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The ABA’s Proposed 75% Bar Passage Rule And The Coming Legal Job Destruction Caused By Artificial Intelligence
December 30, 2016
The issue of ABA law school accreditation and the passage rates achieved by law schools is obviously quite volatile. The arguments pro and con the proposed ABA rule on accreditation and the need for law schools to achieve a 75% bar passage rate over a two year period contain hidden agendas that involve preset political positions and the self interest of a variety of groups, including the ABA, HBCU’s and law teachers who are already threatened by sharply falling enrollments. I have tried to stay...
December 30, 2016
The issue of ABA law school accreditation and the passage rates achieved by law schools is obviously quite volatile. The arguments pro and con the proposed ABA rule on accreditation and the need for law schools to achieve a 75% bar passage rate over a two year period contain hidden agendas that involve preset political positions and the self interest of a variety of groups, including the ABA, HBCU’s and law teachers who are already threatened by sharply falling enrollments. I have tried to stay...
Taylor Wessing Joins With France’s Predictice to Calculate Litigation Outcomes
December 26, 2016
Today seems to be a very French day for legal tech news. Here is a second story about French legal tech in the shape of Predictice, which is a French start-up working in the field of litigation analytics and case outcome prediction. Predictice has teamed up with the Paris office of UK law firm, Taylor Wessing, to explore what the legal tech company’s software can do, which has several aspects to it, such as intelligent search of case law and the utilisation of machine learning. However, probably...
December 26, 2016
Today seems to be a very French day for legal tech news. Here is a second story about French legal tech in the shape of Predictice, which is a French start-up working in the field of litigation analytics and case outcome prediction. Predictice has teamed up with the Paris office of UK law firm, Taylor Wessing, to explore what the legal tech company’s software can do, which has several aspects to it, such as intelligent search of case law and the utilisation of machine learning. However, probably...
The Death of the Billable Hour Has Been Greatly Exaggerated
December 26, 2016
The billable hour is very much alive and well according to a new study by legal consultant The Blickstein Group Inc. which conducted a survey of more than 100 law department representations and found that the billable hour is still the most prevalent billing arrangement compared to alternative fee arrangements ("AFAs"). Corporate Counsel has more details. The Billable Hour Just Won't Die, Report Finds While alternative fee arrangements are gaining popularity, data recently collected...
December 26, 2016
The billable hour is very much alive and well according to a new study by legal consultant The Blickstein Group Inc. which conducted a survey of more than 100 law department representations and found that the billable hour is still the most prevalent billing arrangement compared to alternative fee arrangements ("AFAs"). Corporate Counsel has more details. The Billable Hour Just Won't Die, Report Finds While alternative fee arrangements are gaining popularity, data recently collected...
Medical Malpractice Litigation and the Market for Plaintiff-Side Representation: Evidence from Illinois
December 12, 2016
How concentrated is the market for medical malpractice (med mal) legal representation? Do successful plaintiffs’ lawyers start off with better cases to begin with, do they add more value to the cases they handle, or both? How do top plaintiffs’ lawyers market their services, and where did they go to school? How large are the “wages of risk”—the compensation to plaintiffs’ lawyers for working on contingency? How often do plaintiffs proceed pro se, and with what results? We address these...
December 12, 2016
How concentrated is the market for medical malpractice (med mal) legal representation? Do successful plaintiffs’ lawyers start off with better cases to begin with, do they add more value to the cases they handle, or both? How do top plaintiffs’ lawyers market their services, and where did they go to school? How large are the “wages of risk”—the compensation to plaintiffs’ lawyers for working on contingency? How often do plaintiffs proceed pro se, and with what results? We address these...
IPO Funds Continue To Fuel Massive Growth At Publicly Listed U.K. Law Firm
December 8, 2016
The U.K.’s first publicly listed law firm continues to power ahead, with Gateley announcing that its revenue increased 19 percent and its pre-tax profit soared 44 percent in the first half of the current fiscal year. The firm has been on a sustained expansion drive since raising $45 million in an initial public offering in June 2015, which valued the firm at more than $150 million. Gateley launched a new office in Reading, a large town to the west of London that it says is of growing importance...
