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Posts Tagged ‘Professional’

Last LLB Legal App Post of 2011

30 Dec

Come to think of it, I don’t believe I post very often about apps, at least not in a positive light. But I kind of like this one. Its WolframAlpha’s Lawyers Professional Assistant App for iPhone, iPod Touch and iPad….

 

Friday Fun: Going Green by Repurposing Legal Reporter Volumes into Book Flasks

02 Dec

The Bender Books folks have “come up with a new twist on the book flask. Rather than mass-produce fake books, or concentrate on the classics, we want to take professional and reference books like legal reporters, medical books, cook books,…

 
 

Legal Forms In Spanish

01 Dec

Legal forms in Spanish 100s of online legal documents and resource information in Spanish language. Professional legal forms
for less than the price of lunch.

 
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Posted in Uncategorized

 

A Vendor Rep’s Professional Opinion on the Relationship between Vendors, Law Librarians and Their Institutions

15 Nov

Chuck Lowry, a sales rep for Fastcase, offers his professional opinion about the contributions law firm librarians make to their law firms writing Vendors have an almost unique perspective on law firm librarians. We are sometimes partners, sometimes adversaries; sometimes…

 

Thomson Reuters in Turmoil: Danger Alert, It’s Time for "Chiefs" to Duck and Cover

29 Sep

Here we go … TR is executing a reorg — the Markets Division is merging with the Professional Division and the Head of the Professional Division has been appointed TRI’s COO. First Question: Why wasn’t this reorg executed last summer…

 

Going the Distance: Lexis to Offshore Some Not Yet Specified Number of Jobs to the Philippines

19 Sep

Last month Lexis Global Legal & Professional informed its US workforce that it was planning to offshore some jobs to the Philippines next year. Most of the positions affected reportedly will be in Global Customer Services and Support. See the…

 

News Flash: TR Legal Not for Sale!

02 Aug

Word is TR Professional wants to dispel any rumors that were circulating at AALL Philly 2011 by stating that TR Legal is not, I repeat, not up for sale. Rumors started circulating that TR Legal might be on the chopping…

 

On the Peasant-Landload Relationship in the Ancien Regime: Ignoring Tradition-Bound "Professional" Rhetorical Norms of Restraint and Civility to Promote Reforms

08 Jul

The “scam blogger” movement refers to those in the law-related blogoshere who criticize the legal academy for continuing to spin the story of “Come to law school. Sure, you’ll take out loans, but it will all be worth it in…

 

Should law firms be owned by non-lawyer investors?

19 May

There has been much discussion recently in various venues about whether 5.4 of the US Rules of Professional Responsibility should be amended or revised to permit investment in law firms by non-lawyer, or non-lawyer entities, or even ownership of US law firms by non-lawyer entities. The ABA’s Ethics 20/20 Commission is circulating a paper on the subject and is soliciting comments.

Known in the United Kingdom as Alternative Business Structures (ABS), this new form of law firm organization, authorized by the UK Legal Services Act of 2007,  will be permitted after October 6, 2011. Alternative Business Structures are already permitted in Australia, where several law firms have already gone public.

Other than the State of North Carolina where there is bill pending to permit non-lawyer ownership of up to 40% of a law firm, there has been little movement in the US to make change Rule 5.4 Some hybrid models are beginning to emerge in the US,  but they are a workaround the existing rules.

There is no clear path for non-lawyer ownership or investment in a law firm in the United States, and as a result it is arguable that the legal services delivery system lacks the capital necessary to innovate and create the efficient systems that are necessary to serve not only the "latent market for legal services", but existing legal markets more effectively. Resources from Labor Law Compliance Center offer mandatory federal & state labor law posters or combination labor law posters for government business compliance.

Now comes Jacoby & Meyers, a law firm that has pioneered in changing the way legal services are delivered, filing multiple law suits in the Federal District courts of New York, New Jersey, and Connecticut against the presiding state justices in those states responsible for implementing and enforcing Rule 5.4, requesting that the Rule by overturned. The Complaint makes clear that Jacoby & Meyers "seeks to free itself of the shackles that currently encumber its ability to raise outside financing and to ensure that American law firms are able to compete on the global stage"

Click here for a complete version of the Complaint.

Andrew Finkelstein, the Managing Partner of Jacoby & Meyers, and also the Managing Partner of Finkelstein & Partners, said that "No legitimate rationale exists to prevent non-lawyers from owning equity in a law firm. The time has come to permit non-lawyers to invest in law firms in the United States,"

Now the fun begins!

Disclosure: Finkelstein and Partners is a subscriber to our  DirectLaw Virtual Law Firm Service.