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Law firms DONE HERE: First state oks non-lawyer ownership of firms

The restriction of non-lawyers not being able to own firms h...
garnet comical blood rage
  09/10/20
Getting CRUNK for the upcoming WEIL IPO
Passionate abnormal internal respiration national
  09/10/20
...
Pearl Kitty Cat
  09/10/20
...
arousing rebellious center coldplay fan
  09/10/20
...
Pungent Floppy Hall
  09/10/20
This is big. And a terrible idea.
Jet Razzmatazz Tanning Salon Volcanic Crater
  09/10/20
(guy whose law firm won't be listed on the NYSE)
Pearl Kitty Cat
  09/10/20
...
hyperventilating trust fund
  09/10/20
Great time to found a law firm. Maybe go ask to buy stakes i...
Outnumbered costumed generalized bond wrinkle
  09/10/20
...
Pearl Kitty Cat
  09/10/20
What do you think a law firm’s assets are?
disgusting dilemma kitty
  09/10/20
intellectual capital
cocky brunch
  09/10/20
The milquetoast bitches doing “law” who alpha HB...
Outnumbered costumed generalized bond wrinkle
  09/10/20
what is the benefit of this who is like, I'd like to star...
bistre set fortuitous meteor
  09/10/20
...
Swollen buck-toothed location boltzmann
  09/10/20
Arizona firms can now use equity to incentivize non-lawyer s...
trip lime space water buffalo
  09/10/20
LJL at the "performance" of a paralegal mattering ...
bearded temple national security agency
  09/10/20
did they actually say this? making that argument with a stra...
angry ceo
  09/10/20
I'm saying it. It's a fine argument.
trip lime space water buffalo
  09/10/20
i don’t buy it.
angry ceo
  09/10/20
you can do that today. There's nothing illegal about saying ...
bistre set fortuitous meteor
  09/10/20
that’s partly my point. i don’t see what differe...
angry ceo
  09/10/20
Funding software development to automate various aspects of ...
balding plum dragon lay
  09/11/20
trannies and compliancemos fucked alpha litigators reign ...
bistre set fortuitous meteor
  09/11/20
Litigators can't really take advantage unless there's some w...
balding plum dragon lay
  09/11/20
Didn’t they do this in the UK and Australia and it did...
chartreuse mood
  09/10/20
I view this as a positive because when I am ready to retire ...
Excitant Pit Candlestick Maker
  09/10/20
...
Seedy alcoholic rigpig
  09/10/20
Outside ownership of law firms is going to be the same guys ...
Jet Razzmatazz Tanning Salon Volcanic Crater
  09/10/20
They used to say that about residential real estate.
arrogant dashing principal's office affirmative action
  09/10/20
this is what all these boomers thought, "oh when I reti...
bistre set fortuitous meteor
  09/10/20
how long until they allow golden retrievers to bark at oral ...
Lascivious Useless Business Firm
  09/10/20
...
Racy piazza
  09/10/20
justice roberts: so this was originally brought as a private...
Lascivious Useless Business Firm
  09/10/20
justice Corn Pop: uh, counselor, did you just take a shit on...
Racy piazza
  09/10/20
*appellant's counsel licks queso and guac off justice sotoma...
Lascivious Useless Business Firm
  09/10/20
justice Obama: Did earl contribute to the cost of the guac?
Racy piazza
  09/10/20
*the audience erupts with laughter*
Lascivious Useless Business Firm
  09/10/20
Lib "humor", folks!
aphrodisiac weed whacker rigor
  09/10/20
(Earl's pumo)
balding plum dragon lay
  09/11/20
it's going to be 180 to buy one share of my old biglaw firm ...
Smoky area prole
  09/10/20
This made me legit laugh. Kudos.
Racy piazza
  09/10/20
No one gives a fuck if they made you laugh.
Outnumbered costumed generalized bond wrinkle
  09/11/20
...
Jet Razzmatazz Tanning Salon Volcanic Crater
  09/10/20
...
Shivering mad cow disease
  09/10/20
...
Pearl Kitty Cat
  09/10/20
Initiating constant proxy votes to cut their draws
mind-boggling sienna crackhouse
  09/10/20
...
angry ceo
  09/10/20
...
exciting plaza karate
  09/10/20
...
Insane burgundy juggernaut
  09/10/20
...
Bearded ultramarine church faggotry
  09/10/20
...
Mewling Station Pocket Flask
  09/10/20
...
chartreuse mood
  09/10/20
...
spectacular macaca
  09/10/20
...
overrated razzle-dazzle genital piercing
  09/10/20
...
Big dingle berry rehab
  09/11/20
How does one get in early to make money off of this?
iridescent bateful gas station
