Most of us in the legal industry did not think of the employment market as being anything close to stable in 2020. However, as we are witnessing from the AmLaw 100/200 firm revenue numbers being released, many firms had record revenue and profits. In fact, recent reports show that the industry actually added some 5,000 jobs recently. Geoff Zodda, Chief Solutions Officer of IT Search at PearlCare Search Group, talks with us about what happened in the legal market surrounding the technology, information, analytics, and knowledge workers in 2020, and the projections for these types of professions as the industry refashions itself for a post-COVID economy. For those who are flexible, can wear multiple work hats, and can analyze data, the world may be your oyster.
If a human adds some words into a computer, and that computer uses AI to produce art based on that human input, who owns the rights to that art? Charlotte Kilpatrick from ManagingIP talks with three experts to answer that question.
There is a topic that a lot of us avoid and that is succession planning First, it is uncomfortable, second it is uncomfortable.
We have discussed T-Shaped and Delta-Model lawyers in the past. However, easyJet is making its outside counsel show how O-Shaped they are by creating innovative questions on their request for proposals and law firm pitches for business.
Ken Crutchfield points out some of the traps that innovators fall into when they don’t listen or interpret customers or seek feedback. His experience showing his father about the Trapper Keeper when he was 15 helped him understand what customer feedback meant for success.
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It’s not unusual for law firms to invest $1M or more in recruiting, hiring, training, and retention of Associates over the first four years of their legal career. However, if you look at the actual retention rates through the fourth or fifth year, it is essentially a coin flip on whether the firm retains, or…
We have discussed the concept of the T-Shaped Lawyer on previous episodes, but we jump into a new concept this week called the Delta Model. Alyson Carrel from Northwestern Law School joins returning guest Cat Moon from Vanderbilt Law School’s Program on Law and Innovation to discuss this intriguing idea of helping lawyers understand the pyramid of skills surrounding understanding the law, business & operations, and personal effectiveness.
We suggest taking a look at this primer from Carrel, Moon, and other members of the Delta Model working group (Natalie Runyon, Shellie Reid, and Gabe Teninbaum) from Bill Henderson’s blog, Legal Evolution. This model of three principles, along with the ability to shift the center of importance for each skill set, helps explain, and guide the overall needs of the legal industry. Carrel and Moon give us an insider’s view of the model and explain why this concept will help with the holistic training of law students as well as practicing attorneys.
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In the article, Innovation, Disruption, and Impact: Should We All Jump Aboard the Legal Tech Hype Train? by Peter Melicharek and Franziska Lehner, the authors talk about the need to unwind the PR from the actual technology in the legal industry. The primary benefit of technology is to assist in achieving results by eliminating mundane tasks, and assisting in getting to better legal results, faster, and cheaper.…
Continue Reading The Geek in Review Ep. 59 – Alyson Carrel and Cat Moon on The Delta Model
The Geek In Review – Episode 18 is ready just in time for your Thanksgiving travel enjoyment. Don’t forget to subscribe on iTunes or Google (or where ever you listen to your podcasts) so that you automatically get the latest episodes. Comments can be sent to @glambert or @gebauerm. Also, if you like our new theme music, check out Jerry David DeCicca’s new album on Spotify, or iTunes,
Nicholas Alexiou, Director of LL.M and Alumni Advising at Vanderbilt University Law School joins us for an in-depth discussion of what law schools are teaching students in the three years they have them. In an environment where students only care about things which are on the final, or on the bar exam, should professional development programs be required or affect GPA’s? While 1Ls and 2Ls get lots of attention from the professional development course, 3Ls are left to their own devices. Greg thinks there is room for improvement with 3Ls professional development from the law schools, law firms, and vendors.
Marlene points out an MIT answer to “What is AI?” Sometimes a complicated concept can be explained on a napkin with a flowchart. This explanation is so simple, even Marlene’s Mom can understand it. Now, if MIT would come up with a flowchart to explain to Greg’s Mom what it is he actually does with a law degree and a masters degree in Library Science. …
Continue Reading E18 – Nicholas Alexiou – Professional Development Needs for Law Students
After seeing a recent seminar on legal industry stats, one stat jumped out at me. The stat was interesting not because it was new, but instead since it just keeps slowly trending in the same direction … down. The Stat: Productivity.
Productivity is essentially the number of hours billed per day per attorney. The ‘per…
Yesterday, I was skimming through my RSS reader and came across the post from Thomson Reuters’ Legal Current blog entitled “The Game” stuns attendees at legal marketing awards program. The more I read and watched, the more my mind was blown. The folks at Legal Current do a great job of describing, in detail,…
According to the New York Times, Loyola Law School in Los Angeles is “tacking on 0.333 to every grade recorded in the last few years” with the goal of making “its students look more attractive in a competitive job market.” Apparently, the new grade inflation for law students is becoming all the rage across…
I ran across a great article this morning which stresses how “Emotional intelligence is the new benchmark to a successful legal career.” Alison Bernard and Niki Kopsidas of Fried Frank collaborated on the article “How High Is Your ‘EI’?” in the New York Law Journal’s “Special Report: Law Schools“. Bernard and…