Insights

An update on one of the most innovative law companies to date; Atrium.

To try and help you stay on top of things, we’ve compiled a list of relevant legal news that we’ve found so far this month. This month, we found various names, news, and nonstarters to be of interest. Here’s your February Rundown:

The future of NewLaw is hinged on the ALSP market homogenizing to provide a verity of legal services ranging in expertise but often standardized in efficiency, transparency and reduced costs.

The legal industry is changing now more than it has in the last few centuries; we’re seeing the emergence of AIs and automation breaking into the legal-sphere, as well as the growing sector of Alternative Legal Service Providers.

After more than ten years in the legal profession, and having been both a transactional lawyer, and on the hiring side – here is what I have to say to those just breaking into the field:

General Counsels (GC) are no longer expected to exclusively focus on their roles as legal advisors, but also address other matters, such as business, financial and procedural issues, development and growth of the team and strategy matters. This short post will focus on three main aspects that fall under the GC’s new roles.

Now  approximately 20-25% of lawyers work in-house, and in the UK, the in-house counsels market doubled itself in the past 15 years and currently, one of four counsels work in-house.

The use of technology in the legal market has grown tremendously over the past few decades. One common way in which law firms and in-house legal departments are incorporating technology into their day-to-day lives is through the use of e-billing and budget management services.

Recently, I had an opportunity to meet Jackie Donner, ex-Freshfields lawyer and cofounder of LawFlex, an Israeli company that’s rethinking legal staffing.