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Technology Investments for Law Firms Moving Forward Post-COVID
Our forced experiment in change and technology adoption we are all, for better and worse, participating in can pay dividends: lawyers like their new, flexible work from home capabilities. In fact, most (67%) report they would like their job to stay remote once it's safe to return to the office, even if it's only a few days a week. (See, "Loeb Leadership COVID Survey Findings Report.")
A substantial benefit to a revisioned workforce is real estate reduction. Firms spend approximately 6% – 8% of gross revenue on real estate costs in major metropolitan areas. The new Cushman & Wakefield study on the ripple effects of COVID posits that law firms might be looking at a long term 40% reduction in 'in-office' personnel — which means real estate. (See, Cushman & Wakefield Bright Insight 2020.) This "right sizing" of the legal sector, that currently occupies two to three times the square footage per employee than other industries, is a sector correction that is long overdue. Ibid.
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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?
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.
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.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Protecting Innovation in the Cyber World from Patent Trolls
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.