Ahead of the Curve
The Professional Development Advisory Committee’s (PDAC) purpose in providing you this communication is to further its goal of periodically sharing topical information regarding the legal industry. Our hope is that one or more of the updates will provide a spark of insight to assist with your work on behalf of ALA as well as within your firm or legal department.
"HALF OF FIRMS MISS BILLING GOALS AND MAJORITY OF PARTNERS RESIST CHANGE, SAYS NEW SURVEY
A new survey highlights failure to embrace the marketplace resulting in under-performance and under-utilization.
Resource: Jason Tashea, ABA Journal
"WHY COMPANIES SHOULD STAY CONNECTED WITH EX-EMPLOYEES
With employees changing positions on a more frequent basis staying in touch with ex-employees is now more important than ever. "... companies use terms like “boomerang employees,” “alumni” or “comeback colleagues.” Such language is a far cry from the days when former employees were referred to only in the past tense. But now a growing number of organizations are understanding the value of keeping the bond between employer and employee strong long after the two have parted. It’s a smart strategy for managing talent as company leaders grapple with the tightest job market in more than 15 years."
Resource: Geri Tucker, HR Magazine
"DIGITIZING CULTURE: ARE YOU DOING IT WRONG?
Today's workgroups are increasingly flexible — matrixed across projects, managers and time zones and collaborating between in-office and remote workers as well as full-time and contract workers. According to Gallup's most recent State of the American Workplace report, 31% of employees say they work remotely 80% to 100% of the time.It's no wonder then that employee interactions &mdah; and therefore workplace culture -- are shaped via email, Skype or Slack rather than at the proverbial water cooler of decades past.
And there are many benefits of a digital culture. It allows for a consistent experience across different offices and teams. It also allows for scalability; organizations can flex and grow while maintaining the hallmarks of their identity.
Many organizations are discovering how to take their existing culture and deliver aspects of it digitally. However, other organizations find that this transition isn't as easy as they expected.
"SMART CONTRACTS: THE FUTURE OF CONTRACTS BROUGHT TO YOU BY BLOCKCHAIN"
"Smart contracts are a transformative new technology that can revolutionize the way businesses process deals. If you’ve been following this series on blockchain, you now know blockchain’s disruption beyond bitcoin, how that disruption is affecting different industries, and how to get yourself ready for that cross-industry disruption. Now, it’s time to delve into another exciting application of blockchain: smart contracts. Smart contracts are a transformative new technology that can revolutionize the way businesses process deals."
Resource: Olga V. Mack, Above the Law
"HYBRID PARALEGAL ROLES ARE ON THE RISE AT LAW FIRMS, IN-HOUSE
The latest trend in hiring for law firms and in-house legal departments? Hybrid paralegals—these positions bring the greatest value and are in demand. As clients seek legal services at lower costs, the need for multifaceted support staff grows."
Read more. (requires free subscription)
Resource: Debra Frank Montero, Law.com
"Each year, we ask participants at The MPF Leadership Conference a series of questions about how their firms are evolving and adapting to the changing legal profession. We ask a question, the managing partners vote, the answers appear, and we discuss what it means. Think “Ask the Audience” on “Who Wants to be a Millionaire.” It’s a great way to start the day and provides participants timely information to share back home. Here are a few findings:
- Forty-five percent (45%) of firm leaders are dissatisfied with their firm’s current culture.
- Sixty-four percent (64%) report “mixed success” with lateral hiring.
- Ten percent (10%) say they use psychological testing as part of their hiring process.
- “Succession planning” tops the list of biggest challenges, leap-frogging “Marketing” for the first time.
How would you answer the polling questions for your firm?"
Resource: The Remsen Group
"10 LESSONS FROM THE EVOLVE LAW SUMMIT"
"Last week in Chicago, Above the Law hosted the second annual Evolve Law Summit, a legal technology conference dedicated to investors and strategic partners. There is no question that activity in the legal technology and innovation space is accelerating. In just the first four months of 2018, Internet Brands acquired Avvo; Consillio and Advanced Discovery merged; the Global Legal Hackathon launched in 40 cities; five law schools hosted innovation events; Fastcase acquired Docket Alarm; Logikcull raised $25 million..."
Resource: Hsiaolei Miller, Above the Law
Is this the tip of the iceberg? Clients' response? YES!
"Walmart Inc.’s litigators have found a way to reduce the time spent on answers and initial discovery dramatically—by about 60 to 80 percent."
"Walmart said the technology is automated to create first drafts of answers to litigation and to draft the initial round of discovery requests, each in about two minutes. This could equate to shaving off 10 hours of attorney time on each lawsuit, according to LegalMation’s estimates."
Resource: Stephanie Forshee, Corporate Counsel
Sharon Meit Abrahams, EdD — Foley & Lardner LLP
Jennifer Colwell, CLM, MBA — McGill, Gotsdinger, Workman, & Lepp
Kevin Costello — Holland & Knight LLP
Tammy Cowser, PHR, CP — Gardere Wynne Sewell LLP
Lisa Dasher, CLM, CPA, CGMA — Wicker Smith O'Hara McCoy & Ford P.A.
Rick Hellers — nQueue Billback LLC
Lana McGinnis, CLM, SPHR, SHRM-SCP — Sturgill Turner Barker& Moloney, PLLC
Paul Morton — Burns & Levinson LLP
Stephen Wolf, CLM — Deutsch Kerrigan & Stiles, LLP
ALA Board of Directors Liaison to Committee
James Cornell III — Graves Dougherty Hearon & Moody, PC
ALA Liaison to Committee
Patricia S. Carrera, JD, CKM, CPLP — ALA's Sr. Director, Member Experience