This week, after boring myself to death listening to Lillian McEwen discuss Clarence Thomas’s “activities” on Larry King, I knocked back a couple cans of Four Loko to ease the pain and got right to work on this week’s Rundown.
Lots of free stuff available after the jump, including a free e-book on legal productivity, a newsletter on social media and the law, and a whitepaper on law practice management. There’s also a website that covers the entire history of social media from way back in the day when we had Usernets and BBS, and another article on how dubious discovery could land you in the slammer.
So let’s get on with it. Here is this week’s Rundown…
This week, in between eating as many burgers with extra onions as I could at Rogue States, and lobbying heavily for my law school to be more like Harvard and hide their GPAs (in my case, I was really hoping they could implement that retroactively), I managed to collect lots of good material for this week’s Rundown.
Among other things, the Rundown features a major merger, more on predictive coding, another Masters Conference write-up, several surveys, a cartoon caption contest, how technology is helping those in pro bono — and, oh, a bit of litigation that could last a long, long time….
This week, while taking a break from my favorite pastime — hanging out with strippers and snorting coke with federal judges — I attended the Masters Conference in Washington, DC. For those of you who aren’t familiar with this conference, it has carved out a significant niche for itself in the e-discovery universe. The Masters Conference is a gathering of legal technology thought leaders from all over the world, who come together every year at this time to talk about all things e-discovery. The yearly meeting was the brainchild of entrepreneur extraordinaire Robert Childress, president of Wave Software.
After attending last year’s Masters Conference, I thought I knew what to expect again this year: a small meeting (certainly not on the level of a LegalTech or an ILTA Annual Meeting), with the usual suspects, and similar — if not the same — topics of discussion.
Well, what a difference a year makes! The Masters Conference may only be in its fifth year of existence, but it seems to have just had its coming-out party. I’ll give you my three takeaways, after the jump…
Welcome to the latest installment of The Rundown, a review of recent developments in the world of legal technology. Let’s plunge right in.
* Happy Birthday to Clio, a legal technology company that helps to streamline law offices. Clio is officially two years old, which is like twenty years in Biglaw.
* I pick up a lot of information about legal technology on Twitter. Two of the best people to follow in this subject area are Rob Robinson of Orange Legal Technologies and Eric Feistel of Integreon. These guys tweet out a plethora of information on a daily basis. It should be no surprise that in a past life they used to work together for another vendor.
* Another writer who has a firm grasp of e-discovery issues is Greg Buckles of ediscoveryjournal.com. This week he has an interesting post about vendor trends at LegalTech, which — hard to believe — is right around the corner.
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.
That’s the question that Arin Greenwood — who previously brought us this great article, as you may recall — tackles in a long but interesting piece for the Washington City Paper, entitled Attorney at Blah. Greenwood writes:
For more and more law school graduates, this is the legal life: On a given day, they may plow through a few hundred documents—e-mails, PowerPoint presentations, memos, and anything else on a hard drive. Each document appears on their computer screen. They read it, then click one of the buttons on the screen that says “relevant” or “not relevant,” and then they look at the next document.
This isn’t anyone’s dream job, but more and more lawyers in big cities around the country are finding that seven years of higher education, crushing student loans, and an unfriendly job market have brought them to windowless rooms around the city, where they do well-paid work that sometimes seems to require no more than a law degree, the use of a single index finger, and the ability to sit still for 15 hours a day. Is this being a lawyer? It is now.
The best stuff is at the beginning, in which Greenwood paints a vivid (and hilarious) picture of a temp attorney’s daily grind of document review. The end of the piece, a description of the grim realities of the legal job market for most law school graduates, might be interesting to lay readers, but it will be all too familiar to anyone who’s heard of Loyola 2L.
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
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: