While setting New Year’s resolutions is routine for many of us, research from the University of Scranton shows while 45% of Americans usually make New Year’s resolutions, only 8% actually stick to them. So, why are resolutions so quickly discarded? The easy answer is because most resolutions require a change in habit.
Starting a new habit is hard, and breaking a bad habit is even harder. While many of us assume that the key to changing our habits is having enough willpower, social scientist...
With 2014 coming to a close, many of us look forward to the possibilities of 2015—and for the financial market, the New Year may bring many things. With the legislative cycle, market regulators, industry disputes and geographical angst, 2015 will be a busy year. Below are a few topics that are likely to surface:
The IRS remains a wild card.
Technology fatigue sets in.
Generation Y gets serious.
Oil slick helps some, hurts others.
Data security becomes real.
See Scott Martin,...
On November 10, 1893, the Washington Post identified an emerging technology that was reshaping American society: Pneumatics! The miracle of compressed air had led to the creation of new contraptions, including pneumatic tube systems that relied on air compressors to transport cylindrical containers hundreds of feet within buildings. Pneumatic tube systems had found favor in banks and department stores, enabling clerks to transmit documents rapidly from one office to another. Noting this and other...
Last year, I posted my picks for the 10 most important legal technology developments of 2013. In many ways, this year’s big legal tech stories were continuations of last year’s. Last year, for example, I wrote about the cloud having come into its own, about competence in legal technology becoming a necessity, about mobile becoming the driving force in tech development, about practice management becoming mainstream, and about technology helping to fill the access-to-justice shortfall. All of these...
Sony’s problems may be traced in part to the importance of culture in negotiation and managerial decision making. Sources told the Times that Sony Pictures executives had decided to green-light Rogen and his co-director Evan Goldberg’s film for fear they would decamp to another studio. The desire to snare a film by hot young directors may have blinded Pascal and other Sony Pictures executives to its potential geopolitical repercussions.
In particular, they appeared not to seriously consider...
Turning now to online dispute resolution, which is something I thought would take off far more quickly than it actually has. Way back in 2001, I wrote an article about services offering ODR, almost all of which are now defunct. That is finally changing, with ODR gaining broader acceptance, as evidenced by the recent announcement by Modria.com that its ODR platform was recently adopted by the Ohio Board of Tax Appeals to provide an online resolution center for cases there. “Taxpayers, agents, and attorneys...
For two nations sharing a language and legal history, the contrast in the visions at play in the legal systems of the United States and United Kingdom is more than striking. It’s revolutionary.
The debates in the U.S. go on: Should ethics rules blocking nonlawyer ownership of law firms be lifted? Is the current definition of unlicensed law practice harming rather than protecting clients? What about the restrictions on multidisciplinary practices?
And those debates are by no means ending:...
On December 7, the news broke that Pierre Korkie, a South African who had been held hostage in Yemen by Al Qaeda, was killed by his guards just hours before his scheduled release due to a botched U.S. attempt to free another hostage. The tragedy suggests the dangers not only of refusing to engage in dealmaking with unsavory potential negotiating partners, but of failing to communicate adequately with those affected by such decisions.
Korkie and his wife, Yolande, were seized in May 2013 in Yemen,...