Lex Connect Curated Reading List
Fear not, we have curated the best Legal Operations & Legal Technology blog and articles.
Enjoy your 30 minutes power reading.
The downturn forced in-house teams to look very carefully at their organisations’ legal spend and consider whether it is more cost-effective to broaden their skills. However, growth in the sector is not just about controlling costs, but also increased commerciality and responding to the changing regulatory environment.
Because of the current state of the relationship between most in-house counsel and outside litigation counsel, outside counsel are not asking for budget for everything they believe would help win a case. This is leading to short term savings and longer term major expenses.
News reports over the years have detailed astonishing stories of lawyers overbilling their clients. It typically takes a lawyer at least 10 hours of time to work eight billable hours.
The end of November saw Legal Week (legalweek.com) putting on the second of its Asia regional ‘Corporate Counsel Forum’ events in the Gallery Room of Singapore’s Grand Hyatt hotel.
A Chief Compliance Officer has a direct responsibility to promote the company’s business. That sounds like a controversial statement but it is not. Every officer and employee of a company has that responsibility.
When it comes to lawyers and compliance professionals, the Abbott and Costello hilarious question is extremely relevant. Some might say that Abbott and Costello have a relationship that is remarkably similar to lawyers and compliance professionals.
This first Legal Futures Special Report, in association with Thomson Reuters, examines the changing face of City law firms. It demonstrates how far City law firms have moved in a relatively short period of time, mainly (but not exclusively) in response to the recession and the demands of their clients.
Many are coming up with a range of tactical and strategic responses to the challenges they face, while a smaller number are rethinking the way they do business, and the value and service they provide to clients. Through interviews with leading figures in the City, and a roundtable debate between representatives of the new entrants to the market and traditional big firms, this Special Report shows how innovation is as much part of the City’s story as it is the rest of the profession’s in the ABS era.