  09/10/20
create a defi crypto coin that somehow ties into law firms +...
Smoky area prole
  09/10/20
Lmfao this will be INSANE
exciting plaza karate
  09/10/20
Lmaoooo fuck biglawyers
Judgmental unholy dopamine
  09/10/20
REMINDER: this is the result of a nationwide lobbying effort...
Vibrant abusive whorehouse
  09/10/20
To be fair it's ripe for disruption. The shit that is most o...
massive maize electric furnace crotch
  09/10/20
titcr
Vibrant abusive whorehouse
  09/10/20
cr. speaks poorly of lawyers that none have bothered to unde...
angry ceo
  09/10/20
There's a million companies that have tried to do this only ...
Jet Razzmatazz Tanning Salon Volcanic Crater
  09/10/20
aren’t those more like diy form repositories? they cer...
angry ceo
  09/10/20
Its going to open up alot of new malpractice claims against ...
Jet Razzmatazz Tanning Salon Volcanic Crater
  09/10/20
Will these corporations know how to infuse rawls into these ...
Judgmental unholy dopamine
  09/10/20
Easier to lobby state legislators to carve out an exemption ...
Jet Razzmatazz Tanning Salon Volcanic Crater
  09/10/20
financial industry came up with roboadvisors. won't be much ...
Vibrant abusive whorehouse
  09/10/20
Ha..ha... *puts gun to mouth*
hyperventilating trust fund
  09/10/20
...
stimulating geriatric parlor
  09/11/20
CR
balding plum dragon lay
  09/11/20
Perfect timing. SPACs are on the rise. Only a matter of time...
contagious copper depressive
  09/10/20
Literally cannot wait to sell out
cracking learning disabled spot multi-billionaire
  09/10/20
L.J.L.
heady transparent incel
  09/10/20
lol killshot
Avocado gaping
  09/10/20
...
hyperventilating trust fund
  09/10/20
So there will be consolidation of talent in 25 or so super e...
Medicated forum
  09/10/20
outside of v10, investors are going to create new firms and ...
Avocado gaping
  09/10/20
Lawyers will have the worst professional experience compared...
Bearded ultramarine church faggotry
  09/10/20
Obviously if it gets bad enough people won't do it anymore. ...
Jet Razzmatazz Tanning Salon Volcanic Crater
  09/10/20
Cr there is a silver lining here
flesh curious son of senegal roast beef
  09/10/20
...
Pearl Kitty Cat
  09/10/20
...
Bearded ultramarine church faggotry
  09/10/20
...
Mewling Station Pocket Flask
  09/10/20
...
Diverse honey-headed sex offender
  09/10/20
...
stimulating geriatric parlor
  09/11/20
...
Big dingle berry rehab
  09/11/20
yet people keep pouring into pharmacy, optometry, veterinary...
Thirsty meetinghouse trump supporter
  09/10/20
...
supple mahogany cuckold faggot firefighter
  09/10/20
"Solos will get priced out of H&R Block's budget Ea...
hyperventilating trust fund
  09/10/20
Oh god of oh
garnet comical blood rage
  09/10/20
Libs need to do lawyer welfare and then hire all the ex lawy...
balding plum dragon lay
  09/11/20
What non-lawyer would want to own a law firm? What high qual...
Violet Low-t Heaven
  09/10/20
xo is being dramatic. most folks here are fine, although it ...
angry ceo
  09/10/20
The Lionel Hutzes of the world have been splitting fees sinc...
bearded temple national security agency
  09/10/20
splitting fees != being an indentured servant.
angry ceo
  09/10/20
In shitlaw it basically does because that's your entire busi...
bearded temple national security agency
  09/10/20
fine. i’m sure taking a referral source out to a drunk...
angry ceo
  09/10/20
...
iridescent bateful gas station
  09/10/20
Are you kidding me? A corporation with plenty of money t...
misunderstood property
  09/11/20
The bar needs to revolt against this. LJL at paying dues and...
bearded temple national security agency
  09/10/20
Cr
Jet Razzmatazz Tanning Salon Volcanic Crater
  09/10/20
cr. let’s explain this to the boomers running the bar ...
angry ceo
  09/10/20
...
stimulating geriatric parlor
  09/11/20
...
Big dingle berry rehab
  09/11/20
...
Bearded ultramarine church faggotry
  09/10/20
...
Judgmental unholy dopamine
  09/10/20
...
bistre set fortuitous meteor
  09/10/20
...
exciting plaza karate
  09/10/20
...
Sooty shaky cruise ship
  09/12/20
TBF there is massive fee sharing going on already under the ...
bearded temple national security agency
  09/10/20
This and you have shit lawyers screaming about referral fees...
