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Law Department Management Blog

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An Australian funder of litigation, IMF, publicly traded and with a long track record

IMF (Australia) Ltd. Is a publicly-traded investor in litigation. A long profile from The Asian Lawyer, Summer 2011 at 17, explains how its founder, Hug McLernon started funding cases in 1989 and took his company public in 2001. It currently has around $1.7 billion in active claims under management (See…

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More cloud law: another online repository of free or low-cost corporate legal guidance, LawPivot

The point of this post is the increasing availability at low cost of legal guidance and work product on the Internet. The trend toward even more cloud law is inexorable. Bloomberg Bus. Week, July 11 at 41, describes LawPivot as a Q&A website that allows cash-strapped entrepreneurs to ask questions…

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Salary differentials for Canadian general counsel who are director level compared to executive level

Canadian Lawyer gathered salary data from 12 Canadian general counsel. The findings broke them into “director level” and “executive level.” The salary differential was large, as the median for the directors was $155,000 (Canadian dollars) versus $207,000 for the executives (30% higher). The sample is very small, but the point…

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Take part now for Release 3.0 in September! Release 2.0 of the General Counsel Metrics Benchmark Survey went out last week

The second release has 317 participants from 23 countries grouped into 21 industries. Somewhat more than half of them are headquartered in the United States. One quarter of the participants reported revenue below $500 million. One quarter reported revenue greater than $5.8 billion. The median revenue was $1.5 billion. The…

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The ethical line between RFPs that exploit good ideas and those that respect the proposers’ intellectual capital

An article on requests for proposal in the ACC Docket, June 2011 at 74, claims that “More and more companies are using requests for proposal (RFPs) to get a glimpse of what tailored ‘solutions’ outside counsel may offer and on what basis.” To glimpse tailored solutions may be legitimate and…

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No gatekeepers internally or at law firms: clients should go straight to the most knowledgeable lawyer

According to an ACC Docket article (June 2011 at 78), partners in some law firms are gatekeepers “acting as channels through which communications and legal advice must be directed.” Such an arrangement, by my lights, obstructs, slows, and costs. It obstructs because if someone in a law department has a…