Decisional errors are costly. Drawing on law, behavioral economics, psychology, and historical data, including a one-of-a-kind offer pattern database, we will explore ways to reduce impasse. We’ll graph specific negotiations and watch as the parties fall into predictable patterns – including the cognitive biases that make negotiations interesting. That data will provide the grist for group discussion and forming tools mediators can use to reduce impasse immediately.
SABA Brown...
PwC has launched a new flexible lawyering service as part of its ‘New Law’ offering for large in-house legal teams.
The new service, dubbed Flexible Legal Resources, will help clients with their staffing needs by providing temporary lawyers for in-house teams during abnormal spikes in workload.
Flexible Legal Resources is part of PwC’s New Law offering, which aims to help large in-house legal teams work more efficiently, with a particular focus on effective use of technology.
Technology
Like other corporate functions, such as human resources and finance, legal departments are already experiencing technology disruption. The “three A’s” listed below are just a few technology disrupters that will likely shape the legal department of the future.
Automation continues to be a major driver that’s affecting workflow. In addition to automating routine processes and digitizing documentations in such areas as e-billing, technology will allow legal departments to perform...
The recovery from the crisis of 2008 has been one of the weakest on record, but never in postwar history has so little growth created so many jobs. The unemployment rate in the developed world is down to 5.5 percent and approaching a 40-year low. This flies in the face of all the dire warnings about a “jobless future.”
The pessimist’s basic mistake is to focus too much on what is lost to competition and technology, and too little on what is gained. Over the past 25 years, as McKinsey...
Silicon Valley celebrates artificial intelligence and robotics as fields that have the power to improve people’s lives, through inventions like driverless cars and robot carers for the elderly.
That message isn’t getting through to the rest of the country, where more than 70% of Americans express wariness or concern about a world where machines perform many of the tasks done by humans, according to Pew Research.
A slim majority of Americans (54%) express more worry than enthusiasm...
After years of ‘Moneyball’-style quantitative analysis, major-league teams are setting records for inactivity
The use of analytics, which has increased dramatically since the early 2000s, is one of baseball’s most acclaimed developments. Team front offices, once the domain of ex-players, are more commonly staffed with Ivy League graduates. Data science has become an integral part of many teams’ decision-making. Top executives have landed seats on corporate boards and given paid speeches...
It’s about the shape and size of an almond, nearly as old as the dinosaurs, to whose reptilian brains it bears a considerable resemblance. When you’re walking home late at night, it’s shouting out to you, bogging you down with panic as you navigate your way in the dark, ready to jump at every corner at whatever or whoever might be hiding there. It’s there again when you’ve had it with your significant other and the wet towels they’ve left carelessly on the floor, or when you need that...