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Law firms DONE HERE: First state oks non-lawyer ownership of firms
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Date: September 10th, 2020 8:55 AM Author: hyperactive tanning salon The restriction of non-lawyers not being able to own firms has been the only reason firm partner comp has been so high. Once corporations can come in and be the owner, they will siphon off most of the profit for the shareholders and the “partners“ will just be paid like every other professional working for a corporation. I’m sure this will reduce associate salaries too eventually. Corporations usually aren’t big on big shows of lavish spending. What do associates at Price Waterhouse Cooper make?
https://www.law.com/americanlawyer/2020/08/28/arizona-oks-outside-ownership-of-law-firms/?slreturn=20200810085208 |
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Date: September 10th, 2020 9:22 AM Author: canary vibrant coffee pot Getting CRUNK for the upcoming WEIL IPO (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897656) |
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Date: September 10th, 2020 9:28 AM Author: Splenetic talented useless brakes pocket flask (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897692) |
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Date: September 10th, 2020 10:42 AM Author: Crusty dashing foreskin shrine (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898139) |
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Date: September 10th, 2020 5:44 PM Author: titillating clear menage new version (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900383) |
Date: September 10th, 2020 8:56 AM Author: duck-like mad-dog skullcap cuck This is big. And a terrible idea. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897553) |
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Date: September 10th, 2020 9:20 AM Author: Splenetic talented useless brakes pocket flask (guy whose law firm won't be listed on the NYSE) (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897641) |
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Date: September 10th, 2020 1:03 PM Author: Pearl Misanthropic Lettuce Codepig (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898978) |
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Date: September 10th, 2020 9:00 AM Author: Sienna stimulating house black woman Great time to found a law firm. Maybe go ask to buy stakes in existing ones. No way lawyers understand how to value their asset. Think of CSLG selling at $8m or whatever. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897565) |
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Date: September 10th, 2020 9:20 AM Author: Splenetic talented useless brakes pocket flask (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897643) |
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Date: September 10th, 2020 9:45 AM Author: aphrodisiac masturbator candlestick maker What do you think a law firm’s assets are? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897793) |
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Date: September 10th, 2020 10:48 AM Author: Narrow-minded pit intellectual capital (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898174) |
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Date: September 10th, 2020 11:23 AM Author: Sienna stimulating house black woman The milquetoast bitches doing “law” who alpha HBS bros can bully into taking subsistence wages. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898392) |
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Date: September 10th, 2020 9:15 AM Author: burgundy hairraiser school knife what is the benefit of this
who is like, I'd like to start a law firm but lack the capital to do it |
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Date: September 10th, 2020 10:47 AM Author: comical cheese-eating friendly grandma (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898170) |
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Date: September 10th, 2020 10:50 AM Author: slimy frozen half-breed Arizona firms can now use equity to incentivize non-lawyer staff performance. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898190) |
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Date: September 10th, 2020 11:54 AM Author: Avocado Office Potus LJL at the "performance" of a paralegal mattering to anything. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898614) |
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Date: September 10th, 2020 12:02 PM Author: alcoholic marketing idea did they actually say this? making that argument with a straight face is more offensive than blowing up the entire profession out of pure greed. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898661) |
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Date: September 10th, 2020 12:37 PM Author: slimy frozen half-breed I'm saying it. It's a fine argument. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898830) |
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Date: September 10th, 2020 12:39 PM Author: alcoholic marketing idea i don’t buy it. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898839) |
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Date: September 10th, 2020 1:06 PM Author: burgundy hairraiser school knife you can do that today. There's nothing illegal about saying "the firm had a great year here's a $5K Christmas bonus for all your hard work." Lawyers say that all the time.
You just can't promise them a certain %. Now, I guess, you can. Does that make a big difference? |
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Date: September 10th, 2020 1:10 PM Author: alcoholic marketing idea that’s partly my point. i don’t see what difference the equity makes unless we’re envisioning a world where law firm “startups” are founded with the goal of exit. and traditionally law firms have more incentives than other companies to have as few owners as possible. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899016) |
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Date: September 11th, 2020 9:19 AM Author: Cerebral private investor Funding software development to automate various aspects of law-doing and developing completely different pricing structures, like outcome and milestone based comp. Law will become a division of consultancies, and it will facilitate stuff like helping a megacorp modernize and automate their contracting databases and lifecycle management tools, so they can fire all their contracts managers and have 2-3 lawyers supervise the work instead of 20-30. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903062) |
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Date: September 11th, 2020 9:21 AM Author: burgundy hairraiser school knife trannies and compliancemos fucked
alpha litigators reign supreme |
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Date: September 11th, 2020 9:31 AM Author: Cerebral private investor Litigators can't really take advantage unless there's some way around the bottleneck of the courts. I guess maybe some kind of mass arbitration capability? Would be cool if this pwns all those dumb boomers making bank doing arbitrations at obscene levels of cost. Still don't think the average person would trust that, unless the model makes it waaaaay cheaper and the outcomes didn't wildly favor the corps. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903124) |
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Date: September 10th, 2020 9:20 AM Author: useless organic girlfriend heaven Didn’t they do this in the UK and Australia and it didn’t change much? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897645) |
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Date: September 10th, 2020 9:36 AM Author: Diverse smoky alpha faggotry I view this as a positive because when I am ready to retire at 45 or 50 or whatever I was prepared to just shutter my shop but if I can sell to some shit PE fund turning law firms into aspen dental franchises, best believe I will (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897737) |
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Date: September 10th, 2020 9:43 AM Author: Razzmatazz stubborn space (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897780) |
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Date: September 10th, 2020 9:44 AM Author: duck-like mad-dog skullcap cuck Outside ownership of law firms is going to be the same guys doing lit financing now for $50,000,000 cases. No one is buying your flat fee divorce website. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897788) |
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Date: September 10th, 2020 11:51 AM Author: Aqua bisexual tattoo spot They used to say that about residential real estate. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898595) |
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Date: September 10th, 2020 10:21 AM Author: burgundy hairraiser school knife this is what all these boomers thought, "oh when I retire I'll sell my practice to some up and coming millenial! That's my retirement account" by why the fuck would I want to buy out somebody else's practice? Clients can leave the next day. unless you have a serious brand - and one or two lawyers per state have this - the value is your labor. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897968) |
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Date: September 10th, 2020 9:39 AM Author: vigorous violet pisswyrm center how long until they allow golden retrievers to bark at oral argument? 2 years? 2 months? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897753) |
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Date: September 10th, 2020 9:43 AM Author: Bateful mischievous public bath (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897777) |
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Date: September 10th, 2020 9:44 AM Author: vigorous violet pisswyrm center justice roberts: so this was originally brought as a private cause of action or as a qui tam clayton act relator?
