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Search results for tag "Efficiency"

• When large law firms fail, we need to re-examine the business model

  Apr 24 2012 Here is a very good article that addresses the question of why large law firms fail. The article points out that a dozen firms that have folded over the past ten... more

• PE firm Duke Street buys controlling interest in London law firm

  Feb 06 2012 Private equity firm Duke Street has taken a stake of just over 50 per cent in London-based law firm Parabis. The deal, which is subject to regulatory approval and is... more

• Third-party litigation funding changes the game in the UK

  Dec 29 2011 Here is an interesting article in The Guardian about third party funding of litigation, where a disinterested third party takes on the financial risk of another's... more

• LA firm Silver & Freedman set to close down after 36 years of practice

  Nov 23 2011 Los Angeles law firm Silver & Freedman has announced its imminent closure after 36 years of practice. The demise of the brand has been described as an ‘amicable... more

• ABA considers allowing non-lawyers to have a stake in US law firms

  Oct 29 2011 Here is an interesting article in the NY Times that takes a look at developments around the world with respect to outside investment in law firms. Australia and... more

• Australian firm Mallesons Stephen Jacques signs outsourcing agreement

  Oct 28 2011 Australian firm Mallesons Stephen Jaques has announced that it will outsource legal work to India as a way of cutting costs in a tough market. The firm has signed an... more

• US companies increase reliance on in-house counsel

  Oct 12 2011 A recent survey shows that US companies increased their in-house legal budgets by 6 per cent in 2010, up from 1 percent in 2009, while decreasing the amount spent on... more

• Consolidation in BigLaw: it is 'only a matter of time'

  Aug 25 2011 There may be more mergers between large law firms in the pipeline, according to Mark Wood – a restructuring partner from the Nottingham office of law firm Eversheds.... more

• Are clients really getting better value from law firms?

  Aug 24 2011 This is an interesting opinion piece that interrogates the response given by large law firms to client demands for greater efficiency. It points out that for all... more

• UK firm Manches announces redundancy consultation

  Jul 18 2011 UK firm Manches has announced that a redundancy process is underway, though the firm will not reveal how many staff will be affected. A spokesman for the firm... more

• Australian firms saw increase profits in 2010

  May 24 2011 A new study has shown that 70 per cent of Australian firms increased their profits in 2010. The study, conducted by Macquarie Relationship Banking, went beyond the... more

• Proskauer Rose encourages lawyers to use iPad

  Apr 28 2011 Proskauer Rose is offering all lawyers an iPad in an effort to encourage greater use of the technology. So far, 500 of the firm’s 700 lawyers have requested an iPad... more

• Alternative billing is an opportunity to account for value

  Feb 15 2011 The billable hour – largely the result of client demands for transparency and objectivity – has fallen from favour among many practitioners for rewarding inefficiency,... more

• Mergers point to shift in legal services industry

  Jan 02 2011 Two recent mergers have highlighted changing currents in the legal services industry. Thomson Reuters' purchase of legal-process outsourcing firm Pangea3 and Axiom... more

• 300 year old firm Dawsons in trouble?

  Dec 20 2010 Dawsons, a firm with 300 years of lawyering to its name, is showing signs of wobbling in the tough economic climate - asking staff to consider working a four-day week... more

• The future of associate pay

  Nov 03 2010 Before the recession, graduate starting salaries grew at a rate that considerably outstripped inflation. When the demand for legal services dropped, law firms moved to... more

• Clearing the way for cloud computing in law firms

  Oct 20 2010 Cloud computing is the term used to describe systems that allow users to access software and data storage over the internet, rather than carrying them around on... more

• Study says top US firms set to shed 17,500 non-partner jobs

  Sep 30 2010 Statistical analysis of the job market by the US Bureau of Labor Statistics and others has predicted that things were looking up for legal professionals. But a new... more

• The billable hour isn't going anywhere soon

  Aug 30 2010 The billable hour is seen as rewarding inefficiency, putting intense and unhealthy pressure on associates and undermining the culture of law firms and the profession.... more

• Is Dechert Ahead of the Curve?

  Apr 02 2010 In-house counsel are looking for their law firms to deliver legal services efficiently and cost-effectively. Dechert, a global law firm, is training all partners and... more

• Legal Project Management - Global Firm Trains All Partners

  Apr 02 2010 One global law firm is responding to client demands for efficient delivery of legal services. All partners and associates worldwide are being trained in legal project... more