Judgmental unholy dopamine
  09/10/20
I broke the news here almost two weeks ago. And I even used ...
aquamarine antidepressant drug
  09/10/20
ty. op, please use search before starting a new thread. thr...
angry ceo
  09/10/20
...
Vibrant abusive whorehouse
  09/10/20
Thanks for your support, friend.
aquamarine antidepressant drug
  09/10/20
...
angry ceo
  09/10/20
...
hyperventilating trust fund
  09/10/20
I apologize. Mods please delete thread.
garnet comical blood rage
  09/10/20
i remember, i even poasted...
aromatic associate
  09/10/20
This is going to fuck over every lawyer under 45 so bad. I t...
iridescent bateful gas station
  09/10/20
it will heavily depend on where you are in the pecking order...
angry ceo
  09/10/20
It's not that bad. Biglaw, accountants, and consultants can ...
aquamarine antidepressant drug
  09/10/20
...
aromatic associate
  09/10/20
it's not about outside investor capital. it's about opening ...
Vibrant abusive whorehouse
  09/10/20
it will make it harder to be a $2mm/yr biglaw equity partner...
angry ceo
  09/10/20
VC has money to burn on malpratice claims. Silicon Valley's ...
Vibrant abusive whorehouse
  09/10/20
yeah, i think that’s plausible.
angry ceo
  09/10/20
"Facebook just paid a $660 million fine for illegally c...
hyperventilating trust fund
  09/10/20
especially because the only serious enforcement mechanism th...
Vibrant abusive whorehouse
  09/10/20
Under the Arizona rules, the entity with non-lawyer owners c...
aquamarine antidepressant drug
  09/10/20
Then you also know that the more well-financed contractors c...
hyperventilating trust fund
  09/10/20
In some states, they'll have to get to the state supreme cou...
aquamarine antidepressant drug
  09/10/20
What do you envision they will they do with their access? Th...
aquamarine antidepressant drug
  09/10/20
So let’s return to asking why Big Law would contribute...
Vibrant abusive whorehouse
  09/10/20
"With the LegalMation platform, legal practitioners can...
aquamarine antidepressant drug
  09/10/20
>So let’s return to asking why Big Law would contri...
Emily Spinach
  09/16/20
depositions: conducted via Zoom from central office
Vibrant abusive whorehouse
  09/10/20
Travel time has never been a big issue for the vast majority...
aquamarine antidepressant drug
  09/10/20
cr proles and middle managers overestimate what % of law is ...
bistre set fortuitous meteor
  09/10/20
did you see those philosopherai.com responses? i’d bet...
angry ceo
  09/10/20
Is that the one with the complaint? If so, it was mostly jus...
aquamarine antidepressant drug
  09/10/20
No, it’s not that one. It’s the AI that can talk...
garnet comical blood rage
  09/10/20
Lol these are trash, despite the Qs being selected to be inc...
the walter white of this generation (walt jr.)
  09/14/20
The need for outside investor capital isn't the issue. It's ...
iridescent bateful gas station
  09/10/20
This. Duh.
vivacious lake famous landscape painting
  09/10/20
this guy is one of the members of California's task force &q...
Vibrant abusive whorehouse
  09/10/20
crazy to think of a world where someone will say “my W...
angry ceo
  09/10/20
almost all of shitlaw could be done completely by software: ...
Vibrant abusive whorehouse
  09/10/20
all agreed, but this has been the case since the necessary t...
angry ceo
  09/10/20
the tech has always been there, but the VC money has not, be...
Vibrant abusive whorehouse
  09/10/20
and will drive down the prices that will fuck over lawyers
Razzle mint haunted graveyard locus
  09/10/20
right. that's the whole point. VC pours money in, drives dow...
Vibrant abusive whorehouse
  09/10/20
...
hyperventilating trust fund
  09/10/20
...
garnet comical blood rage
  09/10/20
I don't know about all those fields, but bankruptcy, busines...
aquamarine antidepressant drug
  09/10/20
The claims about greater access to justice are mostly nonsen...
aquamarine antidepressant drug
  09/10/20
great, my service partner comp will be cut to shit.
Dead Peach Hunting Ground Persian
  09/10/20
God damnit... How do I profit off of this?
iridescent bateful gas station
  09/10/20
how is this any different from lawyers who work directly for...
bistre set fortuitous meteor
  09/10/20