manhattan golden retriever, 2005 3rd place westminster: arf, arf, arf, AAAAARRRRR, arf, arf. |
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Date: September 10th, 2020 9:46 AM Author: Bateful mischievous public bath justice Corn Pop: uh, counselor, did you just take a shit on the marble floor?
GR: *gives puppy eyes* |
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Date: September 10th, 2020 9:54 AM Author: vigorous violet pisswyrm center *appellant's counsel licks queso and guac off justice sotomayer's shirt* (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897843) |
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Date: September 10th, 2020 9:57 AM Author: Bateful mischievous public bath justice Obama: Did earl contribute to the cost of the guac? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897858) |
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Date: September 10th, 2020 10:24 AM Author: vigorous violet pisswyrm center *the audience erupts with laughter* (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897998) |
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Date: September 10th, 2020 10:46 AM Author: Spectacular Bossy Indian Lodge Personal Credit Line Lib "humor", folks! (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898166) |
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Date: September 11th, 2020 9:20 AM Author: Cerebral private investor (Earl's pumo) (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903070) |
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Date: September 10th, 2020 9:41 AM Author: Cruel-hearted trip famous landscape painting it's going to be 180 to buy one share of my old biglaw firm and then attend shareholder meetings and complain about partners as "one of the owners" of the firm (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897767) |
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Date: September 10th, 2020 9:43 AM Author: Bateful mischievous public bath This made me legit laugh. Kudos. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897778) |
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Date: September 11th, 2020 11:15 AM Author: Sienna stimulating house black woman No one gives a fuck if they made you laugh. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903689) |
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Date: September 10th, 2020 9:45 AM Author: duck-like mad-dog skullcap cuck (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897791) |
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Date: September 10th, 2020 9:47 AM Author: insanely creepy trailer park (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897807) |
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Date: September 10th, 2020 9:48 AM Author: Splenetic talented useless brakes pocket flask (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897810) |
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Date: September 10th, 2020 10:09 AM Author: Razzle-dazzle Immigrant Initiating constant proxy votes to cut their draws (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897899) |
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Date: September 10th, 2020 10:25 AM Author: alcoholic marketing idea (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898005) |
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Date: September 10th, 2020 10:43 AM Author: marvelous crawly shitlib meetinghouse (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898145) |
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Date: September 10th, 2020 10:56 AM Author: Ruddy aromatic bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898221) |
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Date: September 10th, 2020 11:34 AM Author: Laughsome indecent laser beams boltzmann (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898479) |
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Date: September 10th, 2020 2:50 PM Author: internet-worthy cruise ship son of senegal (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899501) |
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Date: September 10th, 2020 5:09 PM Author: useless organic girlfriend heaven (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900184) |
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Date: September 10th, 2020 5:11 PM Author: Provocative sapphire crackhouse (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900193) |
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Date: September 10th, 2020 5:45 PM Author: hideous lay degenerate (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900390) |
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Date: September 11th, 2020 12:15 AM Author: Silver passionate halford ape (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902258) |
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Date: September 10th, 2020 10:42 AM Author: indigo soggy milk liquid oxygen How does one get in early to make money off of this? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898137) |
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Date: September 10th, 2020 10:55 AM Author: Cruel-hearted trip famous landscape painting create a defi crypto coin that somehow ties into law firms + litigation financing (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898216) |
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Date: September 10th, 2020 10:43 AM Author: marvelous crawly shitlib meetinghouse Lmfao this will be INSANE (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898149) |
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Date: September 10th, 2020 11:04 AM Author: milky roommate haunted graveyard Lmaoooo fuck biglawyers (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898275) |
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Date: September 10th, 2020 11:04 AM Author: Ultramarine principal's office dopamine REMINDER: this is the result of a nationwide lobbying effort by tech companies. California, Utah and other states have similar measures that are being passed or under consideration. BigTech wants to move in. the only thing that has stopped them so far is the prohibition on non-lawyer ownership of firms. there have already been many successful legal industry startups selling to the legal sector, now they're coming for the practice of law itself. expect the next YC class to include multiple alternative law firm models. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898276) |
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Date: September 10th, 2020 11:11 AM Author: cream weed whacker lodge To be fair it's ripe for disruption. The shit that is most of what ordinary people seek a lawyer for (real estate closing, will, simple landlord/tenant or collection action, most personal injury actions) is so simple and "plug-n-play" that it should be done by some mega-company operating efficiently through an easy to use app. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898319) |
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Date: September 10th, 2020 11:14 AM Author: Ultramarine principal's office dopamine titcr (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898337) |
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Date: September 10th, 2020 11:33 AM Author: alcoholic marketing idea cr. speaks poorly of lawyers that none have bothered to understand this and lever their massive barriers to entry in order to scale. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898474) |
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Date: September 10th, 2020 11:38 AM Author: duck-like mad-dog skullcap cuck There's a million companies that have tried to do this only some successfully so far (legal zoom)
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Date: September 10th, 2020 11:46 AM Author: alcoholic marketing idea aren’t those more like diy form repositories? they certainly don’t represent people. i’m talking about the h&r block of lawyers. like dentons, but successful. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898565) |
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Date: September 10th, 2020 11:37 AM Author: duck-like mad-dog skullcap cuck Its going to open up alot of new malpractice claims against these businesses. There's still the fiduciary obligations that a lawyer had to show to a client. If your just plugging info into an app without anyone giving it close attention there's potential breaches there. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898503) |
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Date: September 10th, 2020 11:41 AM Author: milky roommate haunted graveyard Will these corporations know how to infuse rawls into these legal strategies? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898542) |
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Date: September 10th, 2020 11:46 AM Author: duck-like mad-dog skullcap cuck Easier to lobby state legislators to carve out an exemption to fiduciary obligations, or change the standard, for these new legal entities.
