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This software will likely appeal to all lawyers who work with contracts, since reviewing and drafting contracts is legal work that is performed by lawyers from firms of all sizes. The keen insight came from a psychologist emerging from his maiden voyage into a partner's office. With AI, the ability to analyze, benchmark and predict far surpasses any traditional methods of metrics and reporting. The endeavor recently earned the agriculture company and Husch Blackwell, one of the companys main outside firms for asbestos litigation, an award for excellence in legal operations from the Association of Corporate Counsel. The United Kingdom-based firm surveyed more than 2,000 senior in-house counsel and found that 69 percent cited a lack of innovation by law firms and legal service providers. Absent from that discussion, however, is assessing the impact of innovation.

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Once regarded as laws junior varsity, the in-house role has become a coveted alternative to the grind and uncertainty of Big Law. Meanwhile, nearly 62 percent of attorneys promoted to partnership in 2017 were men. The deal has drawn considerable media coverage. The legal profession seeded and assiduously cultivated an ethos of lawyers and non-lawyers that became the cornerstone of lawyer exceptionalism. They also arrange and monitor external support, provide benchmarking for department and company efficiency reviews, and oversee the use of technology, including workflow automation technology.

LBW Full Story Spend Management 2018 In-House Salary Guide - Robert Half Legal Posted: 2018-Jan-16 Robert Half Legal has released its latest report which contains data on projected inhouse counsel salaries for 2018. DLA Piper offices across Europe and the United States were crippled by ransomware in what was the first publicly acknowledged law firm victim of the attack. Michael Mills in Law Practice Today Full Story Enterprise Legal Management Legal Operations is Hot. Our electoral process has been compromised and efforts to investigate the culprits, circumstances, and motives of the perpetrators have been resisted even as the intelligence community is in unanimous agreement that all signs point to Russian interference. Every quarter we report on the growing gap between the elite Biglaw firms and the rest of the Am Law 200. ACC Legal Operations recently released its Maturity Model for the Operations of a Legal Department, which takes a crack at defining the elements of early stage, intermediate and advanced levels of maturity for a variety of different law department activities. ALM editors and reporters have solicited reactionspositive and negativeto Susskinds ideas from law firm chairs, top legal educators, general counsel, law students and industry analysts to get their take. ALM Full Story What BigLaw Can Learn From The Big 4 Posted: 2018-Mar-19 The Big Four accounting firms have assembled massive operations spanning the globe, generating a cumulative 134 billion in revenue last year, successes some say. This is the 18th year that Altman Weil, which provides management consulting services to legal organizations, has conducted the survey. But, the market was not expecting such a bold move as to take over one of the better known process-focused legal services businesses. What if you could stack contractual duties in condition-precedent dominoes so that you automatically paid a supplier fee only after valid confirmation of goods delivery? Is the buildup of in-house lawyers turning?

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Mad Clientist BTI blog - Michael Rynowecer) Full Story Spend Management GCs Report Favoring Midsize Firms For Outside Work Posted: 2017-Nov-21 Corporate legal departments' spending on outside counsel has inched down over the past decade, with general counsel increasingly. Full Story Enterprise Legal Management Fast versus Slow Innovations Posted: 2017-Jun-27 Are rapidly adopted innovations more valuable and important than innovations that take a long time to take hold? What about hiring former prosecutors for nonlitigation different swing trading strategies cryptocurrency roles, where sharp legal minds are needed for complex transactions? I frequently test the limits of law firm self-control by presenting them with the ultimate temptation: blank space I write and review law-firm RFI/RFPs for corporate clients. Whether youre traveling a long distance, going on a short road trip, or just heading out to buy dinner, the most important piece of information you need is where youre going, right? Crafty Counsel Full Story EY Acquires Riverview Law: A Different Perspective Posted: 2018-Aug-16 Big Four goliath Ernst Young (EY) announced it will be acquiring Riverview, a UK-based alternative legal service provider (alsp).

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Full Story Spend Management Pricing Legal Work is a Two-Way Street Posted: 2017-Aug-17 In any market, effectively pricing any goods or services requires an understanding of the buyers perceived value. Day trade entry swing trade exit. The Global Data Protection Regulation (gdpr) is the European Unions answer to these debates. We live in a diverse society; an interconnected, interdependent world; and a period when the rule of law, the lynchpin of democracies, is under siege domestically and globally. ALM Full Story Governance Risk Compliance Same Threats, New Opportunities: The Current State of Corporate Cybersecurity Posted: 2017-Dec-21 After a year of high profile data breaches, in-house counsel are bracing for another year of cybersecurity frustrations and scrutiny. ALM Full Story Casey Flaherty, Jae Um Join Baker McKenzie's Innovation Team Posted: 2019-Jan-22 Casey Flaherty and Jae Um are well-followed in the law firm innovation Twitterverse. ALM Full Story Enterprise Legal Management Ten Things: Making Legal The Department Of Yes Posted: 2017-Dec-28 As in-house lawyers, we have two goals: value creation (Yes) and limiting value destruction (No).

