Placing the value on bodily injury claims is inherently speculative.
To remove some of the guess work from ascertaining a proper value for general damages, some insurance companies utilize a comprehensive software program called Colossus. The Colossus software attempts to recreate, electronically, the “round-tabling” that often occurs with specific claims. One court has described the “round-tabling” process as a process in which the insurer’s most skilled and experienced casualty claims...
Greetings from ReInvent Law, our law laboratory devoted to technology, innovation, and entrepreneurship at Michigan State University College of Law. You read that right. We are law professors with a laboratory where we teach technology, analytics, innovation, and entrepreneurship in legal services. We are law professors devoted to training lawyers for the law jobs of the 21st century. And yes, math will be on the exam. This is the New Normal in legal education.
The legal services and products...
The deterioration of the legal jobs market and the crisis in legal education have dominated recent headlines. Some conclude that the current weak market reflects the new normal in legal education and the profession, and they fill the ether with their tales of doom and gloom. I remember hearing the term "new normal" just prior to the Dotcom Bust in the early 2000s, so such references signal to me a radical change is coming. The growth of third-party litigation financing (TPLF) may be the catalyst...
On May 16th, Burford COO Andrew Langhoff is scheduled to speak at the Ark Group’s 4th annual AFA Forum: Value-Based Fee Arrangements & Legal Service Logistics. The program will examine the opportunities AFAs present for both law firms and their clients and will provide a platform for candid discussion around what law firms and their clients are doing in pursuit of more fundamental shifts in the service-delivery model. Mr. Langhoff will discuss litigation finance as a viable option for law firms...
The United States Court of Appeals for the Second Circuit has ruled that Goldman Sachs Group, Inc. may compel a former employee who sued the company for gender discrimination to arbitrate her claim. In Parisi v. Goldman Sachs & Co., No. 11-5229-CV, (2d Cir. March 21, 2013) the appellate court stated Lisa Parisi, a former managing director at Goldman Sachs who claims she was the victim of pay and promotion discrimination, may not pursue her claim in a courtroom due to an arbitration clause...
Cornell University will open a huge tech school on an island in New York City. Cornell NYC Tech is the result of Mayor Michael Bloomberg’s request to create a new science school to fuel the growth of the New York City tech sector.
Largely responsible for Cornell’s ability to open up the school is Qualcomm founder Irwin Jacobs’ $133 million donation. Other prestigious universities such as Columbia, NYU and Stanford were also looking to open up a new graduate school mainly focused on computer...