it's not about non-legal ownership of existing law firms. it...
Vibrant abusive whorehouse
  09/10/20
Describe the sort of VC-backed business you have in mind. Wh...
aquamarine antidepressant drug
  09/10/20
Talk to any solo and they'll tell you that "Captive Fir...
hyperventilating trust fund
  09/10/20
I agree that model works well for Allstate but Allstate&rsqu...
bistre set fortuitous meteor
  09/10/20
a) nobody GAF about the employee's QOL, all that matters is ...
hyperventilating trust fund
  09/10/20
how will this affect the solo-contingency model?
Tan wonderful double fault school
  09/10/20
Think High-volume Plaintiff Mills, except you can let a &quo...
hyperventilating trust fund
  09/10/20
what about Pl side employment lit
Tan wonderful double fault school
  09/10/20
i dunno
hyperventilating trust fund
  09/10/20
Lol aren't there tons of companies that do this with residen...
Sick Pink Goal In Life
  09/10/20
...
garnet comical blood rage
  09/10/20
LJL @ investing in a company who is completely dependent on ...
chartreuse mood
  09/10/20
So change the ethics rules and let your AMAZON firm sue lawy...
garnet comical blood rage
  09/10/20
So what, the client can't choose their own lawyer?
chartreuse mood
  09/10/20
They can choose whoever they want. But if they choose a turn...
garnet comical blood rage
  09/10/20
then they can't choose. That's the problem
chartreuse mood
  09/10/20
If state bar committees are ok with mega corps taking owners...
garnet comical blood rage
  09/10/20
So Boomers enjoyed the Golden Age of lawyering through the 7...
Sooty shaky cruise ship
  09/10/20
...
chartreuse mood
  09/10/20
At least legal services will be cheaper
spectacular macaca
  09/10/20
...
bistre set fortuitous meteor
  09/11/20
...
Big dingle berry rehab
  09/11/20
Will be just like banking. Who cares?
alcoholic parlour scourge upon the earth
  09/10/20
Yes, working at Costco & Dentons LLP will be “just...
garnet comical blood rage
  09/10/20
How is law different from banking wrt public ownership?
alcoholic parlour scourge upon the earth
  09/11/20
How many IB associates are hired any given year? How many la...
Emily Spinach
  09/16/20
Relevant figure is biglaw associates. Top of legal market is...
.,.,,..,.,,.,.,:,,:,..,,:::,...,:,.,.:...:.,:.::,.
  09/16/20
i assumed he meant bank teller.
angry ceo
  09/11/20
Should RAISE associate salaries and devastate “partner...
Big dingle berry rehab
  09/11/20
CostCo "looking into" acquiring Kirkland and Ellis
overrated razzle-dazzle genital piercing
  09/11/20
...
carnelian hairraiser kitchen
  09/11/20
Just came here to poast this and you beat me to it. LJL at t...
Seedy alcoholic rigpig
  09/11/20
...
bistre set fortuitous meteor
  09/11/20
.....
bearded temple national security agency
  09/11/20
Perkins Family Restaurants "looking into" acquirin...
spruce range therapy
  09/11/20
...
garnet comical blood rage
  09/11/20
Long John Silver’s Peppered Troutman
garnet comical blood rage
  09/11/20
Associates forced to wear 19th century style sailor suits in...
Seedy alcoholic rigpig
  09/11/20
I'd wear this to court for the right $
Gitmo Detainee tearing up his HOPE poster
  09/14/20
...
Big dingle berry rehab
  09/11/20
Obviously this should happen and is already the case in ever...
.,.,,,.,,..,.,.,:,:,,...,::,...,:,.,..:.:.,:.::,.
  09/14/20
these are essential and critical services
(?)
  09/15/20
No one will do biglaw (or the equivalent) at $90k.
~~(> ' ' )>
  09/15/20
You will if you're an unemployed recent grad. Who else wo...
......,,.......
  09/16/20
"You will if you're an unemployed recent grad." ...
~~(> ' ' )>
  09/16/20
Lol, I don’t agree. Push down salaries for doctors, la...
.,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,
  09/16/20
I don't understand your scenario at all. You're just assumin...
~~(> ' ' )>
  09/16/20
Also not PE is heavy in hospital / physician group ownership
.,.,,..,.,,.,.,:,,:,..,,:::,...,:,.,.:...:.,:.::,.
  09/16/20
Wait. You're denying the rise in their incomes?
~~(> ' ' )>
  09/16/20
How will megafirms deal with conflicts? Will they just not d...
.,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,
  09/16/20
I guess it would depend on how the rules of professional res...
LathamTouchedMe
  09/16/20