Artificial Lawyer Full Story AI is Transforming Corporate Law Departments: Technology coupled with specialized professional skills drive quality and consistency Posted: 2018-Jan-09 Interview with Andrew Shimek, President and COO of Neota Logic MCC Full Story Enterprise Legal Management Three Pitfalls. To be clear, Cambrias title different swing trading strategies cryptocurrency is not another name for Chief Operating Officer, an established role in law firms that focuses on internal cost and efficiency. Its award season is longer than baseballs, and the list of award categories rivals the Oscars. Lawyers no longer determine whats a legal matterthat only they can handle, nor do they dictate fees (for services rendered control supply and buy sides of their labor-intensive business model, or insulate themselves from outside competition by self-regulation. ALM Full Story Cryptocurrency Blockchain: Its Not Just A Biglaw Practice Area Posted: 2018-Mar-02 Cryptocurrency and blockchain arent the exclusive province of Biglaw or boutique practices with Fintech or startup expertise.

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Full Story 10 Things a General Counsel Needs to Know about Blockchain Posted: 2017-Aug-29 Y ouve likely heard about bitcoin by now, especially given its ballooning value from US500 to US3,000 all within one year and similar cryptocurrencies like Ethereum. Companies are in need of lawyers with experience in business growth, executive compensation and labor and employment disputes, according to a new study. The firms hope is that one day, these students will become Barclay Damon lawyers and that the firms almost entirely white racial profile will change dramatically, according to John Langan, its managing partner. One of this year's winners was Ricoh USA. Focus on how the story is told and progress shared. Posted: 2017-Oct-24 Four years ago, Richard Susskind published the first edition of Tomorrows Lawyers: An Introduction to Your Future. Full Story Spend Management A Quick Reference Guide To Understanding eDiscovery Pricing Posted: 2017-Oct-02 One of the biggest challenges in purchasing ediscovery services is trying to make an apples-to-apples comparison between providers, platforms, and services, including their pricing.

Stevie Ghiassi, Legalers CEO and different swing trading strategies cryptocurrency Blockchain For Lawyers author, endeavors to offer an easy-to-digest, holistic take on how blockchain applies to the legal industry. While many companies have a crisis communication plan in place, not all plans are equipped to handle cybersecurity-related incidents. Almost 2,000 in-house lawyers across 53 countries participated, including 81 percent who are ACC members, 31 percent who work outside the.S. ALM Full Story The Golden Age of The Legal EntrepreneurWhy Now and Why It Matters Posted: 2018-Jun-10 Law is seldom associated with entrepreneurs. ALM Full Story Insurers Face Monumental Cybersecurity Challenges: Hackers enticed by troves of highly sensitive personal info Posted: 2018-Jan-15 Alice Kane, senior counsel at Clifford Chance in New York, advises property and casualty, life, and health insurance clients.

ALM Full Story Law Firms different swing trading strategies cryptocurrency Are Finally Making Moves to Standardize and Streamline Billing Processes Posted: 2017-Dec-29 For years, law firms have experienced pushback from clients on their billing processes. Message Follow Following Unfollow, about me About me: * Emperor of the empire 5 minute chart entry 4 hour chart exit. While integrating with other tech companies is not unusual for Neota (see below. Key points: GCs can use Legal Ops to transform the legal department into a better partner to the business, improving your relationships with the CFO, the CAO, the head of Business Development, etc. Diving into the experiences of Shells integrations.

In some areas the Big Four have even eclipsed law firms as the primary provider of legal services. ALM Full Story Enterprise Legal Management Corporate Law Departments, Expected To Be More Like Other Units, Face a Sea Change Posted: 2018-Mar-12 Jonah Paransky of Wolters Kluwers ELM Solutions explains how law department will deliver value with operational rigor. It has now become a full part of the ES Ignite legal tech offering for its corporate clients. Its difficult for an in-house lawyer in Shanghai to stay on course with change when shes not sure what the course. Law firm in Washington,.C., the Am Law Daily reports. By bringing better technology and processes to bear, Legal Ops can help in-house teams work smarter, increasing both productivity and job satisfaction. This paradox raises a fundamental question: Is there a way, short of going through an expensive and complex technological revolution, to deliver affordable, high quality, and timely legal services?

