When choosing outside firms to handle legal matters, a new survey indicates corporate law departments are not necessarily knocking on the doors of the largest 50 U.S. law firms, instead going to those that are a somewhat smaller—but still “large enough.”
The “CounselLink Enterprise Legal Management Trends Report,”conducted by LexisNexis division CounselLink, looked at data collected from more than two million legal invoices, covering 300,000 matters. The report concluded that corporate...
New York Attorney General Eric Schneiderman reiterated, on Monday, his commitment to pressuring smartphone manufacturers to install kill switches that can remotely disable smartphones in an effort to make them worthless to thieves and black market smartphone resellers.
Standing alongside New York City Public Advocate Bill de Blasio at a press conference in the New York Attorney General's office in New York City, Schneiderman stated, in no uncertain terms, that adopting an industry-wide kill...
Non-practicing entity (NPE) lawsuits are an increasing expense for companies. While these lawsuits are often not “bet the company,” they can be expensive. Given that the apparent goal of most NPE lawsuits is an early settlement, part of the job of minimizing costs is already done for the company.
But the cost-benefit analysis of early settlement is complicated. On the one hand, patent infringement suits are costly and settling early for less than the cost of litigation may be appealing. On the other...
Document review often accounts for 60 percent or more of the cost of litigation. And although the size and nature of document reviews can vary, the basic goal is to identify documents that meet predefined criteria as specified in a document request. That said, document review needn’t be just a “cost of doing business” in discovery; instead, a well-devised and managed review can be a tool that furthers case strategy. Good processes, training, team management, and the right mix of people and technology...
One of the financiers of an environmental lawsuit that led to a $19 billion verdict against Chevron Corp. in Ecuador told a judge that he came to regret funding the case once after learning that it may be a fraud.
Burford Capital LLC Chief Executive Officer Christopher Bogart told a Manhattan federal judge yesterday that his firm, which he described as the world’s largest dedicated litigation financing provider, supplied $4 million to the Ecuadorean plaintiffs and later sold the share when...
Google Glass is a key technology in the Internet services giant's plan to break data away from computers and portable devices, such as phones and tablets, and place information directly in front of users' eyes. Comprising a camera, microphone, display, touch-pad, and battery, all integrated into spectacle frames, Google Glass aims to help users view and share information, conduct searches, record video, and take pictures on the go.
Months before the product's release (likely in the first half...
Present day commentators, as a rule, have nothing but wonderful things to say about U.K.-based Richard Susskind, whose most recent book is Tomorrow’s Lawyers.
We thought it would be fun to take a look backward at Susskind’s earliest book, The Future of Law (1998 – revised in paperback from the 1995 edition). We do so fondly — his predictions were made a long time ago — and we ourselves have eaten so much liberally-salted crow pie with respect to our own predictions that we have practically...