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Lex Connect Curated Reading List July 15, 2015

Lex Connect Curated Reading List

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 With so much content available on-line, it is easy to miss the really good stuff. 

 Fear not, we have curated the best Legal Operations & Legal Technology blog and articles.
 Enjoy your 30 minutes power reading.

 

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Firms: Get over it-the pricing debate has moved on!

In this post I am going to focus on the first question but in another post I will (again) return to the proposition that timesheets are hugely detrimental to law firms for a number of reasons- including that they are useless for both the costing and pricing of work any law firm undertakes.

 

The Case for Technology Assisted Review and Statistical Sampling in Discovery

Technology Assisted Review (TAR) and Statistical Sampling can significantly reduce risk and improve productivity in eDiscovery processes. TAR reduces risk by mathematically ranking documents in descending order of likely relevance. Productivity is increased by prioritizing review on the most relevant documents, while review of low ranked records may even be avoided entirely.

Compliance Trends and the Future of Compliance

As the compliance profession continues to develop and increase its influence in the corporate governance landscape, there are no hard and fast rules. We all quickly repeat the compliance profession mantra: there are “no one-size-fits-all solutions” in the compliance field.

The New Law Firm Competitors: In-House Counsel (Live Post)

GCs from Fortune 100 companies share a candid discussion on how in-house legal departments have grown dramatically as they rein in costs and use outside counsel more selectively, a shift which has also created a greater emphasis on operational efficiency. Panelists will discuss the new role law firms have in this environment and provide an inside look into how the nation’s top law departments are reshuffling staff.

Legal Knowledge Advantage

Legal knowledge management is evolving rapidly but it’s still about platforms, processes and people. ​For lawyers and law firms, knowledge is both a currency and a differentiator. The traditional knowledge management (KM) approach, aligning legal knowledge and knowhow with business strategy, remains valid. But its context has shifted dramatically as legal services face a changing business environment and the relentless flow of online information.

 

 

 

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Guide for General Counsel on Corporate Sustainability

Provides practical guidance and examples to in-house counsel in their emerging role as key change agents in advancing corporate sustainability issues within their respective organizations. ​The Guide seeks to raise the profile of General Counsel regarding the efforts they are making, and to inspire and encourage other General Counsel and Boards, senior executives and management of their respective organizations to take action and deliver long-term value.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

The Case for Technology Assisted Review and Statistical Sampling in Discovery

Technology Assisted Review (TAR) and Statistical Sampling can significantly reduce risk and improve productivity in eDiscovery processes.  TAR reduces risk by mathematically ranking documents in descending order of likely relevance. Productivity is increased by prioritizing review on the most relevant documents, while review of low ranked records may even be avoided entirely.    

 

Relevance ranking is an ordinal measure, meaning higher scores are more likely to be relevant, but a high score is not a guarantee that a document is relevant, and a low score is no guarantee that a document is not relevant.  Statistical sampling quantifies the degree that relevance ranking does not reflect true relevance.    With such measures, attorney stakeholders can make informed decisions about  the reliability and accuracy of the review process, thus quantifying actual risk of error and using that measurement to maximize the value of expensive manual review. Law firms that adopt these techniques are demonstrably faster, more informed  and productive than firms who rely solely on attorney reviewers who eschew TAR or statistical sampling.       

 

 

Download Here 

 

 

 

 

 
 
 
 

Lex Connect Curated Reading List June 30, 2015

Lex Connect Curated Reading List

_________________________________________________________________________________________________________________________________________________

 

 With so much content available on-line, it is easy to miss the really good stuff. 

 Fear not, we have curated the best Legal Operations & Legal Technology blog and articles.
 Enjoy your 30 minutes power reading.

 

_________________________________________________________________________________________________________________________________________________

Lesson from the trenches: playing ostrich is no option for General Counsel

Every year, the Association of Corporate Counsel takes the temperature of inside counsel practice by surveying general counsel and chief legal officers across a wide number of sectors. Unsurprisingly, the 2015 survey, with nearly 1,300 respondents, put ethics and compliance at the top of the list of chief legal officer concerns, together with data security, and litigation issues. This week, we thought we’d change our pace a little and spotlight some valuable ethics lessons learned from a real-life GC who leads her department as chief legal officer of a political subdivision while also having responsibility for ethics compliance.

Logistical Best Practices for Managing a Document Review

The overall goal for a document review is for the document categorization to be as accurate/consistent as possible and for the review to be completed in a timely fashion. As a litigation support professional, one of my favorite project management tasks is managing a large document review. Designing an efficient workflow and process is key, and establishing multiple bi-directional communication channels cannot be undervalued.

An In-House View of Do Less Law

OldLaw, NewLaw, EmergingLaw, and NextLaw and Do Less Law

ACC: Our Stakeholders Are Beginning To Lose Faith In The Legal Profession

ACC is deeply involved in the pricing function as it launched The ACC Value Challenge in 2008, which all in the profession are very aware of. As a refresher, it was launched to reduce the reliance on the billable hour, to use appropriate fee arrangements (they dropped “alternative” from their lexicon), to increase the use of project management, process improvement, and root cause analysis; all what he calls “basic common sense business principles,” and to incorporate those into the practice of law.

The Lawyer Survey Finds That Almost Half of Legal Departments still don't have an Effective Method of Evaluating Vendors

Having worked in the Legal Services industry for 35 years, we are excited to partner with The Lawyer for the fourth edition of its annual survey of in-house lawyers. Evaluating trends and changes of attitudes among in-house lawyers, the research detailed in the report sparked 530 responses through its online questionnaire. Professionals who participated in the survey included General Counsels, Senior Counsels and Heads of Legal. Topics covered in the report included banking & finance, energy & natural resources, government, public sector & not-for-profit, insurance & reinsurance, manufacturing, automotive, engineering & construction, media & entertainment, retail & consumer technology, IT and pharmaceuticals & biotech.

 

 

 

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Spotlight on General Counsel by Deloitte

Deloitte conducted a survey of 70 general counsel across Canada to gain a better understanding of their roles. Our findings point to a shifting landscape where strategic input is increasingly being sought from in-house legal teams and more work is being insourced as general counsel look to reallocate responsibilities within. Softer skills, such as emotional intelligence, are also moving to centre stage as legal teams grapple with how to best develop the traits that will drive their business forward.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Spotlight on General Counsel by Deloitte

 

As the Canadian legal profession responds to the changing marketplace, increasing globalization and emerging technologies, so too must general counsel.

 

No longer solely charged with ensuring their organizations are complying with the law, in-house legal teams are now in the unique position of balancing organizational risk and corporate objectives. As a result, general counsel are striving to add value as both legal and business advisors.

 

Deloitte conducted a survey of 70 general counsel across Canada to gain a better understanding of their roles. Our findings point to a shifting landscape where strategic input is increasingly being sought from in-house legal teams and more work is being insourced as general counsel look to reallocate responsibilities within. Softer skills, such as emotional intelligence, are also moving to centre stage as legal teams grapple with how to best develop the traits that will drive their business forward.       

 

Download Here 

 

 

 

 

 
 
 
 

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