So, I’ve been in New York for a few days now. I’ve eaten pizza the way you are supposed to, I’ve spent a lot of time underground, and I’ve stayed out drinking until 4 a.m. Just the usual stuff people do here.
On Monday afternoon, everyone was caffeinated, and the halls of the New York Hilton were crowded. I attended my first panel yesterday morning: “Global Trends in Law and Technology.” The panelists covered some familiar topics, and the discussion revealed an important shift in the way attorneys relate to technology.
Keyword searching is absolutely terrible, in terms of statistical responsiveness.
– Magistrate Judge Andrew Peck (S.D.N.Y.), in a panel today at the LegalTech conference. He spoke alongside Wachtell Lipton counsel Maura Grossman and Jackson Lewis partner Ralph Losey, on a panel that aimed to demystify cutting-edge, computer-assisted e-discovery technology. Peck is a vocal proponent of computer-assisted discovery and predictive coding. He is not a fan of the slightly older keyword-searching technology.
(A few minutes later, Losey had another strong opinion to add. See what was said, after the jump.)
Plaintiffs’ lawyers in class action cases: are they heroes, or villains? Do they make too much in fees, leaving the classes they represent high and dry? Or could it be argued that they make too little for the work that they do?
Critics of the current legal-education model, including my colleague Elie Mystal, have accused the American Bar Association of failing to uphold sufficiently stringent accreditation standards. ABA-accredited law schools proliferate, even though thousands of law school graduates find themselves unemployed or underemployed.
I recently spent a week in Denver over two days (“ba dum bum”). The day I arrived, the temperature hit a record high of 80 degrees, and it snowed several inches the next evening. I was supposed to be attending (and enjoying) the Association of Corporate Counsel’s Annual Meeting, but instead, I was frantically trying to close deals for month end. A constant barrage of emails and calls from clients kept me from really focusing on the innumerable offerings at the conference.
I have written before in this space about my membership in ACC, and no, I don’t get paid to mention what a wonderful organization it is, and has been, for this fairly new in-house attorney. I cannot stress enough the importance of an organization like ACC for a new in-house counselor. Not only are there countless resources available on the ACC website — everything from forms, templates, e-groups, and career services — but there are also any number of networking opportunities for the enterprising lawyer….
Last week was my company’s annual legal conference. This year, lawyers from around the world descended upon the cultural and historic haven called New Orleans. And we had lots of stuff planned. And I don’t mean just food. Although the week did feel kind of like this:
Food / Event / More Food / Event / AND More Food / Event / Full-on Food “Event”
We spent a part of the first day volunteering with a New Orleans-based organization called St. Bernard Project. SBP is an amazing non-profit that was formed 5 years ago by a lawyer (Zack Rosenburg) and a teacher (Liz McCartney). After a week’s visit to New Orleans, these two decided to give up their lives as they knew them and settle in New Orleans to help people whose homes and lives were devastated by Hurricane Katrina and the Oil Spill. SBP has several programs and about 60 of us worked in the effort to rebuild houses — painting, removing siding, installing insulation, et cetera. SBP is all about quality when it comes to rebuilding homes; so if the air bubble in the level you’re using is even just touching one of the vertical lines on either side, you can expect an earful from your supervisor who won’t care that your “real” job doesn’t involve the use of power tools. Unless it’s April Fool’s Day at the office. (More on that at another time.)
Our legal conference also included a couple of training sessions. One of them was held by Second City. Yes, Second City — you know, the famous comedy club/school that has trained (among other comedy elites) the entire original cast of Saturday Night Live?
On Tuesday of this week, I popped over to San Francisco for the Computer Forensics Show. It’s a small tradeshow targeted at attorneys, accountants, IT professionals, and law enforcement.
I sat in on one legal technology-related panel that was particularly entertaining and informative. Many, if not most, of the people in the room were not attorneys. It was interesting to be a part of a non-attorney crowd and a reminder of how many people really don’t understand basic legal technology principles. What I heard underscored was the importance of maintaining a technology dialogue between legal and other parts of the business.
It was also chance to hear some awesome war stories from a veteran partner at a major law firm. Why did Archie Comics threaten to sue a baby? Why doesn’t Madonna like porn? Why aren’t you allowed to have the domain name fcukpenguins.com?
At the Creating Pathways to Diversity Conference, sponsored by the Minority Corporate Counsel Association (MCCA), there was a great lunchtime discussion called “Her Stories: The Evolving Role of Women in Business and Law.” It featured a panel of heavy hitters: two women currently serving as general counsel to Fortune 500 companies, and a third who previously served as GC to no fewer than four Fortune 500 companies over her career.
What does their rise say about the changing role of women in the corporate legal world? How did they get to their lofty perches? And what advice would they offer to lawyers aspiring to such successful careers?
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: