Thanks to the economy, the legal industry has changed. It’s a sink-or-swim world out there, and law firms are rapidly increasing their use of modern technology to assist them when it comes to working more efficiently and reducing spending.
A surefire way to accomplish both goals is by taking advantage of alternative fee arrangements. But what can your firm to do to change the way it bills? Are there any strategies that are actually effective?
Check out this video from Thomson Reuters to hear top attorneys explain how the new economy has changed the established billing model, and to learn how they make alternative fee arrangements work, particularly with the help of WestlawNext.
We all know the legal industry is changing. It’s a sink-or-swim world, so law firms simply have to use modern technology to help them work more efficiently and reduce spending.
One way to do that is by taking advantage of alternative fee arrangements. But the real question is: what strategies — that actually work — can you and your firm use to change the way you bill?
Check out this video from Thomson Reuters to hear top attorneys explain how exactly the new economy has changed the established billing model, and to learn how they make alternative fee arrangements work, particularly with the help of WestlawNext.
Where would lawyers be without open (and absurdly expensive) access to Westlaw and Lexis-Nexis for legal research? They’d have to trudge down to the closest law library and read real books made of paper. They’d have to head over to the courthouse and pull actual files with non-electronic documents inside of them. In a time where legal texts are used solely for decorative bookshelf purposes, that is just too much to ask.
But that is the behavior that two lawyers would expect of their professional colleagues. As we mentioned in Morning Docket, they claim that the legal database providers have been engaging in “unabashed wholesale copying of thousands of copyright-protected works created by, and owned by, the attorneys and law firms who authored them.”
Do they have any chance of winning their class action copyright suit?
* And now another reason for lawyers to hate other lawyers (even more than they already do): Westlaw and LexisNexis are being sued for copyright infringement for selling access to publicly filed legal documents. [WSJ Law Blog]
* After finally realizing that he was a lawyer and not an agent — and that his most infamous client wasn’t worth as much as he thought — Jose Baez dropped Casey Anthony like a bad habit. [Miami Herald]
Back in June, we notified our readers about a fabulous job opportunity for attorneys in Philadelphia. There was one catch: the applicant had to be a “sharp dresser.” In fact, “no casuals” need apply for this lucrative position.
Apparently, the maverick behind the original Craigslist ad is still searching for a partner in crime law practice, because the job listing has reappeared.
And this time, if you’re thinking of applying, you had better get your headshots ready….
'How do I get these stupid marks to disappear from my document?'
Over the last few weeks, I’ve written about some über expensive and embarrassing examples of lawyers making technological mistakes.
Those stories involved sexily scandalous blunders, but they were relatively extreme scenarios. (If turning over thousands of privileged documents happens regularly at your firm, may God help you.)
More frequently, firm employees deal with little technological snafus that are just annoying, pointless, and a waste of time. In a world where attorneys might literally be working themselves to death, every second of the day counts. It’s when people can’t handle mundane, seriously easy computer tasks that daily tasks become inefficient and infuriating.
Keep reading for some true stories of the technologically challenged….
Although no accredited law school offered night classes, public interest did not require granting of accreditation to law school offering night classes, absent a sound operation, because there was no compelling need for additional law graduates.
So you spent a considerable amount of time courting, selling and maybe even doing some friendly stalking of that attractive lateral partner candidate with a sizable book. After he or she ignored your emails and didn’t return your calls, a few weeks go by and you read a press release in the legal media announcing the recent move to a competing firm.
Rats. Another one got away from you. You cringe when you consider how much time was spent in meetings that did not bear fruit. Your heart aches when recall how you were led to believe this was a marriage made in heaven.
You have been rejected.
The sting of rejection is painful, even for fancy law firms. But you need to find a way that you can turn this disappointment into a legitimate learning experience.
No, this isn’t a pre-party before we come back next fall for the real thing. This IS the real thing. Quinn Emanuel is pushing the envelope on recruiting. The party is now. This is when you meet the partners and associates face to face. This is when we begin the dance that could land you an offer for your second summer BEFORE school starts in the fall.
First: You come to the party. Second: If you like us, you send your resume after June 1, 2014. Third: If we like each other, you get an offer.
We’re not waiting for fall. We’re not doing the twenty minute thing. This party is the real thing!
We hope you’ll join us, and look forward to meeting you.
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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
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