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Features

How Analytics Is Shaping the Current and Future Practice of Law Image

How Analytics Is Shaping the Current and Future Practice of Law

Jeff Pfeifer

The nature of legal work today and the need to consume vast amounts of unstructured text make our profession a ripe target for the promise of machine learning and artificial intelligence.

Features

Law Firm Strategy Execs Wield Uneven Clout Image

Law Firm Strategy Execs Wield Uneven Clout

Lizzy McLellan

The role of chief strategy officer (CSO) — increasingly common in corporate America — has been adopted by relatively few law firms. Consultants say perceptions of what the position entails and whether it's necessary vary widely throughout the legal industry.

Features

The Business Intelligence to Competitive Intelligence Continuum Image

The Business Intelligence to Competitive Intelligence Continuum

Mark T. Greene

Not too many years ago, good decisions made by smart lawyers were sufficient. Law firms were raising their fees substantially every year and attorney incomes were soaring. Now, corporate buyers are largely calling the shots, and excellent decision-making by law firm leaders is required as firms work to maintain their profitability.

Features

<b><I>Leadership:</I></b> How Do You Measure Up? Image

<b><I>Leadership:</I></b> How Do You Measure Up?

Silvia L. Coulter

Whether a firm has poor leaders, leaders with no vision, leaders who micro-manage or leaders who are downright dysfunctional, somewhere in the firm there is an opportunity to help a leader or a group of leaders to become more effective.

Features

Professional Development: BD Is Not Just for Lawyers and Legal Marketers Anymore Image

Professional Development: BD Is Not Just for Lawyers and Legal Marketers Anymore

Michael DeCosta

Marketing and business development in law firms is no longer the exclusive domain of marketing and business development executives. Many more executives are pursuing revenue in one form or another, and those dedicated to the function should welcome this development rather than feel threatened by it.

Features

Motivating Attorneys to Establish Firm Objectives Image

Motivating Attorneys to Establish Firm Objectives

Joel A. Rose

<b><I>Part One of a Two-Part Article</I></b><p>The two major challenges now facing lawyer management in many mid-size firms are: 1) how to motivate the non-entrepreneurial attorneys to achieve and to perform; and 2) how to retain the "over-achiever" attorneys so they will remain with the firm.

Features

'I Can't Get No Satisfaction' — Or Can I? Image

'I Can't Get No Satisfaction' — Or Can I?

Bruce Lithgow

<b><I>How Lawyers Can Maximize Job Satisfaction</I></b><p>Multiple studies suggest that lawyers are among the least satisfied of all professionals. What many lawyers fail to realize, however, is that satisfaction is not as elusive as it seems. If you are among the majority of attorneys who fall somewhere below 85% on the satisfaction scale, you can do something about it.

Features

Enhancing Lateral Partner Opportunities and Compensation Image

Enhancing Lateral Partner Opportunities and Compensation

Randi Lewis

You are a partner in a law firm and you have decided to make a lateral move. You want it to be the right move to a better platform. Where do you start and how do you maximize the likelihood of a successful outcome? The more you are prepared to answer and ask questions, the greater the likelihood this next move will be an optimal one for you and the firm you are joining.

Features

The Role of Mindfulness in Effective and Ethical Lawyering Image

The Role of Mindfulness in Effective and Ethical Lawyering

Brenda Fingold

<b><I>Beyond Knowledge and Good Intentions</I></b><p>A 2015 Harvard Business Review article, "Mindfulness Actually Changes the Brain," concludes that "Mindfulness should no longer be considered a "nice-to-have" for executives. It's a "must-have": a way to keep our brains healthy, to support self-regulation and effective decision-making capabilities, and to protect ourselves from toxic stress."

Features

Changing Compensation Strategies Put Partners Under Pressure Image

Changing Compensation Strategies Put Partners Under Pressure

Nell Gluckman

<b><I>Firms Are More Willing Than Ever to Frequently Adjust Pay to Hold on to Their High Performers</I></b><p>The legal profession has never been more cutthroat. As the race for revenue intensifies, firms are putting more pressure on their partners to perform in a number of criteria. If they don't, it will be reflected in their compensation, title and possibly their place in the firm.

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MOST POPULAR STORIES

  • Private Equity Valuation: A Significant Decision
    Insiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.
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