Though I guess legal zoom does it somehow. |
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Date: September 10th, 2020 12:21 PM Author: Ultramarine principal's office dopamine financial industry came up with roboadvisors. won't be much different here.
also, LOL and UPL now. |
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Date: September 10th, 2020 1:05 PM Author: Pearl Misanthropic Lettuce Codepig Ha..ha...
*puts gun to mouth* |
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Date: September 11th, 2020 12:12 AM Author: Arousing Hateful Church Building Brethren (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902245) |
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Date: September 11th, 2020 9:21 AM Author: Cerebral private investor CR (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903077) |
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Date: September 10th, 2020 11:05 AM Author: cobalt theatre doctorate Perfect timing. SPACs are on the rise. Only a matter of time before cleary goes public via a SPAC (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898281) |
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Date: September 10th, 2020 11:08 AM Author: mint razzle giraffe rigpig Literally cannot wait to sell out (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898290) |
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Date: September 10th, 2020 11:20 AM Author: flesh theater stage L.J.L. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898378) |
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Date: September 10th, 2020 11:38 AM Author: lascivious address lol killshot (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898515) |
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Date: September 10th, 2020 1:06 PM Author: Pearl Misanthropic Lettuce Codepig (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898999) |
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Date: September 10th, 2020 11:41 AM Author: Crimson institution So there will be consolidation of talent in 25 or so super elite firms, and the rest will suffer as they compete with technology enabled commoditization and corporate structures
Question is whether equity partners at firms that take investors will get a cash out windfall when they sell to investors? Or whether investors would simply create new firms |
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Date: September 10th, 2020 11:45 AM Author: lascivious address outside of v10, investors are going to create new firms and work lolers like slaves... it might be a good thing though like Kaiser has been for doctors (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898558) |
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Date: September 10th, 2020 11:45 AM Author: Laughsome indecent laser beams boltzmann Lawyers will have the worst professional experience compared against all other white collar professions in ten years because of this.
Your options will be - grind biglaw hours for 90k for a Biglaw-Consulting firm (after the mergers of course), in a cubicle next to a 23 year old accountant's cubicle (who is now your colleague at your same level of seniority); or
- make 38k for H&R Block, providing legal services out of one of their strip mall locations, with a desk propped-up against the window so that passers-by (potential customers) can see their hardworking potential lawyer from the sidewalk (Corporate will heavily regulate what you are allowed to put up or do in your "office", so that the floor presentation of their new legal services wing markets well)
Solos will get priced out of H&R Block's budget EasyLaw services, and biglaw, sans Wachtell and Cravath maybe, will all merge with professional services firms giving their boomer partners a cash windfall before they jump ship
LOL at the coming hell of the profession. You thought it was bad now, just wait |
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Date: September 10th, 2020 11:47 AM Author: duck-like mad-dog skullcap cuck Obviously if it gets bad enough people won't do it anymore. No need to grind biglaw hours if you can deliver packages for UPS or become a plumber. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898570) |
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Date: September 10th, 2020 11:48 AM Author: Rebellious lake field quadroon Cr there is a silver lining here (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898574) |
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Date: September 10th, 2020 11:49 AM Author: Splenetic talented useless brakes pocket flask (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898578) |
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Date: September 10th, 2020 12:24 PM Author: Laughsome indecent laser beams boltzmann (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898770) |
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Date: September 10th, 2020 2:52 PM Author: internet-worthy cruise ship son of senegal (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899509) |
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Date: September 10th, 2020 11:29 PM Author: Vengeful blathering area ceo (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902091) |
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Date: September 11th, 2020 12:14 AM Author: Arousing Hateful Church Building Brethren (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902250) |
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Date: September 11th, 2020 12:16 AM Author: Silver passionate halford ape (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902260) |
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Date: September 10th, 2020 12:21 PM Author: pearly supple garrison hunting ground yet people keep pouring into pharmacy, optometry, veterinary, and dental school... (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898753) |
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Date: September 10th, 2020 11:49 AM Author: sinister stead (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898580) |
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Date: September 10th, 2020 1:08 PM Author: Pearl Misanthropic Lettuce Codepig "Solos will get priced out of H&R Block's budget EasyLaw services, and biglaw, sans Wachtell and Cravath maybe, will all merge with professional services firms giving their boomer partners a cash windfall before they jump ship"
DING DING FUCKING DING!
The new rule allows non-licensed "paraprofessionals" to represent people in court.
Imagine these Megafirms handling DUI's and misdemeanors for $150-$250 a pop! They'll have so much volume that local prosecutor bros will have to negotiate with them to move their trial calendar.
