Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
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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Intellectual property management solutions company Anaqua announced that it plans to be acquired by Nordic Capital, a private equity investor, which will allow it to elevate its technology offerings and widen its clientele.
We all know the feeling. You’ve breezily agreed to a deadline which seemed to be a comfortable distance away at the time. But the crunch date is approaching at 100 miles per hour and you don’t have the work done – you’re going to miss the deadline. So, what can you do? For sure, waiting until the deadline has arrived and then announcing that things are not ready is going to leave you with one very unhappy client. Let’s consider some better ways of approaching the situation.
In-house legal professionals talk about their workload and schedule during a typical week.
Human input takes center stage in new guidelines issued by the USPTO.
The CRTC's new Online Streaming Act requires online streaming services to contribute 5% of their Canadian revenue to support diverse local content.
Thomson Reuters is selling a majority stake in its legal financial and practice management solutions suite, Elite, to global asset management firm TPG. The deal, valued at $500 million, will enable Elite to operate as a standalone business with a greater focus on accelerating growth and improving law firm finance and accounting operations.
Beyond the paycheck, associates seek work-life balance and career growth.
The move signals strategic shifts in LA's legal landscape.
The Thomson Reuters Institute 2024 Report on the State of the US Legal Market shows that general counsels are increasingly considering the shift of a substantial portion of their legal work to alternative legal service providers like Legal.io.