Category Archives: Risk management

Legal expense management news for February 21, 2014

Litigation funding update, including some interesting data on the outcomes of funded cases. And The Lawyer has a U.K. perspective on the subject, with one commentator noting that “there are only so many meritorious cases with impecunious claimants and the … Continue reading

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Tales From My Summer Experiments: AFA’s and ATA’s (Alternative Transportation Arrangements)

I recently conducted a bit of an experiment with what one might call “alternative transportation arrangements.” Over the course of a few months, I tried two modes of transportation that are not widely used here in central Texas. I found … Continue reading

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Legal expense management news for June 7, 2013

U.K. firm “is expanding its back office financial analysis team in an effort to meet a growing demand from its lawyers for pricing-related data and market intelligence.” General Counsels, are you seeing the effects of similar efforts from your panel … Continue reading

Posted in High-tech and IP, In-house, Law department tools - e-billing, CMS, metrics, etc., Law firms, Legal expense management, Risk management | Leave a comment

Legal expense management news for February 8, 2013

Will there be an ISO standard for e-discovery? As one commentator observes, “If products and services are certified as ISO-compliant, then a party and their counsel could more easily decide what to purchase, and judges could be sure that electronic … Continue reading

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Legal expense management news for February 1, 2013

I will be sharing my reflections on what I saw this week at LegalTech New York shortly, but in the meantime….. General Counsels “in a pressure cooker” cite compliance, privacy, social media, and cyber attacks as key risks that they … Continue reading

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A New “Anatomy” Course – Boosting the Value of Mediations

Like many young business lawyers of my generation, I considered James C. Freund’s Anatomy of a Merger – Strategies and Techniques for Negotiating Corporate Acquisitions a valuable roadmap for becoming a better deal lawyer and negotiator – in addition to … Continue reading

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Legal expense management news for September 14, 2012

The U.K.’s Takeover Code now requires disclosures regarding legal fees in bids for U.K.-listed companies. A new study shows that legal fees averaged 2.17% of deal value – but not surprisingly, the percentage was significantly lower for the biggest deals, … Continue reading

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What do Boards want from their lawyers?

I enjoyed a well-attended NACD Tri-Cities program this morning on “Working with the Lawyers: What the Board Wants and Needs from Counsel.” A few key takeaways from my notes: – Look at legal services as a potential competitive advantage, rather … Continue reading

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Legal expense management news for September 7, 2012

Australian in-housers seek alternatives to the billable hour. “Close to 60 per cent of the respondents said that they were only ‘accepting’ of, or were unhappy with, their current fee arrangements….In addition to higher demand on flexible fee arrangements, almost … Continue reading

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Legal expense management news for July 27, 2012

Competitive bidding leads to 1 euro fee for a complex financing. GC’s, how would you react if a top-tier firm made such a bid for a major project? And for more on competitive procurement processes – reverse auctions are another … Continue reading

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