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Lex Connect Curated Reading List July 5, 2016

     
       
     
Lex Connect, a Yerra Solutions Company Curated Reading List
 
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With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you are looking for. 

Fear not, we have curated the best legal operations and legal technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes power reading!
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Yerra Solutions Furthers Global Expansion with Opening of United States Office

Yerra Solutions AG, a global provider of innovative solutions for corporate legal and IP, today announced its expansion to the United States with the establishment of a New York City office. The new office, located at 387 Park Avenue South, New York, NY 10016, further supports the company’s commitment to empowering its global customer base to better connect global operations and achieve long-term legal and IP operational excellence.


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How Legal Technology Will Change the Business of Law

Powerful forces are reshaping the corporate legal-advice market, including price pressure from clients and the digitization of legal data. Legal-technology solutions can help law firms succeed in this new era, but only if they understand the tech landscape and redefine key elements of their business model.


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Legal Start-Ups and the ABA Commission on Legal Services

An Issues Paper was released by the Commission on the Future of Legal Services on March 31 which solicits comments from the public and the profession on an approach to impose a regulatory regime on “non-regulated legal service providers entities” such as independent legal technician and document preparers serving the public directly, online automated legal document preparation service companies, legal software publication companies, and other “non-lawyer” entities that provide legal solutions to consumer. 


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The Full-Service Client Partnership Model: A Primer for Law Firms

The billable hour. Competition from unexpected sources. A consolidating industry. The market for legal services has shifted in fundamental ways, and its evolution presents challenges for law firms. But change also offers opportunities. Law firms today need to think differently, and importantly in this market, look to differentiate themselves.


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In-house Bar Recognizes 12 Companies as 2016 ACC Value Champions

ACC recognized 12 law department and law department/law firm collaborations, including companies based in Greece, the United Kingdom, United States, and Australia, as 2016 ACC Value Champions. Their strategic approaches increased client satisfaction, enhanced the value of legal service spending, reduced turnaround times and costs, and improved results. 


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DLA Piper's Compliance and Risk Report: COO's Under Scrutiny

Contained in what is now commonly referred to as the Yates Memo, those words sent waves of apprehension through the corporate compliance world last fall. Coupled with the appointment of Hui Chen as the Justice Department’s first-ever compliance counsel and accompanied by a steady drumbeat of guidance from Andrew Ceresney, Securities and Exchange Commission Director of Enforcement, the memo seemed to signal a new era of scrutiny and personal liability for senior executives and compliance officers.


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Top 7 Updates and Developments in Ediscovery

The eDiscovery world continues to evolve, with new technology, new standards, and new ways to make eDiscovery work better for you. To help you get a handle on all the developments, here are our seven top eDiscovery updates, from the FindLaw archives.


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BakerHostetler Hires A.I. Lawyer, Ushers in the Legal Apocalypse

As much as lawyers lionize themselves in the media — pointing to the tenacity of Jack McCoy, the soaring oratory of Jake Brigance, and… whatever the hell those How To Get Away With Murder morons are doing — deep down lawyers know that the bulk of the profession involves document review, rote agreement-drafting tasks, and data mining caselaw. We make human drones do this work now, why not shift some of the work to the electronic brain?


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Analytics Revolution will Drive Better Litigation Outcomes

A new generation of eDiscovery software products is stirring excitement as we’re discovering the enormous untapped potential of advanced visual analytics in the eDiscovery workflow.


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Clients Willing to Hire for Litigation and Corporate Work, Says New Report

The report found 57 percent of clients with significant litigation hired a new firm in 2015. The report defines “significant work” as work with at least one matter with a minimum of $100k in outside counsel fees. Similarly, 46 percent of legal departments engaged with a new law firm in the last year, for a high value corporate matter.  The report also concludes litigation is the one area of law in which clients are most likely to engage with multiple firms. By contrast, less than a quarter of clients are willing to bring on a new firm to handle their employment matters.


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Legaltech Knowledge: Will Law Schools React On Time?