December 8, 2016
The U.K.’s first publicly listed law firm continues to power ahead, with Gateley announcing that its revenue increased 19 percent and its pre-tax profit soared 44 percent in the first half of the current fiscal year. The firm has been on a sustained expansion drive since raising $45 million in an initial public offering in June 2015, which valued the firm at more than $150 million. Gateley launched a new office in Reading, a large town to the west of London that it says is of growing importance...
Nextlaw Labs Invests in On Demand Legal Company ‘Hire an Esquire’
December 4, 2016
Nextlaw Labs, the legal tech innovation platform of global law firm Dentons, has expanded its portfolio today with an investment...
December 4, 2016
Nextlaw Labs, the legal tech innovation platform of global law firm Dentons, has expanded its portfolio today with an investment...
LinkedIn Engagement on the Rise for Lawyers
December 3, 2016
The amount of engagement on LinkedIn is on the rise. More comments and likes on posts, more requests to connect and more messages exchanged between connections. This is all good for lawyers. LinkedIn’s been a “safer” and more “understandable” social network for lawyers and law firms than Facebook and Twitter. Rather than trying to figure out offline who to meet and how to meet them, lawyers are meeting people and building relationships from their desktop or iPhone.
December 3, 2016
The amount of engagement on LinkedIn is on the rise. More comments and likes on posts, more requests to connect and more messages exchanged between connections. This is all good for lawyers. LinkedIn’s been a “safer” and more “understandable” social network for lawyers and law firms than Facebook and Twitter. Rather than trying to figure out offline who to meet and how to meet them, lawyers are meeting people and building relationships from their desktop or iPhone.
Israel: Legal Tech in the Start-up Nation
November 20, 2016
That is part of the reason why the inevitable change is coming strongly to Israel now. In a competitive market like the Israeli...
November 20, 2016
That is part of the reason why the inevitable change is coming strongly to Israel now. In a competitive market like the Israeli...
Has Lawyer Blogging Plateaued? ABA Tech Survey Suggests So
November 19, 2016
The number of law firms with blogs has plateaued, neither growing nor dropping for four years straight, according to the 2016 Legal Technology Survey Report recently published by the American Bar Association’s Legal Technology Resource Center. The survey found that 26 percent of firms have blogs. That number has remained effectively unchanged for 2016, 2015, 2014 and 2013. The larger the firm, the more likely it is to have a blog. Among firms of 500 or more attorneys, 60 percent have blogs,...
November 19, 2016
The number of law firms with blogs has plateaued, neither growing nor dropping for four years straight, according to the 2016 Legal Technology Survey Report recently published by the American Bar Association’s Legal Technology Resource Center. The survey found that 26 percent of firms have blogs. That number has remained effectively unchanged for 2016, 2015, 2014 and 2013. The larger the firm, the more likely it is to have a blog. Among firms of 500 or more attorneys, 60 percent have blogs,...
Advice for Legal Tech Start-ups from Seedcamp’s Tom Wilson
November 19, 2016
‘Law firms’ desire for risk is very, very low. So the sales cycle [for legal tech companies] is slow. This makes it harder for VCs to keep investing,’ Wilson explains. He points out that investors want to see considerable improvement every 12 months. But, as anyone in the legal market can attest to, selling to law firms can often take 18 months or more to move from discussions to an actual contract. Moreover, because the tech here is so new, law firms will need to trial it and a trial does...
November 19, 2016
‘Law firms’ desire for risk is very, very low. So the sales cycle [for legal tech companies] is slow. This makes it harder for VCs to keep investing,’ Wilson explains. He points out that investors want to see considerable improvement every 12 months. But, as anyone in the legal market can attest to, selling to law firms can often take 18 months or more to move from discussions to an actual contract. Moreover, because the tech here is so new, law firms will need to trial it and a trial does...