Poast new message in this thread



Reply Favorite

Date: September 10th, 2020 8:55 AM
Author: garnet comical blood rage

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

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897548)



Reply Favorite

Date: September 10th, 2020 9:22 AM
Author: Passionate abnormal internal respiration national

Getting CRUNK for the upcoming WEIL IPO

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897656)



Reply Favorite

Date: September 10th, 2020 9:28 AM
Author: Pearl Kitty Cat



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897692)



Reply Favorite

Date: September 10th, 2020 10:42 AM
Author: arousing rebellious center coldplay fan



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898139)



Reply Favorite

Date: September 10th, 2020 5:44 PM
Author: Pungent Floppy Hall



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900383)



Reply Favorite

Date: September 10th, 2020 8:56 AM
Author: Jet Razzmatazz Tanning Salon Volcanic Crater

This is big. And a terrible idea.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897553)



Reply Favorite

Date: September 10th, 2020 9:20 AM
Author: Pearl Kitty Cat

(guy whose law firm won't be listed on the NYSE)

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897641)



Reply Favorite

Date: September 10th, 2020 1:03 PM
Author: hyperventilating trust fund



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898978)



Reply Favorite

Date: September 10th, 2020 9:00 AM
Author: Outnumbered costumed generalized bond wrinkle

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)



Reply Favorite

Date: September 10th, 2020 9:20 AM
Author: Pearl Kitty Cat



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897643)



Reply Favorite

Date: September 10th, 2020 9:45 AM
Author: disgusting dilemma kitty

What do you think a law firm’s assets are?

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897793)



Reply Favorite

Date: September 10th, 2020 10:48 AM
Author: cocky brunch

intellectual capital

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898174)



Reply Favorite

Date: September 10th, 2020 11:23 AM
Author: Outnumbered costumed generalized bond wrinkle

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)



Reply Favorite

Date: September 10th, 2020 9:15 AM
Author: bistre set fortuitous meteor

what is the benefit of this

who is like, I'd like to start a law firm but lack the capital to do it

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897626)



Reply Favorite

Date: September 10th, 2020 10:47 AM
Author: Swollen buck-toothed location boltzmann



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898170)



Reply Favorite

Date: September 10th, 2020 10:50 AM
Author: trip lime space water buffalo

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)



Reply Favorite

Date: September 10th, 2020 11:54 AM
Author: bearded temple national security agency

LJL at the "performance" of a paralegal mattering to anything.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898614)



Reply Favorite

Date: September 10th, 2020 12:02 PM
Author: angry ceo

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)



Reply Favorite

Date: September 10th, 2020 12:37 PM
Author: trip lime space water buffalo

I'm saying it. It's a fine argument.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898830)



Reply Favorite

Date: September 10th, 2020 12:39 PM
Author: angry ceo

i don’t buy it.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898839)



Reply Favorite

Date: September 10th, 2020 1:06 PM
Author: bistre set fortuitous meteor

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?

