Funding Law Suits: Market Discipline to Manage Legal Risk?
Champerty is one of the those great law school words that few think about or remember in detail. Something to do with buying law suits being illegal. Funding them, however, may be a different story. Third-Party Litigation Funding Stepping up in U.K. in the Wall...
Ron Friedmann,
18 years ago
2 min read
Innovative Law Departments – 2007
InsideCounsel magazine (9/07) reports on its annual 10 most innovative law departments. Once again, technology played a big or supporting role at several winners. Highlights from 2007’s Most Innovative Legal Departments (PDF) include: To address a shortage of IP lawyers, IBM‘s law department turned...
Ron Friedmann,
18 years ago
1 min read
Using Technology to Assess Legal Risk
Legally solid contracts may not be good for the business. That’s a conclusion in Best Practices: Assessing And Managing Legal Risk in the June 2007 newsletter of International Association for Contract and Commercial Management. The article cites studies suggesting that well-tuned legal contracts may not...
Ron Friedmann,
19 years ago
1 min read
Bigger Slices or a Bigger Pie?
What’s better, a bigger pie or a bigger slice? I am a legal technology consultant by profession but an economist at heart. One reason I did not practice law is a sense that too much is about slicing rather than growing the pie. Legal tech...
Ron Friedmann,
19 years ago
1 min read
Too Good to be True?
Corporate Counsel magazine named the General Electric law department as best of the year. Home-grown technology was a key factor the editors considered. All Systems Go (Corporate Counsel, 4/18/07) reports that the GE law department has developed many interesting applications, including a web-based questionnaire to...
Ron Friedmann,
19 years ago
1 min read
Directory of Large Firm Blogs (Not as Many as You Might Think)
Blogs are now old hat. How many large law firms write blogs? It turns out that not many. Joy London (of excited utterances) and I have compiled a directory of large US firm blogs. It includes only firm-branded blogs. It also includes large firms that...
Ron Friedmann,
19 years ago
1 min read
Wither Online Legal Auctions?
Making lawyers more efficient means clients need to be tougher. I was therefore surprised to see one typically tough customer scale back on a recent innovation. The headline in LegalWeek.com (2/15/07) says it all: GE to ditch e-tendering to ‘deepen relationships’ in Euro panel review....
Ron Friedmann,
19 years ago
1 min read
Human v Technology Failure
Here’s a great illustration of the difference between human and technology failure. A friend sent me the following e-mail auto-reply text from a lawyer: “Please note that due to the high volume of e-mails received, delays caused by internet service providers and other problems one...
Ron Friedmann,
19 years ago
1 min read
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