I’ve written about Andy Hines, Futurist Professor from the University of Houston, before on this blog, but I just watched his TedXHouston video on what it is like to be a professional Futurist. The talk really caught my attention around the 6:55 portion where Andy starts delving into understanding how new ideas and change
I want my next boss to be PAM
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| Image [cc] Loren Zemlicka |
I attended a seminar last week on process management in legal departments. Onit sponsored it and the content was quite useful.
However, beyond the value of the content on process innovation, I retrieved a golden nugget of wisdom. Bradford Power, an expert on process innovation and change, was speaking on
Thomson Reuters' Eikon Flop Causes More Layoffs
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| Image [cc] Global X |
Thomson Reuter’s flagship financial product, Eikon, is turning out to be more like the Titanic after hitting an iceberg. According to reports from the New York Observer, Thomson Reuters has laid off around 3,000 employees, most from the financial sector, including sales, training and analysts’ divisions. In addition to these,
An Open Letter to Lawyers Young and Old
I would like to take this opportunity to respond to your letters dated January 17, 2013 and January 23, 2013, respectively. As is quite common amongst your kind (attorneys), I believe you may be talking past each other. Ms. Elefant’s point is well taken, as techie at a large law firm, I am sometimes
Texas Bar Launches the New Casemaker Platform for Its Members
I’m a little behind in this news, but the Texas Bar Association has recently launched the new Casemaker platform for all of its members. The new interface is definitely a step up for Casemaker and makes searching across the different library database a lot easier. The Casemaker access is free to all members of the
GC's: We Want Firms To Be Proactive (and Free?)
I’ve been in beautiful Rancho Palos Verdes, California this week attending the Marketing Partner Forum. Yesterday, I caught a couple of sessions that stood out because they discussed the need for law firms to be focused on the prevention of litigation, rather than the representation of ongoing litigation. That, in and of itself, wasn’t
On the Tendency of Vendors to Release New Products and then Seek Publicity
Kevin O’Keefe, wrote about the dueling Lexis and Thomson Reuters blogger summits on Tuesday in his post, Who’s Influencing Who. He seems to be concerned that the big L and TR are trying to curry favorable blog content by lavishing a few bloggers with fancy perks. I happened to stumble across his post as
What is the Market Value of a BigLaw Firm?
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| image [cc] KevinLouage |
Answer: Zero
An old economics adage is that the value of anything is the price someone will pay to purchase it. Therefore the market value of any large law firm will be zero.
When valuing a company for a potential purchase, buyers will determine the various assets held by the target,along with
Has Going Digital Resulted in the Loss of Synchronicity?
Last week while having lunch with a librarian friend, we wondered if associates schooled in electronic research were losing the serendipity of stumbling across new resources while browsing bookshelves.
But then I mentioned that I have seen serendipitous posts on social networks, like when two of my friends, unbeknownst to one another, post similar items
Laterals as Investors or Mini-M&A Deals?
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| image [cc] EJ Images |
Bruce and Janet of AdamSmithEsq recently published an article on ATL about the reasonableness of firms providing PPMs to in-coming laterals. I believe the idea is sound. Since in-coming laterals are effectively investing in a privately held company, they should have access to the full financial picture of the company. A