Diana: It's so interesting, Nicole, I think in many ways. Professional services, accounting, and consultancies like our firm and law firms, have some real similarities in this regard. I think digital marketing is going to continue to grow and that's really for all of us, it's not just legal markers. But we need to face it in a way that maybe some others don't have the same issues, partly because we come from professionals where we're highly skeptical. That's just our profession, so we have to maybe be a bit more willing to get into the data around the success of digital and how that may in fact change us and work to be a better adopter of it. With some of the increased competition that's there, I think if we don't do that, the professional services environment has some challenges to stay ahead of the game, and that's particularly going to be the case, I think, with talent. That's going to be one of the big challenges if we don't address that. … [Read more...] about The Future of Law Firm Marketing with Deloitte CMO Diana O’Brien [PODCAST]
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Special pleading – Often competition authorities are confronted with complaints from competitors, and the challenge is to remain objective in their assessment: “In these cases, the role of competition authorities is first and foremost to separate the signal from the noise. To ask: is this complaint a genuine concern that impacts the public good? Or is it the desperate plea of a special private interest? If the latter, then the competition regulator needs to be robust enough to let Schumpeterian competition run its course.” In other words, regulators should not allocate resources to cases only because new comers and new technologies make established business models obsolete. … [Read more...] about Competition in Digital Markets: Head of the CMA Urges to Separate the Signal from the Noise – UK Competition and Markets Authority
The investigation could be reopened if the proposed policies raised further concerns after implementation, the Justice Department indicated in the letter, whose authenticity was confirmed by multiple people familiar with the matter. While some of the policies have been approved for inclusion in the final standard governing cellphones, the overall policy remains in the drafting phase and has not yet been implemented. … [Read more...] about AT&T, Verizon are again being investigated for collusion. Here’s what happened the first time.
U.S. District Judge Richard Leon on Tuesday rejected the Justice Department's request for an order blocking the Time Warner acquisition after a six-week trial, saying the government failed to make its case that the combination would lead to higher prices for pay-TV subscribers. … [Read more...] about Justice Dept. Slams $85B AT&T-Time Warner Decision
Given the rhetoric, it looks like both sides want to get a deal done. The President needs a win politically and given recent data, China's economy is clearly struggling. Their last PMI report shows manufacturing in continued contraction. Trump and the negotiating team need to be careful here. I suspect President Xi is willing to buy a trillion in U.S. goods to help close the deficit but the one thing they'll try to avoid is discussion that centers on forced technology transfer or protection for intellectual property. While the math doesn't work for China given their huge surplus, the one advantage they have is time. We think in terms of an election cycle and they think in decades. It's important to remember that we aren't dealing with a partner or even a competitor. This is an adversary in every sense of the word. Trade, the economy, foreign policy and yes even militarily. … [Read more...] about State of the Union is State of the Markets for investors