Image [cc] Flood

This three part series will examine the emerging trend for third party litigation funding. In this first segment, we describe what it is and why clients will find it interesting.

What is it?
Settlements from law suits are assets. There – I said it. And once something is recognized as an asset

Image [cc] lemurdillo

I had the privilege of being on a panel with three amazing people at LegalTech’s CIO Forum this week to discuss how consumerization of technology is affecting the law firm technology strategy. Phillip Hoare from Wilson Sonsini really made me think differently about the topic because he came at the scenario about 180 degrees

Image [cc] Tigershungry

There’s a saying that if you hear something once, it’s a fluke, twice is a trend, and if you hear it three times it’s a habit. I’ve now heard a similar tale being told by three different administrative groups in law firms when it comes to leveraging the skills of their librarians.

Citi posted its Third Quarter Report recently, noting the growth in collections and the slowing of demand. Let’s tackle the headline issues first, then peel back deeper in to more interesting trends noted in the report.
Collections up with demand down means firms are emptying the money pipe faster, while less money is coming in