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Lawyers Make Better CEOs Than MBAs
August 27, 2017
Harvard Business Review: Do Lawyers Make Better CEOs Than MBAs?, by M. Todd Henderson (Chicago): We were interested in how lawyer CEOs might influence firm decision making more broadly — and whether they differ from CEOs without a law degree. I collaborated with Irena Hutton, Danling Jiang, and Matt Pierson to compare the behavior of CEOs with law degrees with those who earned a bachelor’s degree, MBA, or other degree. We looked at about 3,500 CEOs, about 9% of whom have law degrees....
August 27, 2017
Harvard Business Review: Do Lawyers Make Better CEOs Than MBAs?, by M. Todd Henderson (Chicago): We were interested in how lawyer CEOs might influence firm decision making more broadly — and whether they differ from CEOs without a law degree. I collaborated with Irena Hutton, Danling Jiang, and Matt Pierson to compare the behavior of CEOs with law degrees with those who earned a bachelor’s degree, MBA, or other degree. We looked at about 3,500 CEOs, about 9% of whom have law degrees....
Adventures in Higher Education, Happiness, and Mindfulness
August 27, 2017
Excellent article on well-being and happiness. Peter H. Huang (Colorado), Adventures in Higher Education, Happiness, and Mindfulness "This Article recounts my unique adventures in higher education, including being a Princeton University freshman mathematics major at age 14, Harvard University applied mathematics graduate student at age 17, economics and finance faculty at multiple schools, first-year law student at the University of Chicago, second- and third-year law student at Stanford University,...
August 27, 2017
Excellent article on well-being and happiness. Peter H. Huang (Colorado), Adventures in Higher Education, Happiness, and Mindfulness "This Article recounts my unique adventures in higher education, including being a Princeton University freshman mathematics major at age 14, Harvard University applied mathematics graduate student at age 17, economics and finance faculty at multiple schools, first-year law student at the University of Chicago, second- and third-year law student at Stanford University,...
Britney Spears is Drafting a New Will to Protect Her Kids
August 27, 2017
Britney Spears has elected to redraft her will in order to better benefit her two boys. Her current will leaves her entire estate to Sean, 11, and Jayden, 10. The issue with the will is that it leaves her fortune to her children when they turn 18. Spears has decided that leaving millions of dollars to teenagers may not be the best course of action and has instead chosen to place her assets into a trust upon her demise. The trust would limit her children’s access to monies based on their age. This...
August 27, 2017
Britney Spears has elected to redraft her will in order to better benefit her two boys. Her current will leaves her entire estate to Sean, 11, and Jayden, 10. The issue with the will is that it leaves her fortune to her children when they turn 18. Spears has decided that leaving millions of dollars to teenagers may not be the best course of action and has instead chosen to place her assets into a trust upon her demise. The trust would limit her children’s access to monies based on their age. This...
Auto Insurers Should Brace for Autonomous Car Changes
August 26, 2017
According to Smollik, driverless cars are expected to be safer, accident frequency will likely go down, and there will be lower costs associated with insurance coverage and claims payouts. “People expect that driverless cars are going to be much safer, so just from that standpoint we might expect the accident frequency is going to go down,” said Smollik. There will be a transition period, he said, and it will take a long time to see gains. That’s because a simple fender bender could be very...
August 26, 2017
According to Smollik, driverless cars are expected to be safer, accident frequency will likely go down, and there will be lower costs associated with insurance coverage and claims payouts. “People expect that driverless cars are going to be much safer, so just from that standpoint we might expect the accident frequency is going to go down,” said Smollik. There will be a transition period, he said, and it will take a long time to see gains. That’s because a simple fender bender could be very...
Using Big Data to Predict and Prevent Power Outages
August 26, 2017
High-speed winds during a thunderstorm may cause trees around an electric grid to crash into the distribution system feeders causing an outage in that area. Currently, most utility companies diminish such accidents by scheduling regular tree-trimming operations. This effort is costly and is based on a rotational approach to different service areas, which may take months and sometimes years before all trees are trimmed. Texas A&M University researchers have developed an intelligent model that...
