Information Filled Under 'LPO Trends' Category
Associate Hiring Part II Saturday, March 6th, 2010
Following right on the heels of last week’s post is a timely first-person account of a recent law school graduate who was not offered a position.With the backlog of legal hiring, it’s not a surprise that the ranks of the no-offers are swelling.But when those left frustrated and unemployed are coming out of Harvard Law, it puts the difficult situation in a different, more desperate light.The
Here is the original post:
Associate Hiring Part II
In terms of the legal profession, one of the first casualties of the financial meltdown was last summer’s army of newly minted lawyers, as many law firms asked their new-hires to postpone their start dates.At the same time, many firms were canceling their 2010 summer associate programs, with some even hinting that the policy change might become permanent.So where does that leave the seasonal
Read the original here:
Revisiting Seasonal Hiring
The Recession of 2008 is casting a shadow that doesn’t show any sign of fading.AmLaw’s annual Lateral Report, which tracks trends in attorneys’ lateral movement, found that a record number of Top 200 Firm partners left their comfortable quarters last year.And many of them have entrepreneurial aspirations, as significant numbers left Big Law to start their own boutique firms.Law.com looked at a
Read this article:
Going Lateral
There has been plenty of talk lately concerning clients’ and counsels’ desire for alternative billing arrangements, but not a whole lot of discussion regarding the mechanisms by which to calculate potential new billing numbers.The American Lawyer recently profiled a couple new software programs that will be rolling out soon, both aimed at helping attorneys formulate and track alternative billing
Read the original post:
Alternative Billing Software
One of the interesting results that came out of LexisNexis’s year-end survey of the legal profession was the finding that 65% of law school students (and 90% of lawyers) feel that law school does not teach them the practical business skills needed to practice law in today’s economy.While it is common for MBA programs to offer cross-disciplinary entrepreneurial studies, it is not the norm at the
More:
The Entrepreneurial Attorney
We are an optimistic species.The ABA Journal ran a recent article titled “Managing Partners More Confident, Expect Increased Legal Work”.The upshot of the article is that a recent survey showed that the “confidence index” of managing partners is at a three-year high based on a belief that the worst of the recession is behind us, coupled with an anticipated increase in demand for services.However,
Originally posted here:
A Return To Business, But Not As Usual
The London Times ran a feature Saturday profiling the outsourcing of certain legal tasks.Obviously, it’s no huge disclosure to point out that LegalEase Solutions is a firm specializing in legal process outsourcing. But in terms of the blog, we try to explore all relevant trends in the business of law, of which outsourcing is just one movement.As frequent readers know, the goal of the blog is to
See the article here:
Legal Outsourcing Update
Alternative billing models are a frequent topic of conversation these days, with the focus primarily on a fixed rate or flat fee for a specific deliverable.San Francisco firm Smithline Jha, though, is putting another option on the table — the monthly subscription model.According to Northern California legal newspaper The Recorder, 90% of Smithline Jha’s revenues are now generated via monthly
Read the original post:
Monthly Subscription Plan
We’ve recently discussed the surge in public airings of client dissatisfaction with Big Law, as well as calls for change in some key areas of Big Law business practices.Obviously, a situation in which the client base yearns for new products or alternative pricing typically results in the market rewarding the innovative and proactive.It didn’t take long for 2010 to offer a concrete example.Law.com
Read more:
Lean and Mean
discos greatest band; and, working in a heavily producer-dominated field, they were most definitely a band. By the time Chic appeared in the late 70s, disco was already slipping into the excess that eventually caused its downfall
View original post here:
Le Freak (Live) – The Chic 1978.wmv
Here’s the Premiere of Brick-Lapse. I am hopefully going to try and continue this trend of filming. Comment, rate, and subscribe!
More:
Winter Post Office
As we wind down what has certainly been one of the more noteworthy years for the legal profession, it seems both appropriate and timely to look at LexisNexis’s State of the Legal Industry Survey.The survey describes itself as “the first of its depth and breadth to be conducted on the legal industry since the start of the economic crisis. Of the 550 respondents polled, 300 were private practice
Read more from the original source:
State of the Legal Industry Survey
There is no shortage of talk about redesigning the billable hour model. And many firms are making inroads with fixed-price offerings for specific services.However, there is a huge chasm between a billable hour firm that also happens to have an a la carte fixed price menu and a firm that has entirely stepped away from the billable hour.The stark difference between the two is the corporate
See more here:
The Culture of the Billable Hour
Trends in the global legal market past, present and future – US, India, China, etc. What impact will globalization have on legal services? Brought to you by www.beatonglobal.com …
Here is the original post:
Did you know – the Big (Legal) Picture
A flurry of recent announcements by large UK law firms adopting legal process outsourcing (LPO) has gotten the attention of Bloomberg UTV, a Bloomberg Television Network channel in India. A recent UTV Business 360 news program reviews the LPO trend and features interviews with several industry experts including Integreon’s Lokendra Tomar, COO for Asia-Pacific.
