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Using legal data for strategic lawfirm planning is no longer reserved for BigLaw. For lawfirms, it’s critical to gather intelligence about real-time trends that are creating sharp and sudden changes as well as longer-term trends affecting the overall health of your markets.
Depending on your point of view, there’s either lots new or “not so much” new with lawfirm ownership. In a nutshell, it says that lawyers must own lawfirms. But critics contend the rule contributes to low innovation and the high cost of services and is a considerable factor in the country’s access to justice problem.
Lawyers have been working “remotely” for decades — from the courts, in their cars, from suburban outposts, at clients’ offices and, yes, from home. As firms make plans to return to the office in the coming months, many are looking to adopt remote work 20% to 50% of the time. Now we just call them lawyers.)
In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why LawFirms Should Rethink the Billable Hour in the Generative AI Era, [1] we hypothesize that Generative AI (GenAI) technology will change forever how legalservices are delivered and will force lawfirms to re-engineer their legacy economic model.
As lawyers, we are in a service industry. However, I suspect most of us did not sign up to be on call to provide legalservices 24-7. Urgent matters are those that require immediate attention, such as a client who tells me on Wednesday that they have a filing due to the court by Friday. My urgent rate will be $400/hour.
The court granted the IRS permission to serve “John Doe” summonses on 10 entities including Federal Express Corporation and its affiliates, DHL Express, UPS, the Federal Reserve Bank of New York, The Clearing House Payments Company LLC, HSBC Bank USA, Citibank NA, Wells Fargo Bank NA, and Bank of America NA.
* Will the rest of the Big 4 follow KPMG's lead into legalservices? American Lawyer ] * Associates getting squeezed by new firm hiring model. [ ABA Journal ] * TikTok warns of grave constitutional consequences if Supreme Court goes through with ban. Reuters ] * Rare three-way lawfirm merger.
The Arizona Supreme Court has approved the first three entities to be licensed as alternative business structures, enabling businesses owned by non-lawyers to deliver legalservices under the liberalized licensing rules the court approved last August. Court order approving application.).
As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how lawfirms operate. The continuous evolution of legal technology is not just a trend; it’s a fundamental shift in how legalservices are delivered, managed, and experienced.
In 2020, the Arizona Supreme Court established its Alternative Business Structure (ABS) program which allows nonlawyers to have an economic interest or decision making authority in a lawfirm. Specifically the lack of legalservices for low-income individuals and rural communities.
Conversations about revenue and efficiency only get in the way of a good conversation about Supreme Court cases from the late 1880s. But, really, it’s the lawfirms that can accommodate the most work, that make the most money. It turns of those questions about widget-making weren’t just built for lawfirm hypotheticals.
Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Legal teams are being pressed to control costs and better respond to changing regulatory and risk management obligations. Increasing law practice specialization.
Dean Whalen, Chief Legal Officer of Readback, a new AI-assisted deposition court reporting platform, explains how AI-assisted court reporting addresses the stenographer talent crunch — with added benefits. What Is AI-Assisted Court Reporting? AI-assisted court reporting is a hybrid model of AI and humans.
Technology continues to flourish in the legal community as online marketplaces provide impressive transparent legal support services to lawfirms. Marketplaces are the ultimate way for legal support services to improve systems with unique and time-saving features. Vetting of service providers.
The post 4 Common Challenges LawFirm Workflow Management Can Solve appeared first on Rocket Matter. Worse, they often pull legal practitioners away from the actual billable work leaving the firms revenue at peril. LawFirm Workflow Management : How Can Automation Help Attorneys?
The post 4 Common Challenges LawFirm Workflow Management Can Solve appeared first on Rocket Matter. Worse, they often pull legal practitioners away from the actual billable work leaving the firms revenue at peril. LawFirm Workflow Management : How Can Automation Help Attorneys?
Get free e-book For modern lawfirms, selecting suitable tools is no longer a matter of choice but of necessity. The right technology can automate processes, enhance output, and ensure that a legal company remains relevant in the market. In a competitive legal world, AI is a winner.
Financial services startups have carved out niche segments for millennials, homeowners, entrepreneurs and bitcoin investors. Similarly, lawfirms are finding success by focusing on a particular industry or area of law, such as real estate, environmental law, immigration, civil litigation or a host of other specialties.
As a boutique lawfirm, your specialized legalservices have undoubtedly carved a unique space within the legal landscape. However, the administrative tasks integral to managing a small or specialty lawfirm can often pose significant challenges. Enter practice management software.
In a marriage of pro bono platforms, Paladin , a company whose platform connects lawyers with opportunities to provide free legal help, has acquired Pro Bono Manager , a product developed by Pro Bono Net to enable large lawfirms to manage and measure their pro bono programs.
Last August, Arizona became the first state to eliminate the ban on non-lawyer ownership of lawfirms. In its statement announcing the order , the court described its move as making “far-reaching changes that could transform the public’s access to legalservices.”. A reminder that we are on Patreon.
The Arizona Supreme Court has granted an alternative business structure license to law company Elevate , enabling Elevate and its affiliated lawfirm, ElevateNext, to operate as a single entity in that state, the company says. Related: LawNext: Supreme Court Justice Ann Timmer on Arizona’s Sweeping Regulatory Reforms.
