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News
Deloitte released its 2021 State of Legal Operations Survey. Nearly half of responding organizations (45%) say they always now consider using alternative legal service providers and legal managed services, up 12% from 2020, suggesting a shift in the competitive landscape. More here.
Kirkland & Ellis announced a November 8 office return for its staff. In recent days, more than half a dozen Big-law firms settled on November return-to-office plans. More here.
Francisco Partners Acquires Paradigm - The investment firm (specializing in tech) has acquired Paradigm, the parent company of PracticePanther, Bill4Time, MerusCase and Headnote. The deal is estimated to be worth $400M. More here.
Thomson Reuters Launches $100M VC Fund - the company announced this week it has launched a $100M venture capital fund to invest in early stage companies that serve professional audiences in legal, tax and accounting, and news media business verticals. More here.
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Bar passage rates increased nationwide for the July 2024 examination, with the national mean scaled score for the Multistate Bar Examination (MBE) rising to 141.8, an increase of 1.3 points over the previous year’s July exam.
Brad Newman, Associate Director of Practice Innovation Services at Cooley LLP writes an interesting take on GPT: "Unlike, say, the fever dreams caused by IBM's Watson (RIP ROSS Intelligence) or your lawyer's latest journey into the Metaverse, we may see real advancements in intellectual efficiency from legal applications powered by GPT tools, in particular those built on Open AI's GPT-3 series."
Several leading law firms have recently closed high-profile offices, highlighting that merely entering a hot legal market is not enough to ensure long-term success.
The American Bar Association requires law schools to seek variances to use the JD-Next exam in admissions, awaiting more data on its validity and reliability as a tool for assessing prospective students.
This is the highest number of claims ever submitted in a class action.
In-house legal professionals talk about how to contextualize stock options as part of a salary package.
The bill’s focus is on transparency and accountability.
The TR report shows corporate legal depts are focusing on effective advising, operational efficiency, business enablement, and risk management, utilizing tech like Gen AI to enhance legal processes.
Legal Operations is a growing field, creating opportunities for an increasing number of talented individuals from a range of disciplines. Do you have what it takes to join this cutting edge department? Let’s take a look at the skills you need to get established in Legal Operations today!