Solos are gonna be FUCK'D |
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Date: September 10th, 2020 9:37 PM Author: hyperactive tanning salon Oh god of oh (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40901565) |
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Date: September 11th, 2020 9:29 AM Author: Cerebral private investor Libs need to do lawyer welfare and then hire all the ex lawyers as judges, perhaps create a whole new tier of super TTT judges for this to be really transformative and meet the general public's demand like H&R Block. The main bottleneck of litigation is courts, not a lack of shitlawyers being available. There is also far more money in developing scaleable software based products for mid sized corps so that they can avoid hiring outside counsel and don't have to bring any lawyers on staff. That's more of a managed service/consultancy model, though v. just getting your taxes done. First step of the engagement will be a "legal health check" where the software does an assessment and highlights risks to be "proactively mediated." Plenty of lawyers will still get paid for a while helping to make that software smarter/work better. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903112) |
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Date: September 10th, 2020 11:56 AM Author: Poppy hairless abode pozpig What non-lawyer would want to own a law firm? What high quality lawyer would want to be the employee of a non-lawyer in private practice? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898631) |
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Date: September 10th, 2020 12:00 PM Author: alcoholic marketing idea xo is being dramatic. most folks here are fine, although it is still bad news. the lionel hutzes of the world are fucked. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898654) |
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Date: September 10th, 2020 12:02 PM Author: Avocado Office Potus The Lionel Hutzes of the world have been splitting fees since forever. You cant do PI work in NYC without bribing doctors. You cant even do elder law work without bribing doctors because you need someone to write up disability determinations for medicaid trusts. The doctor wants $1500 under the table for each one. Its a dirty business. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898664) |
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Date: September 10th, 2020 12:05 PM Author: alcoholic marketing idea splitting fees != being an indentured servant. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898678) |
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Date: September 10th, 2020 12:06 PM Author: Avocado Office Potus In shitlaw it basically does because that's your entire business model. The doctors are basically silent partners. You literally dont dare piss them off. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898689) |
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Date: September 10th, 2020 12:12 PM Author: alcoholic marketing idea fine. i’m sure taking a referral source out to a drunken steak dinner as a business owner and slipping him an envelope is exactly the same as mandatory 8am diversity training in the breakroom and pto request denials. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898720) |
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Date: September 10th, 2020 12:18 PM Author: indigo soggy milk liquid oxygen (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898740) |
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Date: September 11th, 2020 9:26 AM Author: Bearded lavender kitchen Are you kidding me?
A corporation with plenty of money to spend on advertisements would love to get a piece of the large PI/MedMal pie. |
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Date: September 10th, 2020 11:58 AM Author: Avocado Office Potus The bar needs to revolt against this. LJL at paying dues and taking CLEs while they obliterate your profession for you. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898636) |
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Date: September 10th, 2020 11:58 AM Author: duck-like mad-dog skullcap cuck Cr (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898640) |
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Date: September 10th, 2020 11:59 AM Author: alcoholic marketing idea cr. let’s explain this to the boomers running the bar that stand to cash out from this. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898644) |
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Date: September 11th, 2020 12:14 AM Author: Arousing Hateful Church Building Brethren (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902253) |
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Date: September 11th, 2020 12:16 AM Author: Silver passionate halford ape (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902262) |
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Date: September 10th, 2020 11:59 AM Author: Laughsome indecent laser beams boltzmann (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898645) |
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Date: September 10th, 2020 12:03 PM Author: milky roommate haunted graveyard (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898669) |
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Date: September 10th, 2020 1:07 PM Author: burgundy hairraiser school knife (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899004) |
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Date: September 10th, 2020 3:09 PM Author: marvelous crawly shitlib meetinghouse (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899611) |
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Date: September 12th, 2020 11:47 PM Author: Pontificating disrespectful dilemma (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40911356) |
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Date: September 10th, 2020 11:59 AM Author: Avocado Office Potus TBF there is massive fee sharing going on already under the table in shitlaw. Every firm doing real estate closings is slipping money to agents and bank mortgage turds -- often half their take from each closing. Every PI firm is slipping cash to doctors who are basically silent partners. Its never discussed but its reality. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898651) |
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Date: September 10th, 2020 12:10 PM Author: milky roommate haunted graveyard This and you have shit lawyers screaming about referral fees even though they’re illegal in that state. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898708) |
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Date: September 10th, 2020 12:24 PM Author: Charismatic Boistinker Mother I broke the news here almost two weeks ago. And I even used emojis!
