http://www.prismlegal.com/wordpress/index.php Prism Legal Consulting, Inc. provides regular updates about interesting developments and themes in the application of technology to law practice and law business. Sat, 04 Feb 2012 02:38:35 GMT http://backend.userland.com/rss092 ron.friedmann@prismlegal.com ron.friedmann@prismlegal.com en I spent most of this week at Legal Tech New York. E-discovery dominated and is amply covered elsewhere. I'll report here on a few products that caught my eye. Plus the most important legal news of the week had little to do with LTNY.  Contract Management. Corporations continue ... http://www.prismlegal.com/wordpress/index.php?p=1195&c=1 This is a live blog post from Legal Tech NY. The session is Judicial Perspectives on Technology-Assisted Review, hosted by Xerox Litigation Services. The panelists are Judges Andrew M. Peck, Frank Maas, David Waxse, and Sr. Master Steven Whitaker. Gabriela P. Baron of XLS moderate. [Apologies ... http://www.prismlegal.com/wordpress/index.php?p=1194&c=1 I have long advocated open source law. If more lawyers and clients put documents in the public domain, legal costs might drop and consistency rise. At least one start-up is working to make this happen.  I recently spoke to Veronica Picciafuoco of Docracy, an open source law website. She ... http://www.prismlegal.com/wordpress/index.php?p=1193&c=1 Large law firms are merging again. The Wall Street Journal has a lead article on the trend today. I wonder though, just who mergers help and how mergers improve value for clients.  Over the holidays, I had a conversation with partners from several large law firms. Most asserted ... http://www.prismlegal.com/wordpress/index.php?p=1192&c=1 Legal process outsourcing (LPO) hit the legal news almost 10 years ago. Initially, it was controversial. Whatever your views of it, you should note that law firms are now widely adopting its techniques.   I first observed the trend of 'law firms becoming LPO providers' in a blog ... http://www.prismlegal.com/wordpress/index.php?p=1191&c=1 So, What's Your Algorithm? headlines a January 4th Wall Street Journal article. It's a good question for lawyers to consider, especially in-house counsel.  The article addresses "How analytics harvested from massive databases will begin to inform our day-to-day business decisions. Call it Big Data, analytics, or decision science. Over time, ... http://www.prismlegal.com/wordpress/index.php?p=1190&c=1 Dear General Counsel: You face ever-increasing pressure to control and predict cost. Here are steps I suggest you take to accomplish this:  1. DETERMINE WHAT PROBLEM YOU NEED TO SOLVE Are you trying to reduce risk? Reduce cost? Improve service to your internal clients? Gain a seat at the ... http://www.prismlegal.com/wordpress/index.php?p=1189&c=1 Since not everyone reads Twitter, I reproduce here a selection of my recent Tweets. I am now organizing Tweets by broad topics  Mainstream Media Reports on the Legal Market NYTimes: What They Don’t Teach Law Students: Lawyering http://nyti.ms/uhQK6Q || Is there any hope for US law schools? 20 Nov NY Times - ... http://www.prismlegal.com/wordpress/index.php?p=1188&c=1 Dear BigLaw Managing Partner: You recognize that the Old Normal is gone. Inertia may carry you a bit but change looms. If you are not retiring soon or if you want to help your younger partners, you need to take four actions to thrive in the New ... http://www.prismlegal.com/wordpress/index.php?p=1187&c=1 I have been doing e-discovery, nee litigation support, since 1989. In the last few years, I have seen the legal market diverge into two new worlds of electronic data and discovery (EDD). How does each look and what does it mean for its inhabitants?  [Note: This article was first ... http://www.prismlegal.com/wordpress/index.php?p=1186&c=1