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Tips for Young Lawyers at Mediation
October 24, 2014
The starting point for a successful mediation is preparation. Knowing your client’s goals and the strengths and weakness...
October 24, 2014
The starting point for a successful mediation is preparation. Knowing your client’s goals and the strengths and weakness...
The Marshmallow Test for Grownups
October 24, 2014
Originally conducted by psychologist Walter Mischel in the late 1960s, the Stanford marshmallow test has become a touchstone of developmental psychology. Children at Stanford’s Bing Nursery School, aged four to six, were placed in a room furnished only with a table and chair. A single treat, selected by the child, was placed on the table. (In addition to marshmallows, the researchers also offered Oreo cookies and pretzel sticks.) Each child was told if they waited for 15 minutes before eating the treat,...
October 24, 2014
Originally conducted by psychologist Walter Mischel in the late 1960s, the Stanford marshmallow test has become a touchstone of developmental psychology. Children at Stanford’s Bing Nursery School, aged four to six, were placed in a room furnished only with a table and chair. A single treat, selected by the child, was placed on the table. (In addition to marshmallows, the researchers also offered Oreo cookies and pretzel sticks.) Each child was told if they waited for 15 minutes before eating the treat,...
Corporations Drive Drop in Law Firms’ Use of Starting Lawyers, Study Finds
October 23, 2014
Corporations, looking to slash their legal costs, have homed in on a soft spot for many law firms — their first-year associates — and cut their billable hours steeply from the amounts five years ago, according to a new study that looked at $16.2 billion in firm invoices. Since law firm revenues are largely based on self-reporting, what drives the billable hour has often seemed a bit murky, but entry-level lawyers long pumped up profits for law firms, which routinely charged high rates for the services...
October 23, 2014
Corporations, looking to slash their legal costs, have homed in on a soft spot for many law firms — their first-year associates — and cut their billable hours steeply from the amounts five years ago, according to a new study that looked at $16.2 billion in firm invoices. Since law firm revenues are largely based on self-reporting, what drives the billable hour has often seemed a bit murky, but entry-level lawyers long pumped up profits for law firms, which routinely charged high rates for the services...
In Business Negotiations, Eat Before You Negotiate
October 23, 2014
In business negotiations, “hunger gains” may backfire When preparing for your next business negotiation, you may want to strategize not only about what you’ll put on the bargaining table, but also how much food you’ll put in your belly beforehand. That’s the message of new research that Cornell University professor Emily Zitek and Dartmouth College professor Alexander Jordan presented at the annual meetings of the Academy of Management in August. In two experiments, the researchers...
October 23, 2014
In business negotiations, “hunger gains” may backfire When preparing for your next business negotiation, you may want to strategize not only about what you’ll put on the bargaining table, but also how much food you’ll put in your belly beforehand. That’s the message of new research that Cornell University professor Emily Zitek and Dartmouth College professor Alexander Jordan presented at the annual meetings of the Academy of Management in August. In two experiments, the researchers...
Goodbye Patent Arbitration?
October 23, 2014
Patent dispute resolution has been trending into arbitration, while arbitration has been looking like litigation. But now patent reviews through the U.S. Patent and Trademark Office (PTO) offer the fast, cheap proceedings that arbitration is supposed to provide—and they just may kill the old way of arbitrating those disputes. According to the American Arbitration Association, in its rules for patent disputes, “a growing number of intellectual property disputes are arbitrated [by the AAA] each...
October 23, 2014
Patent dispute resolution has been trending into arbitration, while arbitration has been looking like litigation. But now patent reviews through the U.S. Patent and Trademark Office (PTO) offer the fast, cheap proceedings that arbitration is supposed to provide—and they just may kill the old way of arbitrating those disputes. According to the American Arbitration Association, in its rules for patent disputes, “a growing number of intellectual property disputes are arbitrated [by the AAA] each...
In Arbitration, Judge Thyself, Not the Process
October 23, 2014
“Control your own destiny, or someone else will.” Jack Welch’s eight simple words of advice provide a compelling rationale...
October 23, 2014
“Control your own destiny, or someone else will.” Jack Welch’s eight simple words of advice provide a compelling rationale...
Fewer Patent Litigation Filings So Far in 2014
October 23, 2014
After reaching record highs earlier in the year, patent case filings over the last few months have trailed off significantly,...
October 23, 2014
After reaching record highs earlier in the year, patent case filings over the last few months have trailed off significantly,...
Gartner’s Crystal Ball Foresees an Emerging ‘Super Class’ of Technologies
October 22, 2014
Gartner sees things like robots and drones replacing a third of all workers by 2025, and whether you want to believe it or not, is entirely your business. Smart machines are an emerging "super class" of technologies that perform a wide variety of work, both the physical and the intellectual kind, said Sondergaard. Machines, for instance, have been grading multiple choice for years, but now they are grading essays and unstructured text. This cognitive capability in software will extend to other...
October 22, 2014
Gartner sees things like robots and drones replacing a third of all workers by 2025, and whether you want to believe it or not, is entirely your business. Smart machines are an emerging "super class" of technologies that perform a wide variety of work, both the physical and the intellectual kind, said Sondergaard. Machines, for instance, have been grading multiple choice for years, but now they are grading essays and unstructured text. This cognitive capability in software will extend to other...
AAA Unveils Enhanced International Arbitration Rules
October 22, 2014
The International Centre for Dispute Resolution (ICDR) of the American Arbitration Association (AAA) recently issued revisions to its International Dispute Resolution Procedures (Including Mediation and Arbitration Rules), effective June 1, 2014. This is the first time the AAA’s international rules have been substantially refreshed since 1996. Significant changes effected by the revisions include the following: International expedited procedures (Articles 1(4) and E-1 to E-10): These new procedures...
October 22, 2014
The International Centre for Dispute Resolution (ICDR) of the American Arbitration Association (AAA) recently issued revisions to its International Dispute Resolution Procedures (Including Mediation and Arbitration Rules), effective June 1, 2014. This is the first time the AAA’s international rules have been substantially refreshed since 1996. Significant changes effected by the revisions include the following: International expedited procedures (Articles 1(4) and E-1 to E-10): These new procedures...
Is Data Influencing C-suite Decision Making?
October 22, 2014
Is it the time right to enter a new market? To downsize? To collaborate with competitors? These are the types of decisions companies face that data analytics could help them make. An Economist Intelligence Unit report sponsored by PricewaterhouseCoopers explains that business leaders are using data and analytics to some degree in their decision-making processes, but could do a lot more to leverage data for smarter choices. The 2014 Global Data and Analytics Survey report, titled “Gut & Gigabytes:...
October 22, 2014
Is it the time right to enter a new market? To downsize? To collaborate with competitors? These are the types of decisions companies face that data analytics could help them make. An Economist Intelligence Unit report sponsored by PricewaterhouseCoopers explains that business leaders are using data and analytics to some degree in their decision-making processes, but could do a lot more to leverage data for smarter choices. The 2014 Global Data and Analytics Survey report, titled “Gut & Gigabytes:...