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The value of panels performance evaluations, the most effective engagement tools, whether there are trade-offs between cost and quality, and how flat fees affect quality. Full Story Governance Risk Compliance Six Steps for Lawyers to Secure their Cyber Walls (Perspective) Posted: 2017-Jun-30 I am a big fan of mnemonics since it is a learning tool introduced to me many years ago. So Ive been collecting articles about the seemingly endless issue of the apparently insurmountable barrier to the full participation of women in law firms. ACC Docket Full Story Enterprise Legal Management The Digital Transformation of Enterprise Legal Services Delivery Posted: 2018-Feb-27 The digital transformation of legal services involves the application of technology-enabled efficiencies, process optimization and appropriate resource mix to the delivery. Most of my in-house career has been spent with technology companies (or working with divisions of those companies focusing on technology). Full Story Sorry Clients: Higher Law Firm Billing Rates Really Do Pay Off Posted: 2018-Feb-26 Law firms do better when they raise their published billing rates at a faster clip, even if those increases result in a widening gap between. Within these expectations, legal departments are beginning to address the growing pressure to measure and boost value in numerous strategic and innovative ways. What does Riverview Law give EY? Yet, I never knew how much Id love it until I became one. The name of the startup was known, Atrium LTS, but little else, except that it would somehow involve software designed to streamline the work of law firms.

The American Bar Association says every lawyer, even those who work in-house, has a professional responsibility to provide such work to those unable to pay and should aspire to contribute at least 50 hours per year. Posted: 2017-Aug-03 Self-reflection can easily become self-delusion. Posted: 2019-Feb-04, zapproved co-founder and CEO Monica Enand discusses the strategies and tactics that in-house law departments can use to transform their litigation response from a reactive situation into a routine business process. Bill Henderson's blog; Telstra is a 2017 ACC Value Champion Full Story Deloitte Sets out Its Legal AI Strategy and Ambitions Posted: 2017-Oct-09 Artificial Lawyer caught up with Tony Reid, a principal at global professional services firm, Deloitte. Legal Operations Maturity Model Toolkit Webcast Series - Compliance - Mar 5 @ 2pm ET / 7pm GMT (NEW date). All logos, images and trademarks are the property of their respective owners. Whats more, 20 percent conducted all such work internally. Bill Henderson blog Full Story Global Compensation Survey - Participation Wanted! ACC Docket Full Story Governance Risk Compliance Cyber Insecurity: The Need for Adaptable and Dynamic Processes for Security Posted: 2018-Mar-02 Several years ago, cybersecurity was not even on the radar of most companies and their boards. Full Story Convergence Initiatives and Panel Programs What If The Data Says We're Wrong? 20 issued a third edition of its Managing Discovery of Electronic information pocket guide for judges. ALM Full Story Governance Risk Compliance Data Governance for Legal Ops: Adding Value Through Contract Intelligence and IG Posted: 2018-Jul-30 To understand how legal value can be ascertained, it is important to first examine why business buys law.

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Tech Full Story webinar: The Strategic Planning Cycle; From Analyzing Corporate Strategy to Planning in Legal and Monitoring Execution (Nov 16 @ Noon (ET) Posted: 2018-Oct-19 Ensuring that strategic planning and execution of strategic initiatives become part of the fabric. London-based Barclays Bank announced earlier this year that beginning in 2021, when its current panel of firms expires, it will stop RFPs and take a new approach to panel management. What we have yet to cover is if, and how, blockchain technology could disintermediate attorneys in transactions. Sometimes lawyers arent just lawyers; theyre engineers as well, noted Brian Burlew, vice president of legal knowledge different swing trading strategies cryptocurrency management at Prudential Financial. According to a recent report from Osterman Research, any electronic information is potentially subject to e-discovery, including text messages, social media posts, data in collaboration tools and data from the Internet of Things (IoT). The publishing giants pledge came after Pearson decided to hold its advisers to account on diversity issues.

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But experts say the creation of a flexible policy can depend on the industry and specific attorney roles. CEOs, in the words of Jerry Reed, have got a long way to go and a short time to get there. ALM Full Story Milbank and Weil Make Headlines; UnitedLex, Dentons, and Deloitte Make Waves Posted: 2018-Jun-15 Milbank Tweed created an industry-wide stir when it announced recently a bump in first-year associate salary to 190K per year. A panel of seasoned legal operations professionals and a leading service provider will provide tools to help you advance from the Early to Intermediate stage of maturity, explain how to put the tools to use, and offer real-life experience. And Ive heard countless stories of operations and IT professionals at both law departments and law firms being told to get. Although there are numerous possible applications of smart contracts, this article focuses on their applicability and challenges for being used as technology tools in helping execute and perform legal agreements (aka smart legal contracts). (ET) Posted: 2017-Sep-13 Sept 20 @ 3:00.m. Law360 Full Story Governance Risk Compliance Bringing E-Discovery In-House: It can make sense, but a legal department should carefully assess how much to do Posted: 2017-Aug-30 There was a lot of talk this year at LegalTech about corporate legal departments bringing e-discovery in-house. MasterCard is a signatory to an American Bar Association push to include more women and minorities in the legal profession. And as I sit staring at this mess of numbers, I figure that there might be in-house lawyers out there who have never prepared an annual budget, are going through it for the first time, or are just interested in learning how others. Elevate recently announced that it had purchased Yerra Solutions, the legal companys fourth acquisition in four months.

