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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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