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Tightening Antitrust Enforcement Could Be Boon for E-Discovery
U.S. antitrust enforcement is tightening, and e-discovery practitioners and vendors that have positioned themselves in the M&A market are expecting an uptick in work. But the influx of time-consuming and complex M&A discovery may drain resources for other corporate e-discovery matters.
To be sure, it's not just President Joe Biden's picks to lead antitrust enforcement in the U.S. Department of Justice or Federal Trade Commission that has heightened the e-discovery community's work expectations. Stiffer and more complex antitrust enforcement is also signaled by Biden's July 9 executive order on promoting competition, said Joey Seeber, CEO of alternative legal service provider (ALSP) Level Legal.
"There's going to be a lot more scrutiny not just on the monopoly power or the lack of competition but the data and the privacy of data," Seeber said. "[In] the executive order a couple of weeks ago the Biden administration linked privacy to competition. It's a backdoor way to regulate privacy because they have not been successful in federal legislation. That will make [the work] very complex."
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Top 5 Strategies for Managing the End-of-Year Collections Frenzy
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
The Self-Service Buyer Is On the Rise
Law firms and companies in the professional services space must recognize that clients are conducting extensive online research before making contact. Prospective buyers are no longer waiting for meetings with partners or business development professionals to understand the firm's offerings. Instead, they are seeking out information on their own, and they want to do it quickly and efficiently.
Should Large Law Firms Penalize RTO Rebels or Explore Alternatives?
Through a balanced approach that combines incentives with accountability, firms can navigate the complexities of returning to the office while maintaining productivity and morale.
Sink or Swim: The Evolving State of Law Firm Administrative Support
The paradigm of legal administrative support within law firms has undergone a remarkable transformation over the last decade. But this begs the question: are the changes to administrative support successful, and do law firms feel they are sufficiently prepared to meet future business needs?
Tax Treatment of Judgments and Settlements
Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.