The Financial Accounting Standards Board (FASB) has proposed a new standard for public disclosure of pending lawsuits. This raises interesting legal technology and management questions for general counsels.  Reporting Rights in the January 2009 issue of InsideCounsel reports on FASB Statements No. 5 and 141[R]....

Instead of a New Year prediction, here is a fictional account about how the legal market revolution began. [References to articles and blog posts appear below.]  The Setting: CEO’s office in an innovative, multi-billion dollar company. It’s late December 2008, so relatively quiet. The CFO...

My prior post A Former GC Explains Why BigLaw Keeps Getting Business prompted a comment from Pam Woldow of Altman Weil, herself a former GC. She reports that law departments are, under pressure from the current crisis, shifting some work away from BigLaw. As I...

A former general counsel of a $100mil company wrote to me privately recently commenting on my blog post The Remarkable Inaction of General Counsels in the Face of Crisis and Budget Crunches. She offers an interesting perspective that I share here, with permission.  Sheryl Katz...