The most recent reports on the future of the legal industry show law firms are in a dire need of fresh talent, and new skills. Future lawyers will have to demonstrate knowledge in project management and legal technology. Such skills will be crucial for firms and attorneys who want to stay in the market.

However, the big question is:

Are law schools preparing students for the future of law, and the changes already taking place? Let’s see the latest insights!


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Lex Connect Curated Reading List July 21, 2016

     
       
     
 
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With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you are looking for. 

Fear not, we have curated the best legal operations and legal technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes power reading!
Full Image
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Brexit and Patents - What it Means for IP?

Nearly two weeks on from the historic referendum result in the UK on Brexit, I sit here and wonder what effect this will have on the Patent world. On the morning train to Zurich, I hear three conversations ongoing in one carriage about Brexit, it truly is the topic of conversation across Europe. The most googled question on Friday after the vote was ‘what is the EU’. I equally find this rather ironic after the final results were counted. 


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The In-House Career Ladder Stepping Stool

The career ladder is a trusted cornerstone of any corporation. Employees are rewarded for their hard work with small and steady promotions. There is typically a clearly defined process to climb to the next rung, and plenty of room to accommodate more than one person on a rung at a time.


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Innovation and Efficiency Help GCs Deliver More for Less, Says Ashurst

Ashurst’s study of global GCs across multiple sectors and four continents lays out a scenario that should be familiar enough to anyone with their eye on the sector – the role of the in-house legal teams is rapidly expanding, but the resources available to them are not. 


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Using Metrics to Measure Law Department Performance Checklist

To measure the outcome of these efficiency efforts, many law departments use metrics to objectively quantify, analyze, and report on their improvements in performance over time. Measuring the right metrics can provide in-house counsel with compelling evidence that law departments add demonstrable value to their companies.


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Exercising Attorney-Client Privilege Over In-House Counsel Communications

Recommendations for law firms and their attorneys to protect attorney-client privilege for communications with in-house counsel.


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Global eDiscovery Software Market to Grow at a CAGR of 17.36% During Forecast 2016-2020

EDiscovery is defined as the process of identifying, collecting, processing, and preserving electronically stored information. This enables organizations to present data in the form of text, images, animations, e-mails, databases, audio files, websites, spreadsheets, and computer programs as evidence in criminal and civil cases to make proper decisions. 


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Brexit Means Opportunity for the Legal Industry in the Short Run

Chris Dale of the UK-based eDisclosure Information Project says the political and economic impact of the Brexit- a referendum pushing the UK to leave the European Union- will be disastrous. “Those who initiated this process have no clue and had no plan about what to do now because I don’t believe they ever expected to win,” says Dale. “Turmoil is a good word for what’s about to happen.”


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The Evolving Post-Discovery Litigation Business (Perspective)

With the emergence of scalable cloud technology designed specifically for the post-discovery litigation process, we’re beginning to see dramatic developments in the modernization of courtrooms, law firms and legal departments around the world. Courtrooms in the UK and Singapore have shown that existing tools can be deployed to conduct trials with little or no paper and provide opposing parties, attorneys, judges and witnesses with secure, electronic access to all relevant materials for the life of a case.


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Lex Connect Curated Reading List August 19, 2016

     
       
     
 
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With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you need.

Fear not, we have curated the best legal operations and technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes of power reading!
Full Image
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In-House Thought Leadership

While the role of general counsel has transformed across the board, it is a truism that every such role, in every company – whether private, listed, regulated or public – is different. Certainly, the breadth of responsibilities has increased significantly and varies widely between organisations, as I know from my own experience.


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In-House Appetite for Diverse Teams Strong

Law firms are being urged to rethink their business model and internal culture to meet the diversity demands of in-house clients.


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The Role of GCs in Times of Change

In the past month the UK has seen a seismic change in its economic, political and social environment. Lawyers in private practice and in-house will be now be dealing with issues and situations they have never faced before – and none more so than general counsel (GC).


