#legal-industry

#legal-industry

Gen Z's tech-centric lifestyle is shaping the future and will have a significant impact on the legal industry.

Legal professionals need to adapt to Gen Z's technological preferences and expectations in order to effectively communicate and persuade them. [ more ]

The AI legal software market is expected to grow to $8.7 billion by 2030.

GPT-4 and Claude 2 LLMs have shown promising performance on a legal exam simulation.

Google is taking legal action against online scammers using AI-related scams.

Communication and addressing client concerns are key in implementing new legal technology.

The interplay between humans and AI in the legal industry will transform how legal work is done. [ more ]

Legal industry undergoing changes with coaching support, modern office improvements, and AI feedback. [ more ]

Vacations are crucial for work-life balance and should be taken advantage of to recharge and increase productivity. [ more ]

Having Biglaw attorneys on the Trump hush money jury is rare and unexpected, showcasing changing perspectives on lawyers serving as jurors. [ more ]

Artificial intelligence in the legal industry may not have a significant impact in the short term as initially predicted. [ more ]

Efficient information management in legal cases is crucial for high-quality outcomes, which CaseMap Cloud by LexisNexis facilitates effectively. [ more ]

Seeking experienced Advertising, Marketing, and Promotions Partner with specific expertise

Opportunity to shape and expand the advertising law practice nationally [ more ]

In-house lawyers need to cultivate positive relationships to excel, in addition to technical skills.

Key technical skills for in-house lawyers include legal research, contract drafting, litigation management, risk assessment, problem-solving, and industry-specific knowledge. [ more ]

Firms experienced associate overgrowth in 2021.

Lateral hiring became conservative due to factors like decreased workload and increased compensation. [ more ]

Use cases are crucial for integrating technology effectively in the legal sector by bridging potential and practical utility.

Crafting effective use cases in legal tech requires understanding legal workflows and engaging with legal professionals. [ more ]

Diverse backgrounds enhance team performance

Importance of mentorship in legal profession [ more ]

Baker McKenzie sued IRS for information disclosure related to tax audits and partnership agreements.

IRS has intensified audits on partnerships, including law firms, with plans to send compliance letters to 500 partnerships. [ more ]

Firms are increasingly viewing OCI as a secondary source for summer associate recruitment.

Pre-OCI recruiting is becoming more popular among firms to secure ideal candidates. [ more ]

Lateral partner hiring by Am Law 50 up in 2024 over 2023

Corporate partners leading surge in lateral partner moves [ more ]

Cravath historically focused on home-grown talent, avoiding lateral hires.

In 2021, Cravath started to look for a recruitment manager for lateral hires. [ more ]

Dues increase reasons: inflation, workload, lack of planning.

State Bar seeking input on alternative fee structures based on practice years, areas, income. [ more ]

David Elsberg left Selendy Gay Elsberg to start Elsberg Baker & Maruri with former Quinn Emanuel colleagues.

Elsberg Baker & Maruri anticipates handling five trials and arbitrations this year, with plans to bring on 14 associates and implement a seven-year promotion track. [ more ]

Recruiting cycle evolving into a year-round process

Summer associate offers increasingly made before formal interview programs [ more ]

Mid-sized firms often get neglected in the news, overshadowed by big law firms and small boutique firms.

According to the US Census County Business Patterns Report, there are over 9,000 mid-sized law firms in the country, which is roughly 80 times more than firms in the Biglaw range. [ more ]

Lateral Link has promoted several members of their team for their exceptional skills and contributions.

The promotions include Managing Principal Jon Kahn in New York, Senior Principal Amy Savage in Washington, D.C., and Senior Principal Lauren Smith in Washington, D.C. [ more ]

Billing rates are increasing despite overall inflation.

A lawyer pleads guilty to paying a clerk for referrals. [ more ]

In-house counsel anticipate AI tools improving their workflow.

Survey by LexisNexis shows positive outlook towards AI in the legal field. [ more ]