The Point “Law.com Radar” is a dry-sounding technology and services combination that could help your company dodge bullets in its litigation exposure. It combines court data, algorithms, and human expertise to give attorneys a fact-based heads-up to management about how their client companies are likely to be treated in court.…
The Point Too often, in-house law departments and law firms use licensed lawyers (Category #1 below) to perform routine, recurring tasks that an alternative legal services provider (ALSP) or law company (Category #2 below) could do more cheaply, faster, and with higher accuracy. CFOs and others in the C-suite should…
The Point The last few years witnessed headlines announcing a legal technology investment boom (here, here, and here). But — for all the publicity on the investor side — actual technology adoption among law firms remains slow. This Matters to Your Business A survey of 560 law firm attorneys taken…
The Point Recently the Arizona Supreme Court granted Axiom Law authority to provide licensed lawyers and their legal advice directly to businesses that do not have a general counsel or other full-time attorney on their payroll. This matters because attorneys’ bar regulations in the U.S. (except in Washington, D.C.) have…
The Point Corporate law functions perennially experience chronic shortfalls between the capabilities they have and the ones they need. Meeting these shortfalls requires Legal capability increases at scale. But, as illustrated by Microsoft’s / Jason Barnwell’s experience described in Part I of this two-part series, most law firms resist cooperation …
The Point Corporate law functions perennially experience chronic shortfalls between the capabilities they have and the capabilities they need. Absent an unlimited budget that can simply add lawyers in response to each new legal and regulatory demand, Legal must increase its compliance capabilities at-scale just to keep up. In a…
The Point 1. Regulations are technical: thousands of pages filled with minutiae. 2. Regulations are human: the minutiae is enforced by people — people who have their own personal traits, good and bad. 3. Regulatory compliance is often as much about the personal traits of those who enforce the rules…
Who Should Do What on Legal and Regulatory Risk? The enterprise needs compliance systems and processes that provide early warning of legal and regulatory dangers, that trigger timely actions against those dangers, and that, ultimately, can prevent them from mutating into something worse. Those systems and processes should report up to…
The Point Business analyses — and decisions to which they can lead — are no better than the data on which they are based. Part I of this two-part series considers the tiny minority of legal matters priced to client companies on a basis other than attorney hours (a reported 16.8%), and…
The Point “In 2020, 16.8% of [corporate legal] matters had some portion of their billing under an arrangement other than hourly billing”, according to the most recent LexisNexis / CounselLink trends report on U.S. law firms’ charges to U.S. corporations (2021 report based on 12 months of data between January…