http://xoxohth.com/thread.php?thread_id=4613499&forum_id=2 |
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Date: September 10th, 2020 12:26 PM Author: alcoholic marketing idea ty. op, please use search before starting a new thread. thread locked. |
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Date: September 10th, 2020 12:27 PM Author: Ultramarine principal's office dopamine (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898783) |
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Date: September 10th, 2020 12:29 PM Author: Charismatic Boistinker Mother Thanks for your support, friend. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898795) |
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Date: September 10th, 2020 12:31 PM Author: alcoholic marketing idea (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898807) |
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Date: September 10th, 2020 1:09 PM Author: Pearl Misanthropic Lettuce Codepig (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899013) |
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Date: September 10th, 2020 9:55 PM Author: hyperactive tanning salon I apologize. Mods please delete thread. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40901635) |
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Date: September 10th, 2020 12:28 PM Author: Curious brass kitty cat i remember, i even poasted... (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898792) |
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Date: September 10th, 2020 12:29 PM Author: indigo soggy milk liquid oxygen This is going to fuck over every lawyer under 45 so bad. I think this thread underestimates how bad this is for lawyers. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898793) |
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Date: September 10th, 2020 12:36 PM Author: alcoholic marketing idea it will heavily depend on where you are in the pecking order and what you practice. bottom 50% ham-and-eggers and top ~5% shitlaw mill kings will be hit hardest, and it’s not like the first group is killing it in the first place. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898826) |
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Date: September 10th, 2020 12:37 PM Author: Charismatic Boistinker Mother It's not that bad. Biglaw, accountants, and consultants can fight over bundled services for big clients, and there will be LegalZoom 2.0. But the vast majority of lawyers have no need for outside investor capital, and I don't see non-lawyer owners paying higher salaries to associates to attract talent. So the vast middle of law won't be harmed much. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898834) |
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Date: September 10th, 2020 12:39 PM Author: Curious brass kitty cat (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898840) |
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Date: September 10th, 2020 12:39 PM Author: Ultramarine principal's office dopamine it's not about outside investor capital. it's about opening up the legal industry to Silicon Valley. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898846) |
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Date: September 10th, 2020 12:47 PM Author: alcoholic marketing idea it will make it harder to be a $2mm/yr biglaw equity partner but i’m not sure why it matters as much down the line absent any changes in client behavior. although those could easily occur if counsel were heavily capitalized and the malpractice hurdle were lowered. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898879) |
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Date: September 10th, 2020 12:52 PM Author: Ultramarine principal's office dopamine VC has money to burn on malpratice claims. Silicon Valley's model is not to create a profitable company, it's to win dominant market share and create a monopoly. look at all the big companies, they all break laws and then pay for it: Uber and Airbnb's entire models were based on the fact that they were going to operate illegally and challenge the laws and regulations while they built the business. Facebook just paid a $660 million fine for illegally collecting biometric data on users without consent; just a cost of business. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898914) |
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Date: September 10th, 2020 12:55 PM Author: alcoholic marketing idea yeah, i think that’s plausible. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898934) |
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Date: September 10th, 2020 1:11 PM Author: Pearl Misanthropic Lettuce Codepig "Facebook just paid a $660 million fine for illegally collecting biometric data on users without consent; just a cost of business."
FUCKING THIS!
Silicon Valley DGAF about having to fight State Bars over bullshit violations. Plus, they have enough money to get State legislators to carve out exceptions. |
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Date: September 10th, 2020 1:27 PM Author: Ultramarine principal's office dopamine especially because the only serious enforcement mechanism the State Bar has is to revoke your license. for most lawyers that's enough to keep them in line, because they don't want to lose their livelihood. non-lawyers don't have licenses to be revoked. State Bars will be toothless against these companies. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899094) |
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Date: September 10th, 2020 1:37 PM Author: Charismatic Boistinker Mother Under the Arizona rules, the entity with non-lawyer owners can lose its authorization to practice law.
I have some experience with this sort of threat in the construction context. Contractors generally need a license. Administrative complaints against the license can lead to suspension or revocation of the license and the inability to work. Sometimes the contractor genuinely fucks up but doesn't try to make good until later in the process. Now the contractor faces the possibility of having to shut down for 30 days (or whatever) or paying off some inflated demanded.
I can see that sort of scenario playing out in the legal context, and Google Blackstone (or is that too white?) wouldn't want lose its ability to operate in an entire state. |
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Date: September 10th, 2020 2:13 PM Author: Pearl Misanthropic Lettuce Codepig Then you also know that the more well-financed contractors can fight back against the "administrative process" to the point that the State Bar or whomever would capitulate. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899323) |
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Date: September 10th, 2020 1:27 PM Author: Charismatic Boistinker Mother In some states, they'll have to get to the state supreme court.
(Not that they can't. Arizona's, for instance, is appointed and almost entirely displaces the legislature's role for regulating law, but they're the ones who started all this.) |
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Date: September 10th, 2020 12:59 PM Author: Charismatic Boistinker Mother What do you envision they will they do with their access? They won't be writing briefs and doing depositions. Those sorts of tasks don't scale. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898958) |
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Date: September 10th, 2020 1:06 PM Author: Ultramarine principal's office dopamine So let’s return to asking why Big Law would contribute documents and time to help build Watson. Were clients more demanding or firms more inclined to innovate, then perhaps we would see a taker. But the client bark is worse than the bite and law firms rush to be 10th, not first. So I don’t see it happening.
If my assessment is correct, then IBM will need to buy legal analysis and experience at retail – that is, treat building Legal Watson it like any matter. Doing so would be expensive. I leave for another day the privilege question. What about the wholesale route…
IBM should buy a law firm. Owning a law firm, IBM could ingest its work product, tap its lawyers to tune Watson, conduct controlled bake-offs between Watson and lawyers, and have lawyers stand behind the machine’s answers.
Ethics rules, however, forbid IBM from buying a US law firm.
https://prismlegal.com/meet-new-lawyer-ibm-watson/
Backed by market-leading AI functionality and a trusted advisor, LegalMation’s founders identified a critical pain point to address with the technology: the hours spent drafting responses during the early stages of litigation.
“We asked ourselves, what is the most tedious task faced by a young lawyer?” says Suh. “It’s basically the first phase, when you receive a complaint and have to draft a first bundle of work, which can take 6 – 10 hours.”
With the LegalMation platform, legal practitioners can use simple drag-and-drop functionality to draft early phase response documentation in just two minutes or less—an incredible acceleration of the standard process, which typically requires one full day of effort or more from an associate.
Shifting the workload to the LegalMation application also drives down the costs for creating this documentation significantly; estimates calculate that users are reducing costs by approximately 80 percent. “The accuracy and consistency of the drafts tend to be better with our system as well,” notes Suh.
https://www.ibm.com/case-studies/legalmation |
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Date: September 10th, 2020 1:24 PM Author: Charismatic Boistinker Mother "With the LegalMation platform, legal practitioners can use simple drag-and-drop functionality to draft early phase response documentation in just two minutes or less"
Horseshit. Just reading through the discovery and it's pages of prefatory bullshit instructions and definitions takes longer than that. Thinking about the requests, case strategy, and potential objections takes much longer than that.