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Lawyers Should Brush Up on Their Discovery Rules

US Judge Andrew Peck spoke Thursday at the Big Law Business Discovery conference at Bloomberg’s headquarters in New York City. He spoke of how lawyers who appear in his court still don’t closely study the rules of civil procedure on e-Discovery.


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Give Me Convenience, I'll Give You My Private Data

We are more connected, enabled, and busy than any generation that came before us. As a consequence, we are both short on time and overwhelmed with information.

Consequently, we are more willing than ever to pay real money for increased convenience. Whether it’s symptomatic of some deeper condition or is a direct result of so many options being available to us, we are quickly being seduced by things like fast-track security, priority boarding, on-demand media content, and same-day home deliveries.


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A United Effort to Overhaul Corporate Governance

A newly released compendium of common-sense principles offers a promising basis from which boards may recalibrate their approach to fundamental elements of corporate governance.


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In a Boon to GCs, Biz Leaders Weigh In On Corporate Governance

Top business leaders such as Jamie Dimon and Jeffrey Immelt have released a set of recommendations for improving corporate governance. Experts say that it's a useful resource for GCs.


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Most In-House Departments Measure Costs but Not Value Delivered

According to a recent survey by Acritas, 25 percent of legal departments in large organizations have no metrics to measure the value they deliver to the organizations they serve, and those who do are primarily focusing metrics on costs.


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Building a 'Founder's Mentality' Into Your Legal Department

You want your lawyers to be insurgents, thinking outside of the box, working efficiently, and treating the company the same way an owner would in terms of managing resources and costs.


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Lex Connect Curated Reading List October 19, 2016

     
       
     
 
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With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you need.

Fear not, we have curated the best legal operations and technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes of power reading!
Full Image
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The Next Big Thing in Legal: Carthorse to Racehorse Artificial Intelligence – Part 1 of 4

We would like to introduce guest blogger, Chrissie Lightfoot, currently a Visiting Fellow at University of Westminster, School of Law. This revised version of a cover article was written by Chrissie and published as a two-part cover series in Solicitors Journal earlier this year. Due to popular demand it was updated and republished in the Robotics Law Journal in July & August of 2016. We are pleased to re-publish it here with Ms. Lightfoot’s permission


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Adopting Data Analytics a Critical Part of Success

The practice of law is changing. Technology and data analytics are penetrating one of the last remaining professions that had, until recently, escaped the disruption that these new ways of doing business and practicing law bring. Soon, the unfettered discretion of the general counsel to operate his or her legal department will come to an end. It is the responsibility and obligation of all in-house and private practice counsel to make sure they ride this wave, as otherwise there is a very good chance it will drown them.


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5 Musings in the Minds of Legal Tech Leaders: October 2016

Legal technology leaders speak on the mix of business intelligence and billing, questions to ask your cloud provider, and more for LTN's latest Tech Digest.


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WL Sneak Peek: Know Your Cyber Risks

Cybersecurity is not an issue solely for big firms with big clients who do big deals, says Frazer. It’s an issue for solo practitioners, small and medium-sized firms, corporate counsel, and government lawyers. We all possess information that might be useful to our clients’ adversaries – or to any number of outsiders.


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Predictive Coding 4.0 – Nine Key Points of Legal Document Review and an Updated Statement of Our Workflow – Part Five

This installment, written by Ralph Losey, explains the e-Discovery Team’s latest enhancements to electronic document review using Predictive Coding. This series explains the nine insights behind the latest upgrade to version 4.0 and the slight revisions these insights triggered to the eight-step workflow. We have already covered five of the nine insights. 


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It's a Great Time to be a Junior Lawyer

Ahead of ‘FinTech, AI and online justice: what technology means for the next generation of lawyers’, Legal Cheek Careers caught up with Pinsent Masons’ director of knowledge and innovation delivery, David Halliwell, and the head of the firm’s fintech propositions, Luke Scanlon.

The pair shared their views about artificial intelligence (AI), the fintech revolution and the coming together of data science and legal services — and considered what opportunities these trends will create for lawyers-to-be.


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