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898994)



Reply Favorite

Date: September 10th, 2020 1:10 PM
Author: angry ceo

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)



Reply Favorite

Date: September 11th, 2020 9:19 AM
Author: balding plum dragon lay

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)



Reply Favorite

Date: September 11th, 2020 9:21 AM
Author: bistre set fortuitous meteor

trannies and compliancemos fucked

alpha litigators reign supreme

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903073)



Reply Favorite

Date: September 11th, 2020 9:31 AM
Author: balding plum dragon lay

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)



Reply Favorite

Date: September 10th, 2020 9:20 AM
Author: chartreuse mood

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)



Reply Favorite

Date: September 10th, 2020 9:36 AM
Author: Excitant Pit Candlestick Maker

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)



Reply Favorite

Date: September 10th, 2020 9:43 AM
Author: Seedy alcoholic rigpig



(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: Jet Razzmatazz Tanning Salon Volcanic Crater

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)



Reply Favorite

Date: September 10th, 2020 11:51 AM
Author: arrogant dashing principal's office affirmative action

They used to say that about residential real estate.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898595)



Reply Favorite

Date: September 10th, 2020 10:21 AM
Author: bistre set fortuitous meteor

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)



Reply Favorite

Date: September 10th, 2020 9:39 AM
Author: Lascivious Useless Business Firm

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)



Reply Favorite

Date: September 10th, 2020 9:43 AM
Author: Racy piazza



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897777)



Reply Favorite

Date: September 10th, 2020 9:44 AM
Author: Lascivious Useless Business Firm

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897787)



Reply Favorite

Date: September 10th, 2020 9:46 AM
Author: Racy piazza

justice Corn Pop: uh, counselor, did you just take a shit on the marble floor?

GR: *gives puppy eyes*

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897802)



Reply Favorite

Date: September 10th, 2020 9:54 AM
Author: Lascivious Useless Business Firm

*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)



Reply Favorite

Date: September 10th, 2020 9:57 AM
Author: Racy piazza

justice Obama: Did earl contribute to the cost of the guac?

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897858)



Reply Favorite

Date: September 10th, 2020 10:24 AM
Author: Lascivious Useless Business Firm

*the audience erupts with laughter*

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897998)



Reply Favorite

Date: September 10th, 2020 10:46 AM
Author: aphrodisiac weed whacker rigor

Lib "humor", folks!

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898166)



Reply Favorite

Date: September 11th, 2020 9:20 AM
Author: balding plum dragon lay

(Earl's pumo)

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903070)



Reply Favorite

Date: September 10th, 2020 9:41 AM
Author: Smoky area prole

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)



Reply Favorite

Date: September 10th, 2020 9:43 AM
Author: Racy piazza

This made me legit laugh. Kudos.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897778)



Reply Favorite

Date: September 11th, 2020 11:15 AM
Author: Outnumbered costumed generalized bond wrinkle

No one gives a fuck if they made you laugh.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903689)



Reply Favorite

Date: September 10th, 2020 9:45 AM
Author: Jet Razzmatazz Tanning Salon Volcanic Crater



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897791)



Reply Favorite

Date: September 10th, 2020 9:47 AM
Author: Shivering mad cow disease



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897807)



Reply Favorite

Date: September 10th, 2020 9:48 AM
Author: Pearl Kitty Cat



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897810)



Reply Favorite

Date: September 10th, 2020 10:09 AM
Author: mind-boggling sienna crackhouse

Initiating constant proxy votes to cut their draws

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40897899)



Reply Favorite

Date: September 10th, 2020 10:25 AM
Author: angry ceo



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898005)



Reply Favorite

Date: September 10th, 2020 10:43 AM
Author: exciting plaza karate



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898145)



Reply Favorite

Date: September 10th, 2020 10:56 AM
Author: Insane burgundy juggernaut



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898221)



Reply Favorite

Date: September 10th, 2020 11:34 AM
Author: Bearded ultramarine church faggotry



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898479)



Reply Favorite

Date: September 10th, 2020 2:50 PM
Author: Mewling Station Pocket Flask



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899501)



Reply Favorite

Date: September 10th, 2020 5:09 PM
Author: chartreuse mood



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900184)



Reply Favorite

Date: September 10th, 2020 5:11 PM
Author: spectacular macaca



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900193)



Reply Favorite

Date: September 10th, 2020 5:45 PM
Author: overrated razzle-dazzle genital piercing



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900390)



Reply Favorite

Date: September 11th, 2020 12:15 AM
Author: Big dingle berry rehab



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902258)



Reply Favorite

Date: September 10th, 2020 10:42 AM
Author: iridescent bateful gas station

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)