So what it really sounds like they're doing is making a system that lets lawyers select various responses from a menu after Clippy prompts, "Are they asking for a protected trade secret? Click here for top authorities."
When they say "draft," they must be talking about the writing process after most of the thinking has been done. Ok. I accept that tech can suggest responses, help find relevant citations, and provide template language. That's still going to take a hell of a lot longer than two minutes, but, sure, there are efficiency gains to be had. But that's not exactly going to end the practice of law as we know it, just like electronic discovery didn't starting a decade ago. |
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Date: September 16th, 2020 12:23 AM Author: thriller disturbing plaza patrolman >So let’s return to asking why Big Law would contribute documents and time to help build Watson.
You just need one firm and a few million dollars to get every near-retirement Boomer partner to fuck over the whole profession. |
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Date: September 10th, 2020 1:08 PM Author: Ultramarine principal's office dopamine depositions: conducted via Zoom from central office (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899008) |
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Date: September 10th, 2020 1:40 PM Author: Charismatic Boistinker Mother Travel time has never been a big issue for the vast majority of depositions and remote depositions might encourage more of them. I don't see a big negative effect on lawyers. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899168) |
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Date: September 10th, 2020 1:08 PM Author: burgundy hairraiser school knife cr proles and middle managers overestimate what % of law is "just filling out forms!"
If it was all filling out preprinted will forms or doing uncontested adoptions we wouldn't be making $$$ in the first place. |
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Date: September 10th, 2020 1:14 PM Author: alcoholic marketing idea did you see those philosopherai.com responses? i’d bet they’re more cogent than a LARGE percentage of shitlaw briefs. and that’s just an online web toy. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899037) |
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Date: September 10th, 2020 1:59 PM Author: Charismatic Boistinker Mother Is that the one with the complaint? If so, it was mostly just converting lay text into (stilted) legalese. The output certainly sounded better, but producing language that sounds legal isn't where much time and effort is spent for professionals. (But it would be great for helping reasonably smart pro se litigants.) (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899270) |
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Date: September 10th, 2020 11:49 PM Author: hyperactive tanning salon No, it’s not that one. It’s the AI that can talk about any topic convincingly.
https://philosopherai.com/philosopher/draft-a-legal-brief-on-eminent-domain-c9f64c
https://philosopherai.com/philosopher/explain-commodity-futures-pricing-8f01c0
https://philosopherai.com/philosopher/is-there-an-afterlife-8ea4a6 |
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Date: September 14th, 2020 10:51 AM Author: dark mood Lol these are trash, despite the Qs being selected to be incredibly easy. If I asked Wikipedia “Wikipedia, write me an encyclopedia article about King Edward’s abdication,” I’ll get an awesome response. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40917173) |
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Date: September 10th, 2020 12:43 PM Author: indigo soggy milk liquid oxygen The need for outside investor capital isn't the issue. It's the fact that outside investor capital will be pouring into your competition vastly out spending you in marketing and undercutting your fee structure at every turn. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898861) |
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Date: September 10th, 2020 10:11 PM Author: Pink station This. Duh. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40901713) |
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Date: September 10th, 2020 12:49 PM Author: Ultramarine principal's office dopamine this guy is one of the members of California's task force "to enable broader access to legal services and justice for underprivileged communities" that is making these changes:
https://www.amazon.com/Legal-AI-Joshua-Walker/dp/1949884074
also founder of LexMachina. of the 22 members of California's task force, 10 of them are Silicon Valley insiders.
the reason tech companies are pushing this effort nationwide (do a google search and see all of the PR placed articles in state legal journals throughout the country) is because they want to eliminate lawyers and use software instead. |
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Date: September 10th, 2020 1:01 PM Author: alcoholic marketing idea crazy to think of a world where someone will say “my WLRKGPT-3 algorithm is going to wipe the floor with your STBGPT-3 algorithm. see you in court!” but i guess it’s no stupider than what we have now. massive consolidation would cause some pretty significant conflict problems but i’m sure they have a plan for that as well. |
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Date: September 10th, 2020 1:12 PM Author: Ultramarine principal's office dopamine almost all of shitlaw could be done completely by software: most divorce cases, bankruptcy, immigration, wills and trusts, landlord / tenant, commercial leases, small business incorporation, contracts, business litigation, asset purchases, annual compliance, much of copyright and trademark work, including enforcement.
biglaw tranny work can also be highly automated. capital markets, finance, M&A. |
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Date: September 10th, 2020 1:18 PM Author: alcoholic marketing idea all agreed, but this has been the case since the necessary technology was created. changes to ownership rules only affect this outcome because they’ll increase the speed and penetration of these tools. what it definitively changes is now the gains of that scalability will accrue to gc instead of our little scholarly guild. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899061) |
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Date: September 10th, 2020 1:23 PM Author: Ultramarine principal's office dopamine the tech has always been there, but the VC money has not, because they couldn't realize the return they need. you have a bunch of legal industry SaaS companies that have received some funding, none with huge funding rounds though.
ownership of law firms means a VC-backed startup can directly provide legal services. that's the change: VCs will now be able to model a large enough return to sink real money into the industry. |
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Date: September 10th, 2020 1:25 PM Author: startled heady range and will drive down the prices that will fuck over lawyers (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899091) |
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Date: September 10th, 2020 1:30 PM Author: Ultramarine principal's office dopamine right. that's the whole point. VC pours money in, drives down prices, incurs losses for years while building a monopoly or oligopoly, and then cashes out. that's the business model. they aren't trying to build profitable businesses, at least not for the first 5-10 years. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899112) |
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Date: September 10th, 2020 3:04 PM Author: Pearl Misanthropic Lettuce Codepig (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899580) |
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Date: September 10th, 2020 10:06 PM Author: hyperactive tanning salon (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40901694) |
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Date: September 10th, 2020 2:08 PM Author: Charismatic Boistinker Mother I don't know about all those fields, but bankruptcy, business formation, and estate planning have had tools for pumping out documents for many years.
