Lat here. Tomorrow is a big day. First, April 15 is Tax Day; we hope that you’ve filed your return — and that you haven’t been taken advantage of. Second, it’s the deposit deadline at various law schools. We hope that you’ve made up your mind — and that you haven’t been taken advantage of.
Helping people make informed decisions is the goal of our popular column called The Decision. We field queries from prospective law students choosing between different schools, offer them advice, and ask ATL readers to weigh in as well.
Now, on to today’s scenarios. We’ve titled them “Jersey Boys” and “The Book of Mormon,” for reasons that will soon become apparent….
Today is the first day of April. You know what that means (besides April Fools’ Day jokes). It’s almost time for prospective law students, the future members of the class of 2017, to decide where they want to go to school.
A lawsuit filed earlier this month has raised the ire of several leading lawyers and legal bloggers. Noted First Amendment attorney Marc Randazza — a panelist at our Attorney@Blog conference, by the way — describes the case as “truly disgusting.” Ken White of Popehat, another prominent commentator on the legal profession, calls the suit “despicable” and “thoroughly contemptible,” writing that he “cannot remember a lawsuit that so immediately repulsed and enraged.”
Let’s find out what all the buzz is about. Which law firm filed this controversial complaint, what is the case about, and how bad is it?
There is a popular conception, within and without the legal industry, of lawyers as Luddites. If this is true, there is a massive disconnect between the burgeoning legal technology industry — on abundant display at the recent LegalTech New York Conference — and its would-be clientele, lawyers themselves. Can it be that while legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of the attorneys toward these emerging technologies? Considering that these technologies are promising (threatening?) to transform the profession and practice of law, this would be a curious attitude.
On attending this year’s LegalTech panel on the findings of the ILTA Tech Survey, Joe Patrice could not help but conclude that there is a “profound lack of technological savvy among law firms.” To cite but a few examples: 80% of lawyers do not record time on a mobile device. Nearly 90% of firms do not maximize their cybersecurity capabilities. Nearly one-third of firms are using a version of Word that’s seven or more years old. And so on. The survey’s findings do little to contradict the idea that “technology leaps, the law creeps.”
Further reinforcing this “Luddite” notion is the Flaherty/Suffolk University Law School tech audit. This tool tests a range of fundamental technical competencies of law firm associates and the results can be construed as evidence of a lack thereof common to law firms. According to Casey Flaherty, an in-house counsel at Kia Motors and the creator of the audit, the failure rate of associates attempting the test is, thus far, one hundred percent.
A couple weeks back, we conducted a little survey of the ATL audience concerning your familiarity with some legal tech concepts. These ranged from the most “basic” (from the perspective of the tech world) to the somewhat more obscure (e.g., “dark data”). Besides your familiarity (or not) with these concepts, how relevant are they to your current or future practice? How successfully is your employer addressing these issues?
I observed that while this photo wasn’t as funny as the one from our last caption contest, sometimes subtler photos inspire better captions. Check out the finalists for this caption contest and see if you agree….
Our ten nominees for 2013 Lawyer of the Year honors were a distinguished and diverse group. They included a Supreme Court justice, a U.S. Attorney, a governor, a law school dean, and some of Biglaw’s brightest stars. They also included a plaintiffs’ lawyer accused of awful acts, a shameless self-promoter fond of letting it all hang out, and a young attorney with a problematic sideline. We cover it all here at Above the Law.
Our prior winners have come from the savory rather than salacious side of the ledger. Here are ATL’s past Lawyers of the Year:
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: email@example.com.
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 firstname.lastname@example.org or email@example.com. 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!