Mar
16
The legal industry is known for adherence to precedent, not innovation. While precedent remains a guiding principle in the practice of law, innovation is transforming the models, methods, and players involved in the buy/sell process of legal services. Technology, process, access to institutional capital, re-reregulation, client demand for enhanced value,...
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Mar
08
Mark Cohen discusses his career and the changing legal market on LegalBusiness World podcast.
Mar
02
Legal education has received a great deal of criticism in recent years–cost, student debt burden, declining enrollment and selectivity, a baffling building boom, graduates that are neither practice nor market ready, dismal job statistics, etc. What has been largely overlooked in the legal education discussion is the plight of a...
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Feb
23
The rule of law is the foundation that supports the pillars of our democracy. It creates a social contract and is the arbiter of disputes as well as the insurer of basic human rights. Lofty stuff, but what exactly is the rule of law? The World Justice Project offers a four-pronged...
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Feb
16
It’s time the U.S. legal industry puts pressure on State Bars to effect re-regulation that promotes competition, sanctions law firm investment capital for technology, process, and retention of top-flight talent, and allows ‘non-lawyers’ to invest in law firms, share profits, and take them public. Australia sanctioned such re-regulation of legal...
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Feb
09
The Center for the Study of the Legal Profession at Georgetown University Law Center and Thomson Reuters Legal Executive Institute recently released their 2017 Report on the State of the Legal Industry. ‘The Georgetown Report,’ as it's commonly referred to, confirms that corporate legal buyers are directing more work away...
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Feb
03
Our democracy is in crisis. For the first time, the Economist magazine has downgraded the U.S. in its ‘Democracy Index’ from a full democracy to a flawed one, based on its assessment of the electoral process, civil liberties, the functioning of government, political participation and political culture. The demotion centered...
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Jan
19
There’s an old saying among trial lawyers that “Tough cases make great lawyers.” It came to mind during a recent visit to the doctor. My doctor-let’s call him Doug- walked into his office where my wife and I were already seated. His silver hair and crisp white lab coat were...
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Jan
04
Axiom, a legal staffing-turned-technology company, recently announced a five-year deal with Johnson & Johnson (J & J) to provide multi-shore contract management services to the pharmaceutical giant. Axiom will support J&J’s global procurement contracting function, helping to standardize its vast trove of procurement agreements across a dozen contract types and...
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Dec
29
Let’s face it: the legal profession is not feeling the love these days. A recent Pew opinion poll ranked lawyers dead last among ten professions for ‘contributions to society.’ There’s more than a bit of self-loathing among lawyers, too. A recent study initiated by The American Bar Association (ABA) and...
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