Read the original:
LPO Momentum in UK Featured on Bloomberg TV in India
bedroom apartments with home office available feature conveniences with the latest trends in interior design and large square footage. New windows, carpet, blinds, kitchen counter tops, ceiling fans, and Whirlpool appliances including above the range microwaves
More here:
Apartments Royal Oak MI – Village Park Of Royal Oak – Royal Oak Michigan Apartments
While China has become a powerhouse of outsourced manufacturing, India still retains a commanding lead in the outsourcing of services and business processes like LPO. This will remain true for a number of structural reasons. For starters, the English language is the dominant language of services outsourcing and clearly, India has a much larger number of English speakers. But other factors will also continue to hinder the growth of BPO and LPO in India including concerns about data security (in China, the central government still exercises a lot of control over all forms of communication and data storage.) For more on the subject, click here
Go here to see the original:
India Has Large Advantage Over China
There is some evidence that law firms have been adopting legal outsourcing at a slower pace than their own corporate clients. There are a variety of reasons for this ; most obviously, lawyers are not eager to send billable work to another provider, even if the client will save money. As one partner articulated to me in a recent meeting, sending even commodity work to an offshore vendor is a win, win, lose proposition for a law firm (where the corporate client saves on legal fees, the vendor generates the fees the law firm used to generate and the law firm loses revenues but retains the risk associated with the engagement). I’m not sure his calculus is correct in the long run. If GC’s are demanding rate relief and if offshoring provides a way to bring down legal fees without sacrificing quality, then some clients are going to demand it and some law firms are going to offer it. If leases or commercial contracts can be reviewed at $50 per hour, then why would a client continue to pay $300 per hour? Over time, it will be harder and harder to justify giving commodity work like this to a junior associate at a large law firm.
Continued here:
Offering an Offshoring Option=Marketing Opportunity
An article in the London Evening Standard suggests that many Magic Circle firms have already sent legal work to India and South Africa (e.g. Allen & Overy, Clifford Chance, Eversheds, Lovells and Simmons & Simmons.) The article reports that 1000 more legal jobs may be sent to India by the end of the year. While the article does not provide a lot of concrete evidence that this is actually occurring (it mainly quotes various individuals in the legal and LPO industries), I am left with the impression that the U.K.
See more here:
Are U.K. Firms Adopting LPO More Quickly than U.S. Firms?
. Since 1984 he owns Black River Hydro Ltd., a 220 kilowatt hydro-electric plant which was Nova Scotia’s first new private company selling electricity to the grid. Starting in 2003 Livingston began to work on starting developing commercial sized wind power projects in Nova Scotia.
View original post here:
A rebuke to Nova Scotia’s Utility Review Board & NS Power
apartments with home office/dens available feature conveniences with the latest trends in interior design and large square footage.
Read the original:
Village Park of Royal Oak Apartments For Rent – Royal Oak
I attended a social media think tank meeting yesterday , and while we were introducing ourselves and explaining what we do for our livings and how we use social media, something occurred to me: I rarely go to Facebook.com any more. I chalk some of this up to Facebook’s new format , which I don’t whole-heartedly find easy to use, but I rarely login to Facebook because I have automated all of my Facebook tasks to make me look like I’m online and to send Facebook functions to me. I thought I might share these automated functions with you today to a) educate you and b) find out if there’s anyone else like me out there
Excerpt from:
Facebook Sans Facebook.com: How I’ve Automated My Facebook Use
delivery per week, the postmaster general told Congress on Wednesday. Postmaster General John E
Continued here:
Saturday mail may end
trends including Futurewise and Building a Better Business. Future of logistics and supply chain management.
See the article here:
Impact of RFID technology on supply chain management
. Online tracking and tracing of products
View post:
Customer Relationship Management and Direct Marketing (CRM)
mailings. Direct marketers and future marketing trends. New marketing techniques and new technology
Continued here:
3 Marketing, direct marketing, online marketing, mobile …
, or books of stamps): Book ‘Em, PO Box 71357, Pittsburgh, PA 15213. Your donations, big or small, are urgently needed, and are tax-deductible! Help us get quality educational materials in to the hands of prisoners.
Excerpt from:
Book ‘Em: Books-to-Prisoners