Big Four goliath Ernst & Young (EY) announced it will be acquiring Riverview, a UK-based alternative legal service provider (ALSP). The deal has drawn considerable media coverage. “Big deal or big yawn?”... read more →
Last month I wrote an article, When the Numbers Don't Add Up: Vermont Law School's Tenured Faculty Purge and What It Portends. It cast a harsh light on the economics... read more →
The American Bar Association (ABA) is mired in a slump. The once-venerable organization, about to mark its 140th birthday, is awash in bad news. Membership is declining; revenue is down; last... read more →
Vermont Law School (Vermont) recently announced it had issued pink slips to 14 of its 19 tenured faculty members. This is not the first time a law school has terminated... read more →
A recent speech to a global network of lawyers and accountants highlighted the curious relationship they share. Lawyers and accountants are simultaneously collaborators and competitors. The paradox is reconciled by... read more →
Law is staging its own version of “every kid gets a trophy.” Its award season is longer than baseball’s, and the list of award categories rivals the Oscars. Every week,... read more →
“Time is Money” wrote Benjamin Franklin in a 1748 essay titled Advice to a Young Tradesman. Franklin was a polymath–scientist, statesman, publisher, inventor and diplomat. Is it coincidence that he... read more →
Milbank Tweed created an industry-wide stir when it announced recently a bump in first-year associate salary to $190K per year. The firm will also award $10K-$15K raises to incumbent associates.... read more →
Law is seldom associated with entrepreneurs. Lawyers are a cautious bunch focused on precedent, risk containment, and tend to be reactive–not innovative. Entrepreneurs are a different breed. They create new... read more →
‘Legal innovation’ is no longer an oxymoron. The staid, precedent bound, legal guild is slowly morphing into something different. The contours of the new legal order are still being shaped and the... read more →