This dispatch is from Samar Veer, a third-year law student at National Law University, Delhi. In a major departure from longstanding policy , the Bar Council of India (BCI) last week issued a notification permitting foreign lawfirms and foreign lawyers to advise clients on broad foreign law and international arbitration issues.
Legal departments that have converted to VBP report significant reduction in outside counsel spend (20% – 50%), improved budget predictability, and reduced administrative costs. Jurisdiction This factor considers the court and the geography in which the matter is adjudicated.
A Stanford Law School study published today of regulatory reforms in Utah and Arizona finds that they are “spurring substantial innovation,” that they are critical to serving lower-income populations, and that they do not pose any substantial risk of consumer harm.
Axiom , a company that is one of the longest-running alternative legalservices providers, this week stepped into the world of regulated legalservices as it formally launched Axiom Advice & Counsel , an Arizona lawfirm. How will this new corporate-owned lawfirm differ from traditional firms?
By way of example, many lawfirms transitioned to remote working at the start of the pandemic and many continue to have work-from-home mandates in place. Similarly, videoconferencing has become the norm, and court appearances, hearings, and trials are now occurring virtually on a regular basis in many jurisdictions.
The Reasonableness of a Fee When Are Legal Fees Earned? The ‘Reasonable Test’ Remains Universal Resources About the Illinois Supreme Court Commission on Professionalism. They provide the client with some certainty about the cost of legalservices and lawyers with more financial stability and consistency in taking on client matters.
Mobile Accessibility: Bankruptcy attorneys often need access to case information outside the office, especially for court appearances. This automation allows attorneys and staff to focus on more strategic aspects of cases, like developing legal strategies or negotiating with creditors.
In a first for an e-discovery technology company, Chicago-based Nextpoint is launching an Arizona lawfirm June 1 under that state’s liberalized law practice rules that allow non-lawyers to own law practices. Its lawyers will not appear in court. ” Leading the firm as managing partner is Andrew R.
Cloud Courts first-ever in-person CLE event, held last week at the vibrant Surly Brewing Co. The event, themed "Brewing the Future: In-House Legal in the Age of LegalTech and AI," brought together 100 registrants from in-house legal departments, lawfirms, and legalservice providers.
JURIST EXCLUSIVE – Law students and lawyers in Afghanistan are filing reports with JURIST on the situation there after the fall of Kabul to the Taliban. This directly resulted in the provision of professional and result-oriented legalservices that later on helped decrease of the public’s negative perception of the formal justice sector.
In what it described as a case pitting “real lawyers against a robot lawyer,” a federal court in Illinois has dismissed a lawfirm’s suit against the self-help legalservice DoNotPay. “MK claims to advertise its services online, but it does not provide those services online. .”
A number of lawfirms are shutting down intake, reducing advertising spend and limiting marketing efforts. Many attorneys don’t want to market their services right now in light of the coronavirus pandemic, because they don’t want to be seen as profiting from tragedy. That’s the wrong play.
About Veritext Legal Solutions Founded on a commitment to excellence, Veritext has become the trusted partner and established market leader in litigation technology and legalservice solutions for lawfirms, government agencies and enterprise corporations.
Regulatory reform is needed to make sure there is coverage for “legal deserts” where citizens have access to few or no lawfirms. ” What Do Legal Deserts Mean for Citizens Who Need Help? A lawyer in rural North Carolina shared that his lawfirm was one of two in a 40-mile radius.
Despite their practice area, size, or location, all lawfirms have one thing in common—they want less non-billable work. Small LawFirms Report revealed that spending too much time on administrative tasks is a top challenge for 77% of lawyers. The Thomson Reuters’ 2023 State of U.S.
At one point, early in the generative AI era, I wondered if developing this technology to essentially take over first-pass review and hand senior lawyers who view computers much like the Supreme Court views voting rights access to interrogate discovery materials might deal a devastating blow to the alternative legalservice provider sector.
Constandinos (Deno) Himonas, the Utah Supreme Court justice who spearheaded the state’s first-of-its-kind regulatory sandbox to license new forms of legalservices and providers, is retiring from the court. “These are exciting times in Utah’s legal market,” he wrote. 29 letter to Utah Gov.
Last week, Documate , the no-code document automation platform, rebranded as Gavel , a move designed to better reflect the company’s mission to become the platform of choice for legal professionals and legal organizations wanting to “productize” the delivery of legalservices by packaging services as online legal products.
Paralegals can perform every legal task as that of a lawyer till the point the government limits their allowance. Also, they are not permitted to do tasks like representing you in court or giving any legal advice. Generally, there are 4 types of paralegals in the law industry: Traditional paralegals. Freelance paralegals.
Lawfirms all too often bemoan the problems that technology poses for them instead of how to prepare for and manage change. Lawfirms that fixate on obstacles instead of anticipate that change will happen will lose the ability to shape will lose the ability to shape the future. What would that mean for the profession?
When a lawfirm doesnt have clear insight into where money is going, whats been billed, or which matters are profitable, its hard to grow with confidence. Heres how to make sure you have a full picture of your firms financial health. Improving financial visibility can facilitate better decision-making and streamline operations.
Lawfirms leaders quickly learned that a willingness to adopt new technologies into their firms was a requirement for survival during the pandemic. Of course, the effect of the pandemic on the practice of law varied greatly from one firm to the next. The Shift To Remote Work.
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