We are at the end of another busy week in the world of legal technology. A major acquisition of a legal technology company took place. The DC Bar is expanding its interest in e-discovery. I do a quick update on a conference I attended last week. There are also a few articles I want to mention — one on the interface of lawyers and technology, another on “perils and pitfalls,” and a third on prenups. Yep, prenups.
The world of legal technology was quite busy this week. After culling through countless articles, press releases, and blog posts, I selected the stellar few, the finest gems, and most importantly, the ones I like, to share with the Above The Law faithful. I do it so you don’t have to.
Last week, the International Legal Technology Association (ILTA) held its annual meeting at the ARIA resort in Las Vegas. I attended ILTA’s annual conference in 2009, but unfortunately, due to a scheduling conflict that I call “work,” I was unable to make it this year.
Ironically, in looking at all the write-ups in various blog posts and news articles, I was surprised at how much information there was on this year’s conference. Although it’s generally better to report on things that you actually see in person, it’s also easy sometimes to get caught up in the minutiae and miss the big picture when you attend an event.
With that said, here are some items I found rather noteworthy….
In keeping with the highly optimistic “dey terk er jerbs” story lines of the last couple of weeks, such as Elie’s on how outsourcing could be great for associates, I thought I would address how attorneys working remotely on e-discovery projects could actually be a good thing for the future of Biglaw.
A couple of years ago, I was a legal recruiter for a small staffing agency placing contract attorneys on e-discovery projects in the Washington, DC area. The attorneys constantly asked me the same questions: “Is it true this is all going away?” Or, “Is all doc review really heading to India?”
I would respond by telling them not to worry about India, because the real threat would be coming from Indiana…
In a follow-up to Kash’s post on Monday regarding the newly formed Big Law Society, I volunteered to check out their first happy hour Tuesday night at the BlackFinn American Saloon in D.C. At first I thought it would be amusing to see the type of people who would attend such a gathering. But by 8 p.m. on Tuesday, I was tired and doubted whether I should go at all.
Moreover, I had reason to be suspicious, considering what the group posted about itself on its About page:
Big Law Society organizes social networking events for a very select group of legal professionals, with the aim of creating a community of talented, dynamic individuals. Memberships and invites to the Big Law Society events are limited to individuals with a unique professional background; however, qualified members are welcome to bring guests.
Seriously, I almost felt like I was crashing a middle school party for the “popular” kids, except with less interesting people….
“Believe me, kiddos, this is bad news for all of us.”
As many websites and blogs (including ATL) mentioned last week,The New York Times published an article by Heather Timmons entitled “Outsourcing to India Draws Western Lawyers.” The quote above was from the blog Shilling Me Softly giving its take on the article. As you can probably discern from The Times headline, the piece was very favorable toward legal outsourcing taking place overseas…
The words “The Next Frontier” were added to signal that social media for attorneys is going into its next phase. To Elefant and Black, lawyers can no longer ignore the impact of social media on the law, but rather must embrace it fully. Lawyers will have to deal with this new form of communication in order to be collaborative with one another and responsive to their clients.
So what does this have to do with Biglaw? Social media is more for small firms and solos who need to use these tools to market themselves over the internet, right?
Actually, Elefant and Black believe social media can have a huge impact on Biglaw, especially in regard to its women lawyers. And law professors should read on too — it’s possible that advances in social media will render law review articles irrelevant…
In the aftermath of last week’s “LeBromination,” where we witnessed the Miami Heat become the basketball power equivalent of the SuperFriends, this was the response from a colleague of mine to a related story gaining steam in the media:
“Yeah, and I’m Shaq’s uncle.”
The last two weeks have been quite a whirlwind for Leicester Bryce Stovell. As first reported by TMZ, and followed by a slew of other media outlets (including this video from Headline News), Stovell claims that he is the biological father of basketball star LeBron James. In making his claim, he did what any of us would have done: he sued his son and baby’s mama (Gloria James) for $4 million dollars.
Sounds a bit sketchy, right? After he was named our Lawyer of the Day last Friday, I decided to reach out to Stovell for an interview with Above The Law. It turns out that the former SEC lawyer currently works as a contract attorney here in DC, which means we are practically brothers, in a non-DNA-test sort of way.
Stovell gave me some frank, interesting answers — along with a startling revelation….
“Hey Mike, we’re having issues with your key fob. We need to reconfigure it.”
That may seem like a pretty random quote with which to begin a blog post, but trust me, it will soon make sense.
There has been a lot of chatter recently about contract attorneys and Biglaw. Some are finding themselves getting blacklisted left and right, which is not exactly breaking news in their corner of the e-discovery industry. Other contract lawyers are more resourceful, ahem, finding other gigs to support themselves. Earlier this week, there was another article about how contract attorneys are on the rise and how the pool of contract attorneys has never looked better.
Recently, however, between celebrating July 4th and our nation’s independence, knocking back a few Cuba Libres, and watching my beloved Argentine National Soccer Team completely self-destruct against the Germans, I was reminded of another aspect of being a contract attorney. (BTW, I say my Argentine National Soccer Team because my father is from Argentina. My mother was an American of Irish descent. Somehow, that makes me a Costa Rican. I know. I don’t get it either, but I digress.)
As a contract attorney, there are only two things the agency or firm you work with will definitively tell you: the day you start (and that’s not always so definitive) and the day you’re finished.
With that in mind, I decided to open a window into the world of contract attorneys and how they meet their fates in three separate instances. One I corroborated with several of my colleagues. Another I witnessed myself. Oh, and a third I am extremely familiar with, considering the attorney in question was me. Your feel-good post of the week awaits you, after the jump.
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!