Reply Favorite

Date: September 10th, 2020 10:55 AM
Author: Smoky area prole

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: exciting plaza karate

Lmfao this will be INSANE

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898149)



Reply Favorite

Date: September 10th, 2020 11:04 AM
Author: Judgmental unholy dopamine

Lmaoooo fuck biglawyers

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898275)



Reply Favorite

Date: September 10th, 2020 11:04 AM
Author: Vibrant abusive whorehouse

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: massive maize electric furnace crotch

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)



Reply Favorite

Date: September 10th, 2020 11:14 AM
Author: Vibrant abusive whorehouse

titcr

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898337)



Reply Favorite

Date: September 10th, 2020 11:33 AM
Author: angry ceo

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)



Reply Favorite

Date: September 10th, 2020 11:38 AM
Author: Jet Razzmatazz Tanning Salon Volcanic Crater

There's a million companies that have tried to do this only some successfully so far (legal zoom)



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898511)



Reply Favorite

Date: September 10th, 2020 11:46 AM
Author: angry ceo

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)



Reply Favorite

Date: September 10th, 2020 11:37 AM
Author: Jet Razzmatazz Tanning Salon Volcanic Crater

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)



Reply Favorite

Date: September 10th, 2020 11:41 AM
Author: Judgmental unholy dopamine

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)



Reply Favorite

Date: September 10th, 2020 11:46 AM
Author: Jet Razzmatazz Tanning Salon Volcanic Crater

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898562)



Reply Favorite

Date: September 10th, 2020 12:21 PM
Author: Vibrant abusive whorehouse

financial industry came up with roboadvisors. won't be much different here.

also, LOL and UPL now.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898755)



Reply Favorite

Date: September 10th, 2020 1:05 PM
Author: hyperventilating trust fund

Ha..ha...

*puts gun to mouth*

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898991)



Reply Favorite

Date: September 11th, 2020 12:12 AM
Author: stimulating geriatric parlor



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902245)



Reply Favorite

Date: September 11th, 2020 9:21 AM
Author: balding plum dragon lay

CR

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903077)



Reply Favorite

Date: September 10th, 2020 11:05 AM
Author: contagious copper depressive

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)



Reply Favorite

Date: September 10th, 2020 11:08 AM
Author: cracking learning disabled spot multi-billionaire

Literally cannot wait to sell out

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898290)



Reply Favorite

Date: September 10th, 2020 11:20 AM
Author: heady transparent incel

L.J.L.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898378)



Reply Favorite

Date: September 10th, 2020 11:38 AM
Author: Avocado gaping

lol killshot

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898515)



Reply Favorite

Date: September 10th, 2020 1:06 PM
Author: hyperventilating trust fund



(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: Medicated forum

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

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898538)



Reply Favorite

Date: September 10th, 2020 11:45 AM
Author: Avocado gaping

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)



Reply Favorite

Date: September 10th, 2020 11:45 AM
Author: Bearded ultramarine church faggotry

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

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898560)



Reply Favorite

Date: September 10th, 2020 11:47 AM
Author: Jet Razzmatazz Tanning Salon Volcanic Crater

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)



Reply Favorite

Date: September 10th, 2020 11:48 AM
Author: flesh curious son of senegal roast beef

Cr there is a silver lining here

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898574)



Reply Favorite

Date: September 10th, 2020 11:49 AM
Author: Pearl Kitty Cat



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898578)



Reply Favorite

Date: September 10th, 2020 12:24 PM
Author: Bearded ultramarine church faggotry



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898770)



Reply Favorite

Date: September 10th, 2020 2:52 PM
Author: Mewling Station Pocket Flask



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899509)



Reply Favorite

Date: September 10th, 2020 11:29 PM
Author: Diverse honey-headed sex offender



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902091)



Reply Favorite

Date: September 11th, 2020 12:14 AM
Author: stimulating geriatric parlor



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902250)



Reply Favorite

Date: September 11th, 2020 12:16 AM
Author: Big dingle berry rehab



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902260)



Reply Favorite

Date: September 10th, 2020 12:21 PM
Author: Thirsty meetinghouse trump supporter

yet people keep pouring into pharmacy, optometry, veterinary, and dental school...

