Monthly Archives: December 2008

Regeneration

Thacher Proffitt & Wood, a 160-year-old US law firm established the same year The Communist Manifesto was published, the Second French Republic was founded and Wyatt Earp was born, will close its doors tomorrow. Following failed merger talks with Spalding & King, Thacher Proffitt arranged for 100 of its lawyers, including its managing partner, to [...]
Posted in Innovation | 7 Comments

Thank you

I was preparing what I figured would be my last post before Christmas, a thank-you card to everyone who reads and has linked to this blog since its inception in January. But then along came another reason to be grateful and another person whom  I want to thank. Dennis Kennedy has released his 2008 Best [...]
Posted in Law21 | 11 Comments

Watch for falling dominoes

I don’t think Detroit’s automakers scored a $17 billion care package from the White House because anyone seriously thinks the cash will staunch the gaping holes in their business models and turn them into American Toyotas. More likely, the US government feared a massive ripple effect throughout the faltering wider economy if even Chrysler went [...]
Posted in Big Firms, Law School, Publishing | 4 Comments

The failure of billable-hour compensation

Two ugly stories from the mainstream legal media at least give us the opportunity to consider an under-publicized way in which the billable hour poisons the profession. First is this National Law Journal article about how law firms are responding to the recession (short answer: myopically). Among other things, firms are laying off staff and [...]
Posted in Billing, Compensation | 3 Comments

The new leverage

Bad news on the economic front continues to pile up — you don’t need the links from me — and the legal profession is finding its ride increasingly bumpy as a result. Wachovia’s legal specialty group reports that partners in large law firms are bringing in less revenue for the first time since approximately the [...]
Posted in Big Firms, Clients, Solo & Small Firm, Talent | 6 Comments

Re-engineering law schools

My newest column for Slaw is up and running at the must-read site and ABA Journal Blawg 100 finalist. Even though I’ll also reproduce the article here, I recommend you read it there, in order to get a close-up look at the tremendous content, links and insights available to its readers every day. As law [...]
Posted in Law School | 1 Comment

Information, innovation and a top 10 list

This is kind of a roundup post — a few things I thought might interest you on the theme of innovative information for lawyers. First, if you haven’t checked out JD Supra lately, you might have missed this handy new feature: a Facebook application for streaming your legal documents. JD Supra Docs allows legal professionals [...]
Posted in Innovation, Publishing, Technology | 4 Comments

Law21 makes ABA Journal’s Blawg 100 list

I’m delighted and honoured to report that the editors of the ABA Journal have included Law21 in their 2008 listing of the 100 best law blogs. It totally caught me off guard — I didn’t even know they were handing these things out this month — and I’m not exaggerating when I say it’s an [...]
Posted in Law21 | 3 Comments

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