August 26, 2017
High-speed winds during a thunderstorm may cause trees around an electric grid to crash into the distribution system feeders causing an outage in that area. Currently, most utility companies diminish such accidents by scheduling regular tree-trimming operations. This effort is costly and is based on a rotational approach to different service areas, which may take months and sometimes years before all trees are trimmed. Texas A&M University researchers have developed an intelligent model that...
Patents for Legal Services Technology Rose 484% in 2016
August 26, 2017
I’ve written any number of times about the rapid growth in recent years in the number of legal technology startups. A new report out today from Thomson Reuters documents a related aspect of that — the rapid rise in the global number of patents relating to legal services technology. The number of patents filed within the category “legal services and handling legal documents” has risen 484 percent in the last five years, according to the analysis by Thomson Reuters of data from the World...
August 26, 2017
I’ve written any number of times about the rapid growth in recent years in the number of legal technology startups. A new report out today from Thomson Reuters documents a related aspect of that — the rapid rise in the global number of patents relating to legal services technology. The number of patents filed within the category “legal services and handling legal documents” has risen 484 percent in the last five years, according to the analysis by Thomson Reuters of data from the World...
Microsoft is Nearly Phasing out the Billable Hour
August 25, 2017
From Bloomberg Big Law Business: Microsoft has quietly unveiled new parameters for its outside counsel, and, in an effort to step away from the billable hour, announced it hopes to shift 90 percent of its legal work into alternative fee arrangements within two years. David Howard, a corporate vice president and deputy general counsel at the company, wrote online Friday that Microsoft wants to establish a “new type of relationship” with the law firms handling its most important work. During...
August 25, 2017
From Bloomberg Big Law Business: Microsoft has quietly unveiled new parameters for its outside counsel, and, in an effort to step away from the billable hour, announced it hopes to shift 90 percent of its legal work into alternative fee arrangements within two years. David Howard, a corporate vice president and deputy general counsel at the company, wrote online Friday that Microsoft wants to establish a “new type of relationship” with the law firms handling its most important work. During...
CoreLogic: Hurricane Harvey Storm Surge Could Impact 200,000 Texas Homes
August 25, 2017
Hurricane Harvey has the potential to impact 232,721 homes along the Texas coast, according to CoreLogic, a global property information, analytics and data provider. Reconstruction costs could hit $39.6 billion if all of the homes sustain storm damage as a result of the Category 3 storm. The table shows the total number of properties at risk of storm surge damage for each of the five hurricane categories as well as the accompanying RCV for the Core Based Statistical Areas (CBSAs) located...
August 25, 2017
Hurricane Harvey has the potential to impact 232,721 homes along the Texas coast, according to CoreLogic, a global property information, analytics and data provider. Reconstruction costs could hit $39.6 billion if all of the homes sustain storm damage as a result of the Category 3 storm. The table shows the total number of properties at risk of storm surge damage for each of the five hurricane categories as well as the accompanying RCV for the Core Based Statistical Areas (CBSAs) located...
Misclassification in the Sharing Economy: It’s the Arbitration Agreements
August 25, 2017
Elizabeth Chika Tippett, Associate Professor and Conflict & Dispute Resolution Program Faculty Co-Director at the University of Oregon School of Law, and Bridget Schaaff, University of Oregon School of Law, have published “Misclassification in the Sharing Economy: It’s the Arbitration Agreements,” Rutgers Law Review, Forthcoming. In their journal article, the authors study the changes made to several companies’ Terms of Service agreements following the Supreme Court’s decisions...
August 25, 2017
Elizabeth Chika Tippett, Associate Professor and Conflict & Dispute Resolution Program Faculty Co-Director at the University of Oregon School of Law, and Bridget Schaaff, University of Oregon School of Law, have published “Misclassification in the Sharing Economy: It’s the Arbitration Agreements,” Rutgers Law Review, Forthcoming. In their journal article, the authors study the changes made to several companies’ Terms of Service agreements following the Supreme Court’s decisions...
CFPB Director Pens Op-Ed Addressing Arbitration Agreements that Ban Class-Actions
August 24, 2017
On Tuesday, Consumer Financial Protection Bureau (“CFPB”) Director Richard Cordray published an opinion piece in...
August 24, 2017
On Tuesday, Consumer Financial Protection Bureau (“CFPB”) Director Richard Cordray published an opinion piece in...
