November 11, 2011 | Kira Insights
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
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
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
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.
June 16, 2011 | Kira Insights
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
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
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
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”).