The Point Artificial intelligence-powered contract review systems allow automated analysis of thousands of contracts at a time, rendering unnecessary their manual review by attorneys. Use of this technology yields major cost savings in attorneys’ fees, while producing more accurate results. This Matters Prior to purchasing a corporation or real estate,…
The Point I’m qualified to discern fat-vs-muscle in Legal spending from firsthand experience on both sides of the lawyer / client table. I’ve practiced business law for 25 years, and I ran divisions as a general manager and then served as an M&A executive for 12 years. This Matters To…
The Point Corporate legal costs have risen steadily for the last 40 years (including 2020 — and excluding the Great Recession of 2008 to 2009). Meanwhile, the legal system’s demands on business increase relentlessly. So, CFOs, or other business executives, need to step in and impose spending discipline on the…
THE POINT Reports about pricing “compromises” between law firms and client companies in the wake of Covid-19 simply reflect attorneys’ intransigence about hourly billing — not a real willingness to remove that business model’s waste and cost uncertainties by agreeing in advance the value they promise to deliver for a…
In light of the response to my Wall Street Journal op-ed published June 3, “Will Lawyers Act with Honor After Covid? / My profession should support safe-harbor rules, not capitalize on uncertainty”, I will be hosting a free Covid-19 liability prevention web briefing to be held: Monday, June 29 at 11:00AM…
THE POINT As former general counsel and legal innovator Jeff Carr tweeted the day after the above headline: “OMG!… Wait, didn’t this story run in 1998, and 2001 and 2008 and 2014 and, well every year there’s a survey? Oh well, might be a slow news day.” DISCUSSION This is…
THE POINT This series is about how the legal system’s subjective and arbitrary character constrains your lawyer from answering “yes” or “no”. Sometimes your lawyer doesn’t want to be pinned down to a definite answer, and you, as the business client, need to nudge him or her for some specificity.…
In light of the response to my Wall Street Journal op-ed published June 3, “Will Lawyers Act with Honor After Covid? / My profession should support safe-harbor rules, not capitalize on uncertainty”, I will be hosting a free Covid-19 liability prevention web briefing to be held: Monday, June 29 at…
THE POINT This series is about how the legal system’s subjective and arbitrary character constrains your lawyer from answering “yes” or “no”. Sometimes a judge’s personal idiosyncrasies distinctive, well-informed judgments may drive the outcome more than an objective view of the law or evidence. DISCUSSION My own introduction to this…
THE POINT This series is about how the legal system’s subjective and arbitrary character constrains your lawyer from answering “yes” or “no”. This post addresses the situation where a higher court has ruled on a specific point of law, but the judge presiding over your particular case doesn’t like that…