old downloaded a smartphone application called Shake. It guided him through the process of creating easy-to-read...
March 16, 2014
Joey Mucha used to seal a business deal with a handshake or an email. Now he whips out his smartphone. The San Francisco entrepreneur runs a side business renting out skee ball machines. With the company growing steadily, Mucha decided last year he needed to use contracts to protect his clients and the business. But he didn’t go to a pricey lawyer. Instead, the 27-year-old downloaded a smartphone application called Shake. It guided him through the process of creating easy-to-read...
Lawyers Are Out, Tech Is In
March 15, 2014
Computers and applications are replacing the mahogany desks of law firms, according to Shan Li in the Los Angeles Times who reports that technology is “creeping ever faster into the $200-billion U.S. legal field.” * * * Li says these companies focus on the legal services consumers who can’t afford the price of big law firms, but still comprise a $45 billion latent market. “Once ignored by the legal industry, they are now targeted by a growing number of start-ups eager to roll out innovations...
March 15, 2014
Computers and applications are replacing the mahogany desks of law firms, according to Shan Li in the Los Angeles Times who reports that technology is “creeping ever faster into the $200-billion U.S. legal field.” * * * Li says these companies focus on the legal services consumers who can’t afford the price of big law firms, but still comprise a $45 billion latent market. “Once ignored by the legal industry, they are now targeted by a growing number of start-ups eager to roll out innovations...
Predictive Coding Is So Yesterday
March 15, 2014
Computational linguistics and data mining are among the tools that will drive e-discovery in coming years. * * * The Future of Predictive Coding Technology-assisted review tools of the future will analyze ESI using computational linguistics without any user input to analyze ESI content, far beyond keywords, key phrases, or training sets of ESI documents subject to human error. Content analysis will allow powerful categorization of ESI based on data mining and language translation techniques. Once...
March 15, 2014
Computational linguistics and data mining are among the tools that will drive e-discovery in coming years. * * * The Future of Predictive Coding Technology-assisted review tools of the future will analyze ESI using computational linguistics without any user input to analyze ESI content, far beyond keywords, key phrases, or training sets of ESI documents subject to human error. Content analysis will allow powerful categorization of ESI based on data mining and language translation techniques. Once...
Seal Software Unveils Contract Analytics
March 15, 2014
Seal Software, a provider of contract life-cycle management software, announced today the availability of Contract Analytics, the next generation of its contract discovery and analysis software. The new software is designed to discover, extract and analyze contract data to give corporations greater visibility and control of their contracts. Seal software searches a corporate network to discover contracts in file types ranging from GIF and TIFF to Microsoft Word. It then creates searchable PDF files...
March 15, 2014
Seal Software, a provider of contract life-cycle management software, announced today the availability of Contract Analytics, the next generation of its contract discovery and analysis software. The new software is designed to discover, extract and analyze contract data to give corporations greater visibility and control of their contracts. Seal software searches a corporate network to discover contracts in file types ranging from GIF and TIFF to Microsoft Word. It then creates searchable PDF files...
