Business of Law (Video)

Do you have ‘professional telepathy’? It’s what Ernst & Young looks for from firms (video)

Trevor Faure, Global Leader of Legal Services for Ernst & Young, tells Bloomberg Law’s Lee Pacchia that general counsels at large corporations are looking for four things from the law firms which represent them: professional telepathy, professional prescience, exceptional client service and cost efficiency. “But please note, [cost efficiency] will…

May 16, 2013 5:20 PM CDT

Could this law school ranking unseat US News? (video)

Elie Mystal, editor at Above the Law, tells Bloomberg Law’s Lee Pacchia that his blog’s new law school rankings sought to list the top 50 American law schools by relying on an “outcome-based” methodology. Mystal says that focusing on the costs and rewards of a legal education allows this ranking…

May 9, 2013 4:00 PM CDT

With radical changes, law firms can beat recession, says Susskind (video)

Just as legal process outsourcers are stealing business from law firms today by doing it cheaper, they too will face pressure in the coming years from technologies that can do the the job even cheaper than they, law firm consultant Richard Susskind tells Bloomberg Law’s Lee Pacchia. And law firms…

May 2, 2013 3:20 PM CDT

With up to 20% of Am Law 200 ‘badly weakened,’ will more firms fail? (video)

A substantial percentage of the nation’s largest law firms enter the sixth year of the Great Recession “badly weakened,” and more firms are expected to fail, according to law firm consultant Kent Zimmermann of the Zeughauser Group. Their problems boil down to “too many attorneys for too little work,” he…

Apr 25, 2013 2:27 PM CDT

How companies use social media to hire law firms (video)

A new survey from public relations firm Greentarget finds that in-house counsel are frequently using LinkedIn and lawyer blogs to determine who they will hire, John Corey, founding partner at Greentarget, tells Bloomberg Law’s Lee Pacchia. But you won’t find those in-house lawyers in the comment sections of blogs or…

Apr 18, 2013 1:53 PM CDT

Survey: Strong consensus law firms need to change. But can they? (video)

A survey of the readers of the Adam Smith, Esq. law firm management blog has found that there is widespread agreement that law firms have to change their fundamental business models, consultant Bruce MacEwen tells Bloomberg Law’s Lee Pacchia. But lawyers have real doubts that law firms will be willing…

Apr 11, 2013 4:35 PM CDT

Global M&A deals may increase despite poor 1st quarter, says Sullivan & Cromwell partner (Video)

Despite the number of global mergers and acquisitions being down year over year for the first quarter, Sullivan & Cromwell expects deal work to increase this year because the phone is ringing more often at its New York office, partner Frank Aquila tells Bloomberg Law’s Lee Pacchia. “A year ago,…

Apr 4, 2013 4:30 PM CDT

Let law students ‘vote with their feet,’ Northwestern’s dean says (Video)

Northwestern Law School Dean Daniel Rodriguez says he supports a proposal under consideration in New York that would allow students to take the bar exam after two years of law school without getting a degree. Some fellow deans have told him privately that the idea is putting “the economic model…

Mar 28, 2013 3:35 PM CDT