So what discussion changes will non-lawyer ownership cause that wouldn't have otherwise occurred?
(And I don't see how business litigation fits at all.) |
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Date: September 10th, 2020 1:51 PM Author: Charismatic Boistinker Mother The claims about greater access to justice are mostly nonsense and are being used as strategically clever cover for the motivations of big business interests. I have no doubt about that.
The issue here is just what the tech industry can actually do once it gets access.
At least over the next decade or so, I see this playing out much like the ediscovery "revolution," which didn't really change the law all that much.
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Date: September 10th, 2020 12:35 PM Author: umber vivacious philosopher-king queen of the night great, my service partner comp will be cut to shit. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898820) |
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Date: September 10th, 2020 12:44 PM Author: indigo soggy milk liquid oxygen God damnit... How do I profit off of this? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898865) |
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Date: September 10th, 2020 1:10 PM Author: burgundy hairraiser school knife how is this any different from lawyers who work directly for insurance companies (or "captive firms" which are technically independent but not really). It isn't. Those guys have terrible QOL, high billables and low rates, but they're also bottom of the barrel in terms of resumes. I just don't see who, other than insurance companies churning soft injury claims, would want to adopt this kind of business model. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899019) |
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Date: September 10th, 2020 1:15 PM Author: Ultramarine principal's office dopamine it's not about non-legal ownership of existing law firms. it's about allowing VC-backed software companies to be considered law firms. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899043) |
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Date: September 10th, 2020 2:11 PM Author: Charismatic Boistinker Mother Describe the sort of VC-backed business you have in mind. What area of law? What sort of customers? How is the service different from the status quo? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899317) |
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Date: September 10th, 2020 1:15 PM Author: Pearl Misanthropic Lettuce Codepig Talk to any solo and they'll tell you that "Captive Firms" have the advantage of not giving a fuck about how long a case takes or even if they lose.
Allstate lose over 80% of their jury trials in 2019, yet they still produced a profit because of how long they drag out litigation and low-ball Plaintiffs.
So what if State Farm got popped for $12m, how much money did they save on the 100 other cases that either never went to trial, or the jury gave a weaksauce verdict?
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Date: September 10th, 2020 2:41 PM Author: burgundy hairraiser school knife I agree that model works well for Allstate but Allstate’s business model is, literally, getting sued. I don’t see why that model would apply outside that one narrow context (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899460) |
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Date: September 10th, 2020 3:03 PM Author: Pearl Misanthropic Lettuce Codepig a) nobody GAF about the employee's QOL, all that matters is GC making a profit.
b) these "Wal-mart law firms" will drive down the prices for legal service because they will commoditize everything and utilize non-licensed grunts to do the same shit Shitlaw Steve charges $5-$15k to do.
c) Solos and smaller firms will be fucked because they'll have to compete with this bullshit and the State Bar is letting it happen. |
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Date: September 10th, 2020 2:18 PM Author: impressive site how will this affect the solo-contingency model? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899350) |
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Date: September 10th, 2020 3:07 PM Author: Pearl Misanthropic Lettuce Codepig Think High-volume Plaintiff Mills, except you can let a "paraprofessional" at $14.50/hour do the work that a lolyer would require at least $60k salary to perform.
These new VC-backed firms can afford to charge lower rates as well. Your typical lawyer charges 33%, these newer firms can drop down lower since they're backed by Silicon Valley and don't have to turn an immediate profit.
Imagine a client picking between a lolyer at 33% vs. a VC Firm that only charges 20%.
If its serious enough for trial, then you kick it over to an actual trial lawyer for a 50%-60% cut.
But the bread and butter car wreck cases that solos depend on to pay their bills are gonna get scooped up by this method. |
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Date: September 10th, 2020 3:10 PM Author: impressive site what about Pl side employment lit (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899621) |
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Date: September 10th, 2020 3:12 PM Author: Pearl Misanthropic Lettuce Codepig i dunno (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899631) |
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Date: September 10th, 2020 6:33 PM Author: 180 mental disorder dragon Lol aren't there tons of companies that do this with residential real estate (eg redfin)? And offer like 1 or 2% commission? Last I checked, tons of people still hire regular agents and pay 5.5 to 6% commission.
