
Big Accounting Is Coming To Biglaw
Law firms may soon have to compete with accounting firms for clients.
Law firms may soon have to compete with accounting firms for clients.
Law firms need to get scrappy and creative to succeed.
A culture of innovation with strategic AI like Lexis+ AI is revolutionizing law firms by boosting efficiency and deepening client relationships.
* Loretta Lynch is re-joining the private sector. The former Attorney General is heading to Paul Weiss. [National Law Journal] * Consistency? From Mitch McConnell? About the Supreme Court? HAHAHAHA. [The Hill] * A deeper look at the case against former Skadden counsel, Greg Craig. [Politico] * Are you a lonely lawyer? Ironically, you are not alone. [Law.com] * "Gay Panic" may not be a defense in New York much longer. It's about time. [New York Law Journal] * Yeah, you really should be worried about the Big Four accounting firms moving into Biglaw territory. [Big Law Business]
* Special counsel Robert Mueller is seeking immunity for up to five witnesses who are set to testify in Paul Manafort's upcoming bank and tax fraud trial. Oooh, who are these mystery parties and why do they deserve amnesty? [USA Today] * Just how conservative is Judge Brett Kavanaugh? Using Judicial Common Space scores, Kavanaugh lands "just to the left of the arch-conservative [Justice Clarence] Thomas." Yay. [FiveThirtyEight] * Be careful out there, small firms. According to a report from the Association of International Law Firm Networks, it's not Biglaw firms that should be afraid of the Big Four, but instead, independent firms in mid-sized markets. [American Lawyer] * Remember Evan Greebel, the ex-Biglaw partner who was convicted of conspiracy to commit wire and securities fraud thanks to his representation of pharma bro Martin Shkreli? Per his colleagues, after his "terrible encounter with the devil incarnate," Greebel shouldn't get jail time like his former client. [New York Law Journal] * When it comes to law school applications, it's very helpful to know the difference between early decision (binding) and early action (nonbinding), but it's even more helpful to know the difference between out-of-state tuition (drowning in loans) and in-state tuition (treading water in loans). Do your research, applicants! [U.S. News] * Robert Traurig, co-founder of Greenberg Traurig, RIP. [Daily Business Review]
* According to White House counsel Don McGahn in comments made at CPAC, President Trump has picked judicial nominees "he can relate to." Hmm, so maybe that's why he chose people like leading legal luminaries Brett Talley, Jeff Mateer, and Judge John Bush. [National Law Journal] * Former Trump campaign chairman Paul Manafort and his onetime aide, Rick Gates, face tax and bank fraud charges in a new 32-count indictment in special counsel Robert Mueller's Russian election interference investigation. Do ya feel like taking a plea and cooperating now? [Bloomberg] * Missouri Gov. Eric Greitens was indicted by a grand jury on a Class D felony charge of invasion of privacy after allegedly tying up a woman he had an affair with, taking a nude picture of her, and threatening to release it. He doesn't intend to resign and called the Circuit Attorney on the case a "reckless liberal prosecutor." [USA Today] * Look out, Biglaw, because the Big Four are coming for you. Accounting firm PwC, which already has more than 1,000 legal contractors, is planning to expand its Flexible Legal Resources offering into global markets. [American Lawyer] * A Reed Smith partner's widow has asked the Seventh Circuit to uphold a $3 million jury verdict against GlaxoSmithKline for its failure to warn about an alleged risk of suicidal behavior on Paxil's labeling. Her late husband took his own life days after starting a generic version of the antidepressant drug. [Big Law Business]
The existential threat to law firms may not be technology after all.
"Decrypting Crypto" is a go-to guide for understanding the technology and tools underlying Web3 and issues raised in the context of specific legal practice areas.
'Big Four' accounting behemoths are opening law firms. Biglaw should be scared.
Among the possible impending disruptors analyzed by Bruce MacEwen's Tomorrowland include the Big Four accounting firms grabbing market share from Biglaw.