Home The Modern Law Library How the Great Recession changed American… The Modern Law Library By Olivia Aguilar July 11, 2019, 12:00 pm CDT Image from Shutterstock. There's no denying that law firms have gone through significant changes in the last decade. These changes continue to create unprecedented challenges for modern law firms today. So, what's next? Randy Kiser, author of American Law Firms in Transition: Trends, Threads, and Strategies, pinpoints why the Great Recession of 2008 marked a defining moment for law firms and how the economic shift transformed the legal services landscape. In this episode of the Modern Law Library, ABA Publishing’s Olivia Aguilar speaks to Kiser about the impact of the recession on law firms, why law firm culture is crucial in today’s world and what lawyers have in common with the Pirahã tribe in Brazil. Kiser describes law firms’ errors that have destabilized firms, how those errors affect client relationships and … [Read more...] about How the Great Recession changed American law firms
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Home Daily News Move to a paperless law firm with these scanning… Practice Management By Nicole Black Posted April 26, 2019, 6:00 am CDT Nicole Black A decade ago, the idea of a paperless law firm was unappealing to many lawyers. After all, lawyers filed paper documents with the court. Why invest in the transition to digital documents when paper documents were still required in many different legal contexts? For that reason, many lawyers were reluctant to transition to digital documents, even though most lawyers agreed that technology was becoming essential to the practice of law. Fast forward to 2019—and how things have changed! After all, it’s a much different world than it was at the turn of the century. Many lawyers are now required to understand technology, and e-filing is being mandated in many jurisdictions. This e-filing mandate is causing lawyers to digitize their law firm’s documents, and as a result more firms are moving toward a paperless law … [Read more...] about Move to a paperless law firm with these scanning tools
Home Daily News Law firms are having the best financial-growth… Law Firms By Debra Cassens Weiss Posted December 12, 2018, 7:00 am CST iCreative3D/Shutterstock.com. Law firms increased revenues this year, posting gains during the first three quarters that are the best in about a decade, according to two new reports. The numbers differed slightly, but the conclusion was the same: 2018 is shaping up to be a good year, thanks to higher billing rates and higher demand for legal services. Wells Fargo Private Bank’s Legal Specialty Group found revenue growth of 7 percent among its surveyed law firms, while Citi Private Bank’s Law Firm Group reported revenue growth of 6.3 percent. Wells Fargo said demand increased by 3.3 percent, while Citi Private Bank found demand growth of 2.5 percent. Billing rates grew even more, increasing by 4.3 percent, according to Citi Private Bank. The New York Law Journal covered the Wells Fargo report, while Citi Private Bank released its … [Read more...] about Law firms are having the best financial-growth year in about a decade, two reports conclude
By Mark Curriden, The Texas Lawbook Published 9:36 pm CST, Friday, November 16, 2018 Andrew Baker is the managing partner of Baker Botts. Andrew Baker is the managing partner of Baker Botts. Photo: Marie D. De Jesus, Staff / Houston Chronicle Photo: Marie D. De Jesus, Staff / Houston Chronicle Image 1 of / 3 Caption Close Image 1 of 3 Andrew Baker is the managing partner of Baker Botts. Andrew Baker is the managing partner of Baker Botts. Photo: Marie D. De Jesus, Staff / Houston Chronicle ‘Best year ever’ for Texas’ largest law firms 1 / 3 Back to Gallery Large and midsized law firms representing businesses in Texas are doing more work and generating more … [Read more...] about ‘Best year ever’ for Texas’ largest law firms
David Jesse Detroit Free Press Published 9:14 AM EDT Oct 23, 2018 Three days after a lawyer hired to defend William Strampel said criminal charges against the former Michigan State University dean were unfounded because he was only following orders from MSU's lawyers, the university fired his firm from representing six other MSU employees. It's a move experts said raised concerns once again about whether the school was more worried about its reputation than the truth. It also sent a signal to law firms being paid by MSU to represent its employees in various lawsuits and criminal matters: Toe the company line or risk losing a lot of money. "It fits the pattern on MSU under (former president Lou Anna) Simon and (current interim President John) Engler — just run everything through the lens of protecting the university first," said David Jaffe, an attorney specializing in compliance and the former vice president, general counsel and secretary of … [Read more...] about Was law firm fired for implicating MSU lawyers?