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Date: September 10th, 2020 5:22 PM Author: hyperactive tanning salon (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900254) |
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Date: September 10th, 2020 9:23 PM Author: useless organic girlfriend heaven LJL @ investing in a company who is completely dependent on some mentally ill lawyer rainmakers. A few leave, company worthless. One large one dies, stock is worthless. At least companies run by lunatics like Tesla have assets. A client is not an asset. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40901516) |
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Date: September 10th, 2020 10:15 PM Author: hyperactive tanning salon So change the ethics rules and let your AMAZON firm sue lawyers who leave and take a client with them. If they are changing the ethics rule about non lawyer ownership why not change the client rule as well? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40901739) |
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Date: September 10th, 2020 11:33 PM Author: useless organic girlfriend heaven So what, the client can't choose their own lawyer? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902107) |
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Date: September 10th, 2020 11:43 PM Author: hyperactive tanning salon They can choose whoever they want. But if they choose a turncoat who left AMAZON & CO. LLP without permission then that lawyer can be sued. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902140) |
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Date: September 10th, 2020 11:44 PM Author: useless organic girlfriend heaven then they can't choose. That's the problem (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902143) |
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Date: September 10th, 2020 11:46 PM Author: hyperactive tanning salon If state bar committees are ok with mega corps taking ownership of firms, you really think they’ll have a problem with that? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902150) |
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Date: September 10th, 2020 10:15 PM Author: Pontificating disrespectful dilemma So Boomers enjoyed the Golden Age of lawyering through the 70s, 80s, 90s and 00s and then will sell off firms for a quick buck? They will then hand over a shell of a former profession to millennials and younger? EVERY. SINGLE. TIME. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40901741) |
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Date: September 10th, 2020 11:39 PM Author: useless organic girlfriend heaven (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902121) |
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Date: September 10th, 2020 11:43 PM Author: Provocative sapphire crackhouse At least legal services will be cheaper (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902138) |
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Date: September 11th, 2020 9:09 AM Author: burgundy hairraiser school knife (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903023) |
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Date: September 11th, 2020 7:19 PM Author: Silver passionate halford ape (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40906138) |
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Date: September 10th, 2020 11:38 PM Author: medicated motley set Will be just like banking. Who cares? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902117) |
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Date: September 10th, 2020 11:45 PM Author: hyperactive tanning salon Yes, working at Costco & Dentons LLP will be “just like” working at Goldman Sachs. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902146) |
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Date: September 11th, 2020 12:15 AM Author: medicated motley set How is law different from banking wrt public ownership? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902254) |
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Date: September 16th, 2020 12:26 AM Author: thriller disturbing plaza patrolman How many IB associates are hired any given year? How many law grads are there any given year? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40927263) |
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Date: September 16th, 2020 2:14 PM Author: medicated motley set Relevant figure is biglaw associates. Top of legal market is comparable to top of finance market, I would think. If you go all the way down the chain for lawyers more comparable to all finance ppl in f500 etc (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40929751) |
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Date: September 11th, 2020 8:47 AM Author: alcoholic marketing idea i assumed he meant bank teller. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902972) |
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Date: September 11th, 2020 12:15 AM Author: Silver passionate halford ape Should RAISE associate salaries and devastate “partner” salaries (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902257) |
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Date: September 11th, 2020 1:21 AM Author: hideous lay degenerate CostCo "looking into" acquiring Kirkland and Ellis (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902482) |
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Date: September 11th, 2020 1:27 AM Author: Gold Mewling Stage Preventive Strike (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902503) |
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Date: September 11th, 2020 8:01 AM Author: Razzmatazz stubborn space Just came here to poast this and you beat me to it. LJL at the XO hive mind. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902915) |
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Date: September 11th, 2020 9:10 AM Author: burgundy hairraiser school knife (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903024) |
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Date: September 11th, 2020 9:23 AM Author: Avocado Office Potus ..... (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903085) |
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Date: September 11th, 2020 7:58 AM Author: Angry Tan State Perkins Family Restaurants "looking into" acquiring Perkins Coie (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902910) |
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Date: September 11th, 2020 10:51 AM Author: hyperactive tanning salon (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903544) |
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Date: September 11th, 2020 2:28 PM Author: hyperactive tanning salon Long John Silver’s Peppered Troutman
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Date: September 11th, 2020 2:31 PM Author: Razzmatazz stubborn space Associates forced to wear 19th century style sailor suits in the office (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40904753) |
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Date: September 14th, 2020 9:32 AM Author: mint razzle giraffe rigpig I'd wear this to court for the right $ (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40916884) |
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Date: September 11th, 2020 8:20 PM Author: Silver passionate halford ape (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40906393) |
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Date: September 14th, 2020 9:59 AM Author: Stirring business firm Obviously this should happen and is already the case in every other industry except law. lol at having hundreds of "biglaw" firms with a series of indistinguishable jewish last names and thousands of bottom feeder shitlaw nonsense.
structure it like accounting where it gets consolidated under a few firms and you can start paying associates like $90K and/or automate the shit out of most of their jobs. more efficient for everyone. lol at paying some dipshit $200K+ to play around in MS Word all day. |
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Date: September 15th, 2020 9:09 PM Author: Pontificating disrespectful dilemma these are essential and critical services (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40926283) |
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Date: September 15th, 2020 9:39 PM Author: Charismatic Boistinker Mother No one will do biglaw (or the equivalent) at $90k. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40926452) |
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Date: September 16th, 2020 12:06 AM Author: Pearl Misanthropic Lettuce Codepig You will if you're an unemployed recent grad.
Who else would take you?
Peterman has all the Flying J's on lock. |
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Date: September 16th, 2020 2:05 PM Author: Charismatic Boistinker Mother "You will if you're an unemployed recent grad."
Not many graduates of the top ~20 schools will. |
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Date: September 16th, 2020 12:40 AM Author: hyperactive tanning salon Lol, I don’t agree. Push down salaries for doctors, lawyers, business, what choice will people have? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40927303) |
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Date: September 16th, 2020 2:08 PM Author: Charismatic Boistinker Mother I don't understand your scenario at all. You're just assuming all those wages drop? Why? Under what conditions? Physician income, for instance, has been rising for a decade. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40929726) |
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Date: September 16th, 2020 2:15 PM Author: medicated motley set Also not PE is heavy in hospital / physician group ownership (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40929755) |
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Date: September 16th, 2020 2:20 PM Author: Charismatic Boistinker Mother Wait. You're denying the rise in their incomes? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40929775) |
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Date: September 16th, 2020 12:40 AM Author: hyperactive tanning salon How will megafirms deal with conflicts? Will they just not do litigation? (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40927301) |
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Date: September 16th, 2020 2:25 PM Author: cream weed whacker lodge I guess it would depend on how the rules of professional responsibility treats ownership. If ownership has the characteristics of being "passive" with regards to actual legal work, maybe the rules on conflicts would be softened. (http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40929800) |