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Addressing Value Challenges With Collaborative Workspaces
Today's law firms face unprecedented challenges in a highly competitive and rapidly evolving marketplace. Corporate clients, under intense pressure to cut costs and increase efficiency within their own organizations, are no longer willing to simply pay an hourly rate for services rendered in good faith. They are unapologetic in demanding increased accountability and demonstrable value from the legal teams who represent them. In particular, they are seeking more predictable litigation schedules and budgets and, understandably, they expect legal outcomes that reflect the costs of the services for which they are paying. Further, as users of progressive technologies themselves, corporate clients expect that their law firm will also embrace and be well-versed in technology to offer more effective representation and lower costs.
Meanwhile, law firms are struggling to get rapidly increasing costs under control in a global information economy that has ushered in exploding data volumes, diverse data formats, dispersed legal teams, and large-scale, complex litigation which frequently crosses geographical and jurisdictional borders. In an attempt to get a better handle on runaway costs and improve the accuracy of budget projections, many law firms look to sophisticated technological tools as an opportunity to defensibly manage and cull data and streamline workflows in a more efficient, less labor-intensive way.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.