Menu
Practice
Law Firm Leaders Are Bullish: 70% Expect Growth In 2d Half Of 2018; Only 9% See Drop
July 31, 2018
Law firm leaders are taking a slightly dimmer view of the legal industry’s prospects in the second half of 2018 as their confidence in the U.S. and global economy wanes, according to a survey released Wednesday by Citi Private Bank. Citi’s latest edition of its Law Firm Leaders Confidence Index showed that while top brass at firms remain a confident group, they have some concerns about the state of the economy, and that has had an impact on overall confidence. The Citi index runs on a scale...
July 31, 2018
Law firm leaders are taking a slightly dimmer view of the legal industry’s prospects in the second half of 2018 as their confidence in the U.S. and global economy wanes, according to a survey released Wednesday by Citi Private Bank. Citi’s latest edition of its Law Firm Leaders Confidence Index showed that while top brass at firms remain a confident group, they have some concerns about the state of the economy, and that has had an impact on overall confidence. The Citi index runs on a scale...
Efficient Arbitration – Part 2: Launching an Efficient Arbitration
July 30, 2018
Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A balancing act. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of the right tools to do so often falls to counsel. It is crucial that counsel is aware of the available tools, stays...
July 30, 2018
Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A balancing act. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of the right tools to do so often falls to counsel. It is crucial that counsel is aware of the available tools, stays...
Buying the Verdict
July 17, 2018
OVERVIEW — This paper documents systematic evidence that firms engage in specialized, locally targeted advertising when...
July 17, 2018
OVERVIEW — This paper documents systematic evidence that firms engage in specialized, locally targeted advertising when...
Fastcase Says Its New ‘Analytics Workbench’ Will Allow Build-Your-Own Litigation Analytics
July 15, 2018
Docket Alarm, the docket tracking and analytics platform acquired last Januaryby legal research company Fastcase, says it has released a new tool, the Analytics Workbench, that will allow legal professionals to build their own bespoke litigation analytics across any court, practice area or litigation event. Generally, legal analytics products tend to focus on specific courts or specific practice areas. For example, Lex Machina, one of the leading providers of legal analytics, launched with...
July 15, 2018
Docket Alarm, the docket tracking and analytics platform acquired last Januaryby legal research company Fastcase, says it has released a new tool, the Analytics Workbench, that will allow legal professionals to build their own bespoke litigation analytics across any court, practice area or litigation event. Generally, legal analytics products tend to focus on specific courts or specific practice areas. For example, Lex Machina, one of the leading providers of legal analytics, launched with...
BLS Reports Legal Sector Added 4,800 Jobs in June
July 14, 2018
The Bureau of Labor Statistics monthly report released yesterday (Friday) shows that the legal sector got a significant bump in June by adding 4,800 jobs. The BLS also revised (as it often does after more data comes in) the job report for May which had originally shown a net loss of 200 jobs but now reflects a gain of 300. The monthly BLS legal sector job reports include multiple job categories within the legal services industry like paralegal and legal secretary in addition to lawyers. You can check...
July 14, 2018
The Bureau of Labor Statistics monthly report released yesterday (Friday) shows that the legal sector got a significant bump in June by adding 4,800 jobs. The BLS also revised (as it often does after more data comes in) the job report for May which had originally shown a net loss of 200 jobs but now reflects a gain of 300. The monthly BLS legal sector job reports include multiple job categories within the legal services industry like paralegal and legal secretary in addition to lawyers. You can check...
Avvo Legal Services To Be Shut Down
July 14, 2018
Legal directory Avvo is shutting down its controversial Avvo Legal Services, a service that provides fixed-fee, limited-scope legal services through a network of attorneys. Internet Brands, the company that acquired Avvo last January, has decided that the service does not align with its business and focus, according to a letter sent by B. Lynn Walsh, Internet Brands’ executive vice president and general counsel, to the North Carolina State Bar last month. At Internet Brands, we are focused...
July 14, 2018
Legal directory Avvo is shutting down its controversial Avvo Legal Services, a service that provides fixed-fee, limited-scope legal services through a network of attorneys. Internet Brands, the company that acquired Avvo last January, has decided that the service does not align with its business and focus, according to a letter sent by B. Lynn Walsh, Internet Brands’ executive vice president and general counsel, to the North Carolina State Bar last month. At Internet Brands, we are focused...
New Technology in Law Firms
July 12, 2018
Thank you for participating in this technology survey, conducted by The American Lawyer, The National Law Journal and Legaltech News on behalf of HSBC. The survey contains questions about law firms investing in and adopting new technology. It's designed to be fast and easy to complete, taking approximately 6 minutes of your time. Please rest assured, your answers will be held in strict confidence and will be used only to help us assess the current state of the industry,...
July 12, 2018
Thank you for participating in this technology survey, conducted by The American Lawyer, The National Law Journal and Legaltech News on behalf of HSBC. The survey contains questions about law firms investing in and adopting new technology. It's designed to be fast and easy to complete, taking approximately 6 minutes of your time. Please rest assured, your answers will be held in strict confidence and will be used only to help us assess the current state of the industry,...
Soros Backs Personal Injury Lawsuits in Market With 20% Returns
July 10, 2018
The development is the latest twist on the litigation funding market, which has drawn criticism for monetizing and encouraging the lawsuit culture in the U.S. The firm Soros is backing, Mighty Group, bundles cash advances that small shops extend to plaintiffs in personal injury suits in return for a cut of future settlements. Mighty Group’s approach opens the door to another potential development: securitizing individual lawsuit bets for sale to other investors. “There are all the ingredients...
July 10, 2018
The development is the latest twist on the litigation funding market, which has drawn criticism for monetizing and encouraging the lawsuit culture in the U.S. The firm Soros is backing, Mighty Group, bundles cash advances that small shops extend to plaintiffs in personal injury suits in return for a cut of future settlements. Mighty Group’s approach opens the door to another potential development: securitizing individual lawsuit bets for sale to other investors. “There are all the ingredients...
The Bleeding Edge Of Law
July 9, 2018
In the summer of 2015, David Lat invited David Perla to become an Above the Law columnist. The column, “What’s Possible”, launched in September of that year. In that column, David noted that his role at the time afforded him the opportunity think about various issues relating to the future of law, including: How can lawyers make use of data to perform their jobs? How will the development of artificial intelligence affect the practice of law? What’s possible for law students,...
July 9, 2018
In the summer of 2015, David Lat invited David Perla to become an Above the Law columnist. The column, “What’s Possible”, launched in September of that year. In that column, David noted that his role at the time afforded him the opportunity think about various issues relating to the future of law, including: How can lawyers make use of data to perform their jobs? How will the development of artificial intelligence affect the practice of law? What’s possible for law students,...
Launching Soon: ‘Text A Lawyer’ Aims To Be The Uber Of Legal Help
July 7, 2018
Slated to launch next month is a service that allows consumers to get answers to their legal questions by text for a flat price of $20. The service, called Text A Lawyer, is modeled after ride-sharing service Uber in that it uses two separate mobile apps, one for consumers to submit legal questions and another for lawyers who are in a waiting pool ready to give answers. The goal, says founder Kevin Gillespie, is to make it simple for low- and moderate-income consumers to get answers to legal...
July 7, 2018
Slated to launch next month is a service that allows consumers to get answers to their legal questions by text for a flat price of $20. The service, called Text A Lawyer, is modeled after ride-sharing service Uber in that it uses two separate mobile apps, one for consumers to submit legal questions and another for lawyers who are in a waiting pool ready to give answers. The goal, says founder Kevin Gillespie, is to make it simple for low- and moderate-income consumers to get answers to legal...
