Kira Insights

November 11, 2011 | Kira Insights

Better Legal Training is Only Part of the Problem

The New York Times recently ran a long, detailed and worth-reading article entitled “What They Don’t Teach Law Students: Lawyering”. The title pretty much says it all: (1) Law schools are stocked with legal scholars not lawyers (“… the median amount of practical experience [of hires at top-tier law schools] was one year, and half of faculty members had never practiced law for a single day”) focussed on often esoteric research; and (2) The high cost of all this faculty research (roughly $575 million/year) is borne by highly indebted law students, who graduate law school not knowing how to practice law.

October 27, 2011 | Kira Insights

Solving the 'First-Year Dilemma'

The Wall Street Journal recently ran a piece on the growing number of corporate clients who refuse to pay to have junior lawyers staffed on their matters (also see the WSJ Law Blog post on the article and Ashby Jones on Mean Street being interviewed about the trend).

September 16, 2011 | Kira Insights

Software is Writing News Articles. Here's Why Lawyers Should Care

The New York Times recently ran an article on Narrative Science, a Chicago company that Transforms data into high-quality editorial content.

August 25, 2011 | Kira Insights

Making Junior Lawyers Better Value

The Wall Street Journal Law Blog recently ran a piece on Debevoise & Plimpton and Skadden, Arps, Slate, Meagher & Flom’s moves to have a significant number of their junior associates complete four weeks of business training put on by Fullbridge.

July 28, 2011 | Kira Insights

The End of Lawyers?

Anyone interested in the future of legal practice should read Richard Susskind’s “The End of Lawyers?: Rethinking the Nature of Legal Services”.

June 16, 2011 | Kira Insights

Low-End Work in High-End Law

The Wall Street Journal ran a piece on the expanding use of contract attorneys. For the unfamiliar, contract attorneys are lawyers hired to work on a temporary basis, frequently on document review projects as part of large litigation matters.

June 2, 2011 | Kira Insights

Going Beyond Providing Just Great Legal Advice

The New York Times just ran an interesting article on how (1) legal outsourcing firms are creating jobs for American lawyers, (2) legal outsourcers are growing—they “made an estimated $400 million in revenue in 2010 … which was just a tiny fraction of the world’s $200-billion-a-year legal market.

May 24, 2011 | Kira Insights

Biglaw Tries "In-Sourcing". Profits and Good Jobs Ensue

The New York Times ran an interesting piece on Biglaw firms opening lower-cost domestic “in-sourcing” operations, which has gotten coverage in other outlets

May 19, 2011 | Kira Insights

Will the future legal marketplace need less lawyers?

Jordan Furlong of Law21, in a post worth reading, argues that “The future legal marketplace is going to require fewer, differently skilled lawyers than it has” but that “the overall legal services market seems poised for strong growth” driven by demand and innovations from new legal service providers (“virtual law firms, legal process outsourcing companies, freelance and contract lawyer organizations, e-discovery specialists, automated document assembly programs, consumer-friendly legal kiosks and outlets, and many other options still at the embryonic stage”).

May 5, 2011 | Kira Insights

A less gilded future?

The Economist had a very good article today on changes and challenges for large law firms. Well worth reading. A few points prompted by it: