April 17, 2013

Following the Same Tack to Mediocrity

The 2013 Am Law 100 revenue report is out, and it shows some firms doing well, others not. Profits per partner for the top 50 firms rose 8%.

February 12, 2013

How We Test Accuracy

We say that DiligenceEngine finds 90% or more of the instances of nearly every contract provision it covers. How do we know this?

January 9, 2013

Legal Automation: Career Alternative for Laid-Off Law Firm Partners

The Wall Street Journal reports that layoffs have been hitting law firm partners, with more to come. About 15% of roughly 120 firms surveyed by Wells Fargo Private Bank’s Legal Specialty Group intend to cut partners in the first quarter, continuing a three-year trend.

December 30, 2012

The Future Is Coming to Corporate Law Practice, Like It Or Not

We see lots of changes coming to how large-scale corporate law is practiced. Technology will help (or take on) more and more of the process work that goes into getting deals done:

November 1, 2012

Kira Systems Dramatically Speeds Up Legal Due Diligence Contract Review

With Hurricane Sandy’s recent visit to the Northeastern United States knocking out power and transit systems, a lot of lawyers got an unplanned break from work this past week.

September 5, 2012

How Law Firm CIOs Can Make Corporate Associates Happy

The American Lawyer’s annual Midlevel Associates Survey includes a number of questions on firm technology. This year, in the words of Law Technology News, associates were underwhelmed.

September 5, 2012

How Accurate is Kira Systems at Finding Contract Provisions?

Kira Systems quickly reads agreements for user–specified provisions (e.g., term, assignment, change of control) and puts its findings into summary charts.

July 16, 2012

Where Legal Jobs are Going to Be

The New York City Bar Association has convened a task force to study the current tight legal job market. The Wall Street Journal writes:

June 20, 2012

How to Cheat at Due Diligence

The DiligenceEngine team has been speaking with a lot of corporate lawyers lately. A few partners have mentioned that one worry with using our system (which automatically populates diligence contract review summaries with provisions like assignment and change of control) is that associates could use our system to “cheat” on due diligence.

May 29, 2012

Is Lawyer Regulation Killing Law Firms?

Today’s Wall Street Journal features an article by Clifford Winston and Robert W. Crandall of the Brookings Institution, attempting to hitch their lawyer deregulation drive to Dewey & LeBoeuf’s collapse.