Archives: The Legal Profession

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ALM Appraises Threat from Big Four’s “Trojan Horse”

In an article published recently on The American Lawyer, writer Dan Packel reports that this year, “For the first time, PwC, Deloitte, EY and KPMG seized four of the top five spots on [the U.K. consultancy Acritas’s] list of global alternative brands, in a survey of general counsel at heavyweight international businesses.” Packel points out … Continue Reading

Will Machine-Assessed Lie-Detector Tests Become Admissible in Court?

The Artificial Lawyer reports that the European Union is testing a system of automated lie-detector tests for use at its international borders. The technology “will use a digital avatar to interview travellers at border posts, ask them questions and then use facial expression ‘biomarkers’ based on previously taught patterns to decide if they are lying.” The … Continue Reading

Young Lawyers Challenge Profession over Mental Health Concerns

I commend The Young Lawyer Editorial Board at The American Lawyer for their powerful piece on the debilitating and even life-threatening risks of working in the legal profession – a profession that, they point out, “[tops] the league tables for loneliness, substance abuse, depression, anxiety, stress and suicide.” Although they acknowledge that mental health problems … Continue Reading

The Legal Profession Faces an Epidemic (And It’s not Bird Flu)

The Mad Clientist – the blog of the BTI Consulting Group – has diagnosed a growing epidemic among law firms: complacency. “Wishes do come true,” they write. “Legal spending is up. The existential crisis is over. And urgency is retreating as success is just a little easier to come by.” The result, they say, is … Continue Reading

U.S. Law Invaded by Big Four

I believe that the greatest threat to the legal profession is the incursion by the Big Four accounting firms. The writing is indelibly on the wall. And yet most American law firms are complacent. They believe that U.S. regulations make them untouchable. Not so fast. An article published yesterday by The American Lawyer reports that “The British arm … Continue Reading

Artificial Intelligence in China’s Law Schools

A recent story in Legal Tech News indicates how seriously legal educators in China are investigating the potential effects of artificial intelligence (AI) on the practice of law. Until now, almost all AI-related legal education around the world has been grounded in US-derived knowledge and experience, and the Chinese venture is one response to the growing need for … Continue Reading

MOOCs (Massive Open Online Courses) and The Future of Education

Andre Dua, a director in the New York office of the global management consulting firm McKinsey & Company, recently explored the ramifications of the growth of “Massive Open Online Courses,'” commonly known as MOOCs. The online delivery of MOOC learning systems makes them cost-effective, and accessible to students from around the world. Some of these courses … Continue Reading

A Great Lawyer Building Healthy Minds in Healthy Bodies

It is my pleasure to introduce you to an extraordinary lawyer, educator and philanthropist, Tom Bean, of 150 year old law firm Verrill Dana in Boston, whose practice focuses on businesses that are experiencing financial distress. Tom is also cofounder and chair of the advisory board of the Spark Academy – and a self-described “head … Continue Reading

2012 Law Firm Strategy Lessons from the Apollo 13 Moon Mission

Your law firm’s success in 2012 may require considerable ingenuity under extreme pressure just as it did from the crew of Apollo 13 for their safe return to Earth. Apollo 13 was the third mission in the American Apollo space program intended to land on the Moon. The number 2 oxygen tank in the Service … Continue Reading

A Low-Paid Corner — Stripping Pay and Prestige from the Practice of Law

According to NYT journalist, Catherine Rampell, in her May 23, 2011 story: At Well-Paying Law Firms, a Low-Paid Corner,   Orrick, Herrington & Sutcliffe,  WilmerHale and McDermott Will & Emery are "creating a second tier of workers, stripping pay and prestige from one of the most coveted jobs in the business world". Catherine goes on to … Continue Reading

Attorney at Work Delivers Daily Ideas for Lawyers

I am honoured to be in the esteemed company of the publishers and advisors of Attorney at Work that promises “One Really Good Idea Every Day” There is no cost to subscribe and the ideas will flow starting in January. I recommend that you subscribe now Congratulations in particular to my long time friend, Merrilyn Tarlton who … Continue Reading

“Do, Don’t Say !” Seth Godin simply nails it.

Sorry for offering the punchline in the title… but Yoda would be so proud (of Seth Godin) Extract from Seth Godin’s blogpost: Won’t get fooled again  If you catch yourself making a promise that’s been made before, stop. Don’t spend a lot of time and effort building credibility with this sort of promising, because it … Continue Reading

Around the World Speaking Tour (Gerry Riskin — Edge International)

SEPTEMBER 2010 September 24th, 2010 ADR Institute of Canada National Conference September 23-24, 2010 Plenary Session: Optimal Marketing for ADR professionals Workshop: Effective Marketing for ADR professionals Calgary, Alberta OCTOBER 2010 October 9th, 2010 Fordham Law School (for Prof Silvia Hodges) Guest Lecture: Law firm management: Strategy New York, New York October 14th, 2010 (with Nicole … Continue Reading

Would you associate these powerhouse law firms with “Quality of Life”?

Top 10 recipients of associates’ seal of approval: 1.    Ropes & Gray 2.    Williams & Connolly 3.    Morrison & Foerster        4.    Fitzpatrick 5.    Shook, Hardy & Bacon 6.    Hughes Hubbard & Reed           7.    Jones Day 8.    Davis Polk 9.    Paul, Weiss 10.  Skadden, Arps View the entire 2011 Vault Law Firm Quality of Life Rankings. … Continue Reading

Edge International Review Winter 2010

We are very proud of our latest Edge International Review.    For a complete downloadable version (or just the articles you want) click on the cover or go to EdgeInternationalReview.com If you have any questions , comments or suggestions, please shoot me a note. (You can also check out our Edge International web site at Edge-International.com)… Continue Reading

Guru to the Gurus: David Maister

Nearly three decades ago, in the early days of Edge International, there was only one writer in the area of managing a professional firm that commanded our unqualified respect and attention. That was David Maister. “Managing the Professional Services Firm” is the Bible, according to many leaders of some of the largest professional service firms … Continue Reading

THANK YOU Patrick Lamb for your “WOW” post

Patrick Lamb is synonymous with Valorem Law Group which is a driving force in changing how legal services are valued and acquired. After learning that Jordan Furlong was joining us, here’s (an excerpt from) what he posted: It’s like adding Wayne Gretzky in his prime to the team that already was the best team in … Continue Reading

“How the ‘Cravath System’ Created the Bi-Modal Distribution.”

Law Professor William D. Henderson (click on photo for bio) Managing Partners and law firm H.R. Executives should contemplate the meaning of Indiana University School of Law’s Prof. Bill Henderson’s post: "How the ‘Cravath System’ Created the Bi-Modal Distribution." Professor Henderson builds on the work of NALP (The National Association for Law Placement®, founded in … Continue Reading

“once-in-a-lifetime” – Valorem Law Group

As Nicole Nehama Auerbach joins Valorem, she says: “I saw Valorem as a once-in-a-lifetime opportunity to really make a difference in the way litigation is handled… I was captivated by the firm’s commitment to provide real value to business clients, and, in particular, its emphasis on alternative fees. Alternative fees are more important than ever … Continue Reading

“economically-irrational” associate salaries hit ceiling

The Wall Street Journal has a post called: Big-Law Associates Facing 2008 Salary Cap by Dan Slater. Here is a key paragraph from that post from which my title was derived: "We called around to firms to find out whether associate salaries, called economically-irrational in some quarters, have finally (or, at least, for now) hit … Continue Reading
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