Business of Law (Video)

Attorneys tout the benefits of having a paperless law practice

Having a truly paperless office will increase efficiency safeguard important client data–but getting there is often the hardest part. In a packed conference room at ABA Techshow on Thursday at the Hilton Chicago, Bryan Sims of Sims Law Firm in Naperville, Ill., and Jim Calloway, practice management advisor for the…

Apr 16, 2015 11:22 AM CDT

LeClairRyan opens Atlanta office with 2 partners from Troutman Sanders

A rapidly growing law firm with longstanding roots in Richmond, Virginia, is expanding its footprint in the Southeast. LeClairRyan announced this week that it is opening an Atlanta office with two partners from Troutman Sanders. The 380-attorney LeClairRyan also recently opened offices in Sacramento, California, and Houston, Texas, notes the…

Feb 13, 2015 2:30 PM CST

Rolling out law practice management software at Akin Gump (video)

Toby Brown, director of strategic pricing and analytics at Akin Gump Strauss Hauer & Feld, talks with Bloomberg Law’s Lee Pacchia about the challenges of implementing a pricing strategy at a large law firm and the recent efforts to utilize legal process management software. “One of the challenges in the…

Dec 19, 2013 6:18 PM CST

What do the 2013 bonuses tell us about the legal market? (video)

David Lat and Elie Mystal from Above the Law talk with Bloomberg Law’s Lee Pacchia about 2013 bonuses for lawyers at Cravath and Skadden, as well as some recent and noteworthy breakdowns in merger talks among several large law firms. Related article: ABAJournal.com: “Cravath to pay bonuses of $10K to…

Dec 5, 2013 4:07 PM CST

What it’s like to build a new law firm in the post-downturn market (video)

Bruce Barket, founding partner at Barket, Marion, Epstein & Kearon, talks with Bloomberg Law’s Lee Pacchia about the challenges in building a law firm after the legal profession’s slowdown in 2008. Barket and his three partners started their own criminal defense firm two years ago, and the firm has grown…

Nov 21, 2013 7:00 PM CST

BigLaw partners can’t really be entrepreneurial, consultant says (video)

This year has been a “long slog” for most major law firms, with revenues and profits rising modestly, if at all, law firm consultant Bruce MacEwen tells Bloomberg Law’s Lee Pacchia. Two aspects of BigLaw make it difficult for law firms to change that, he says. First, despite claims they…

Nov 14, 2013 4:38 PM CST

Why Milbank sends its 4th-year associates back to school (video)

David Wolfson, partner at Milbank Tweed Hadley & McCloy and chair of the firm’s professional development committee, talks with Bloomberg Law’s Lee Pacchia about the Milbank@Harvard program. The week-long course at Harvard Law School and Harvard Business School takes mid-level Milbank associates through a wide range of professional development courses.…

Nov 7, 2013 6:31 PM CST

Is bigger better for the bottom line? Why these BigLaw firms might merge (video)

Recent reports have indicated that Orrick Herrington & Sutcliffe is discussing a tie up with Pillsbury Winthrop Shaw Pittman, while Patton Boggs is considering a deal with Locke Lord. Kent Zimmermann, consultant at the Zeughauser Group, talks with Bloomberg Law’s Lee Pacchia about the two potential BigLaw mergers, and how…

Oct 31, 2013 5:25 PM CDT

How GlaxoSmithKline changed the way it buys legal services (video)

Silvia Hodges Silverstein, adjunct professor at Columbia Law School, and Heidi Gardner, assistant professor at Harvard Business School talk with Bloomberg Law’s Lee Pacchia about how pharmaceutical giant GlaxoSmithKline introduced procurement practices into its retention of outside counsel. Silverstein describes GlaxoSmithKline’s sourcing room events, which firms are invited to after…

Oct 24, 2013 5:00 PM CDT

Start-up UpCounsel raises $1.5M to expand its online atty marketplace outside of California (video)

Matt Faustman, founder and CEO of legal services start up UpCounsel, talks to Bloomberg Law’s Lee Pacchia about his company’s recent fundraising and expansion of service into New York. UpCounsel, a 14-month-old California-based company, raised $1.5 million for its expansion. UpCounsel is an online marketplace for legal services, in which…

Oct 17, 2013 3:37 PM CDT

Law schools should award more scholarships based on need rather than merit, says dean (video)

Law schools need to find ways to cut the expense of merit scholarships, which they “use to buy students…with high LSATs” to improve the schools’ U.S. News & World Report rankings, Brooklyn Law School Dean and Patton Boggs Partner Nicholas Allard tells Bloomberg Law’s Lee Pacchia. The money would be…

Oct 10, 2013 4:33 PM CDT

How Bryan Cave grooms rainmakers (video)

Law firm associates know they have to start to develop business, but don’t always know the best way to go about it. Bryan Cave partner Steve Sunshine’s mentorship of one such associate evolved into a firm-wide program now in its sixth year that focuses on helping attorneys in the firm…

Oct 3, 2013 4:15 PM CDT

What would the Obama-backed 2-year law school look like? Dean describes NYLS program (video)

Anthony Crowell, dean and president of New York Law School, talks with Bloomberg Law’s Lee Pacchia (a New York Law School alumnus) about the school’s new two-year law degree program and the prospects for a federal ranking system of higher education providers. See the video interview here. Other ABA Journal…

Sep 19, 2013 6:38 PM CDT

Why are clients buying less but paying more? ALM’s editor-in-chief may have the answer (video)

Aric Press, editor in chief of American Lawyer Media, talks with Bloomberg Law’s Lee Pacchia about the latest data on the financial performance of law firms. “The legal marketplace is a complex entity. Parts of it have recovered, parts of it haven’t,” says Press. “You can walk through the halls…

Sep 12, 2013 5:25 PM CDT

How DLA Piper became the highest-grossing firm in only 9 years (video)

After three years at the top of the American Lawyer revenue rankings, Baker & McKenzie has been dethroned. Kent Zimmermann, consultant to law firms for the Zeughauser Group, talks with Bloomberg Law’s Lee Pacchia about how DLA Piper—a firm created via a 2005 merger between San Diego-based Gray Cary Ware…

Sep 5, 2013 6:14 PM CDT