An upcoming conference on Social Media Law charges widely different amounts for different classes of attendees. In-house counsel pay $695 for the one-day conference. Law firms attendees pay much more, $1,295, but not as much as the wretched of the earth (“Consultants/Vendors”) who must cough up $2,095. The conference’s topic…
For large collections of documents, law departments can improve on indices and search tools. If the documents have meta-tags, which capture their higher-level attributes, it is easier to find related documents, manage them such as under retention policies, connect them to other information such as comments, and link them to…
Power and knowledge accumulate together and feed each other. The more a lawyer knows about the law and the company the lawyer represents, the more influence that lawyer wields. The deeper the experience of a law firm partner, the more power that partner has to charge healthy fees. Information, as…
The general counsel of Winn-Dixie Stores, Timothy Williams, has responsibility “for management of all legal, governance, risk and compliance, and quality systems functions.” The final responsibility – quality systems functions – stands out. I have written amply about the wide scope of functions various general counsel oversee (See my post…
“There are, in essence, only two problems in organizations: how to divide things up, thereby ensuring that the right people do the most appropriate work; and how to integrate the tasks of diverse individuals, functions and teams to ensure that the organization gets things done.” I am no fan of…
Most lawyers start their careers being trained to miss nothing, look at everything, and be very wide-ranging. They wallow in complexity, for that rack up lots of billable hours, and become quite enamored with creating and dealing with complications. Once lawyers reach management levels, however, they need a very different…
The Third Annual Law Department Operations Survey asked its respondents to check off to whom do they report. The report that resulted, at 14, states that 44.1 percent report directly to the general counsel as compared to 37 percent in 2009. The writer touts the improvement in the “chain of…
A piece entitled Ten ’In-house Secrets For Reducing Your Company’s Legal Costs” appeared on Jan. 8, 2010 on the WikiCFO site. The author is, I believe, a lawyer with the Phillips Law Group. I don’t think much of the article, but one of its ten secrets pushed me to write.…
A recent report entitled Litigation Cost Survey of Major Companies, presented at the Searle Center on Law, Regulation, and Economic Growth (Northwestern Univ. School of Law, May 10-11, 2010), presents time series data on litigation costs for 37 Fortune 200 US companies. The authors found that “companies spent, on average,…
An extreme value distribution is a curve that does for abnormal values what the normal, Gaussian bell curve does for run-of-the-mill values. A theory to predict extreme events first appeared in 1928, gained its first real traction 20 years later, and Extreme Value Theory (EVT) has recently become more and…