ALM Full Story Spend Management GE Inks Legal Outsourcing Deal With UnitedLex, Eying Big Savings Posted: 2018-Mar-24 UnitedLex says the agreement will help GE shave 30 percent off its legal spend in different swing trading strategies cryptocurrency areas ranging from e-discovery and document review to litigation and operations. How can it positively impact the practice of law? Full Story Governance Risk Compliance What gdpr in Europe Means for the Future of AI and.S. Has taken a less traditional path in handling some of its corporate legal work overseas. Full Story A Seat at the Table: Blockchain Alliance Adds Legal Working Group Posted: 2017-Aug-23 When the Enterprise Ethereum Alliance (EEA) launched in 2017, its members included major corporations like JPMorgan Chase, Intel and Microsoft. The contract management space is a good example of these points. Representatives of legal departments recognized by the ACC this year for their value initiatives, focused in-house and on outside counsel, noted a variety of changes aimed at saving money, streamlining capacity and investing in the future. Full Story Ready or Not: Artificial Intelligence and Corporate Legal Departments Posted: 2017-Oct-04 Lawyers have long been characterized as technology Luddites who are slow to change and wary of innovation. This push and pull in corporate legal departments is driven by a few factors, including a desire on the part of general counsel to whittle down their panel of law firms and drive costs down, as well. Vince Cordo of Shell will facilitate this discussion.

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According to Lisa Konie, senior director of legal operations for Adobe, it was primarily a predictable alternative fee arrangement. Heres the key point: speed of adoption is not a reliable guide for an innovations importance. Mark Cohen Full Story What the EY/Riverview Deal Means The Bigger Picture Posted: 2018-Aug-13 As pretty much the entire planet has now noted, Big Four firm EY has acquired the UK-based LPO/alsp Riverview Law, giving it a significant. Marcus, an e-discovery attorney and director of product marketing at OpenText Solutions, was the moderator of a webinar on predictive coding that we hosted on June. ALM Full Story Spend Management Beyond the Billable Hour: Its Not About EconomicsIts About Relationships Posted: 2018-Dec-19 About a year ago, the legal department at Microsoft announced it would be shifting away from the billable hour in the vast majority of its outside counsel arrangements. To learn how to avoid these fines (or at least reduce their severity we spoke with ACC Chief Legal Officer Amar Sarwal about how legal counsel can harmonize their compliance programs with gdpr.

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Only then can we really understand the nature of the problem and devise a solution that meets the needs of the client. Artificial Lawyer blog Full Story Spend Management From 700 Law Firms to 7: Avis' Changed Approach to Legal Work Has 'Saved Millions' Posted: 2018-Feb-28 Just different swing trading strategies cryptocurrency a few years ago, Avis Budget Group Inc. They are trained to identify issues (read: problems not create solutions. To figure out how you are going to get somewhere, you must know your destination. It will ultimately replace the incumbent culture that is parochial, fragmented, labor-intensive, lawyer-centric, risk and change averse, and designed, regulated, and dominated by lawyers for their own benefit. Experience in California Posted: 2018-Jul-30 What we know: The State Bar of California is creating a task force that will examine whether to modify ethics rules requiring that only lawyers may own equity in law firms.

ALM Full Story Enterprise Legal Management Law Department Artificial Intelligence Survey Report Posted: 2018-Feb-08 Conducted annually for the past five years, the HBR Law Department Survey Roundtables include a supplemental onsite survey that focuses on a key topic. Most of them also tend to further data transparency and increased objectivity. Its worth taking a closer look how this is playing out. Law firms on notice that the major accounting firms are on the march. Part 4 of this series also posits five questions you should ask your robo-lawyer before abandoning corporeal counsel. More often it comes gradually, until the tipping point when everything changes. One of his responsibilities at BT Americas is to try to hack financial applications and lately that has included the smart contracts that is, an automated contract that is pre-programmed that are the heart of a blockchain application. Full Story Enterprise Legal Management What Your Innovation Process Should Look Like Posted: 2017-Sep-15 Companies and government agencies often make the mistake of viewing innovation as a set of unconstrained activities with no discipline. It would be like asking, When will we get our certificate of law compliance? He was ready to take that expertise Avis executive vice president, general counsel, and chief compliance officer, Tucker collaborated with Hatti and with their colleagues, Linda Rush, Bryon Koepke, and Gail Jones, to launch a year-long legal transformation effort in 2015.