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898753)



Reply Favorite

Date: September 10th, 2020 11:49 AM
Author: supple mahogany cuckold faggot firefighter



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898580)



Reply Favorite

Date: September 10th, 2020 1:08 PM
Author: hyperventilating trust fund

"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

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899011)



Reply Favorite

Date: September 10th, 2020 9:37 PM
Author: garnet comical blood rage

Oh god of oh

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40901565)



Reply Favorite

Date: September 11th, 2020 9:29 AM
Author: balding plum dragon lay

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)



Reply Favorite

Date: September 10th, 2020 11:56 AM
Author: Violet Low-t Heaven

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)



Reply Favorite

Date: September 10th, 2020 12:00 PM
Author: angry ceo

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)



Reply Favorite

Date: September 10th, 2020 12:02 PM
Author: bearded temple national security agency

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)



Reply Favorite

Date: September 10th, 2020 12:05 PM
Author: angry ceo

splitting fees != being an indentured servant.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898678)



Reply Favorite

Date: September 10th, 2020 12:06 PM
Author: bearded temple national security agency

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)



Reply Favorite

Date: September 10th, 2020 12:12 PM
Author: angry ceo

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)



Reply Favorite

Date: September 10th, 2020 12:18 PM
Author: iridescent bateful gas station



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898740)



Reply Favorite

Date: September 11th, 2020 9:26 AM
Author: misunderstood property

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40903097)



Reply Favorite

Date: September 10th, 2020 11:58 AM
Author: bearded temple national security agency

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)



Reply Favorite

Date: September 10th, 2020 11:58 AM
Author: Jet Razzmatazz Tanning Salon Volcanic Crater

Cr

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898640)



Reply Favorite

Date: September 10th, 2020 11:59 AM
Author: angry ceo

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)



Reply Favorite

Date: September 11th, 2020 12:14 AM
Author: stimulating geriatric parlor



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902253)



Reply Favorite

Date: September 11th, 2020 12:16 AM
Author: Big dingle berry rehab



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902262)



Reply Favorite

Date: September 10th, 2020 11:59 AM
Author: Bearded ultramarine church faggotry



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898645)



Reply Favorite

Date: September 10th, 2020 12:03 PM
Author: Judgmental unholy dopamine



(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: bistre set fortuitous meteor



(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: exciting plaza karate



(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: Sooty shaky cruise ship



(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: bearded temple national security agency

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: Judgmental unholy dopamine

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: aquamarine antidepressant drug

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

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898771)



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Date: September 10th, 2020 12:26 PM
Author: angry ceo

ty.

op, please use search before starting a new thread. thread locked.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898779)



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Date: September 10th, 2020 12:27 PM
Author: Vibrant abusive whorehouse



(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: aquamarine antidepressant drug

Thanks for your support, friend.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898795)



Reply Favorite

Date: September 10th, 2020 12:31 PM
Author: angry ceo



(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: hyperventilating trust fund



(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: garnet comical blood rage

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: aromatic associate

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: iridescent bateful gas station

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: angry ceo

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: aquamarine antidepressant drug

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: aromatic associate



(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: Vibrant abusive whorehouse

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: angry ceo

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: Vibrant abusive whorehouse

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: angry ceo

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: hyperventilating trust fund

"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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899024)



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Date: September 10th, 2020 1:27 PM
Author: Vibrant abusive whorehouse

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: aquamarine antidepressant drug

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899150)



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Date: September 10th, 2020 2:13 PM
Author: hyperventilating trust fund

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: aquamarine antidepressant drug

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.)

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899098)



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Date: September 10th, 2020 12:59 PM
Author: aquamarine antidepressant drug

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: Vibrant abusive whorehouse

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

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899001)



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Date: September 10th, 2020 1:24 PM
Author: aquamarine antidepressant drug

"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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899087)



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Date: September 16th, 2020 12:23 AM
Author: Emily Spinach

>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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40927257)



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Date: September 10th, 2020 1:08 PM
Author: Vibrant abusive whorehouse

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: aquamarine antidepressant drug

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: bistre set fortuitous meteor

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899009)



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Date: September 10th, 2020 1:14 PM
Author: angry ceo

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: aquamarine antidepressant drug

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: garnet comical blood rage

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

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902166)



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Date: September 14th, 2020 10:51 AM
Author: the walter white of this generation (walt jr.)

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: iridescent bateful gas station

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: vivacious lake famous landscape painting

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: Vibrant abusive whorehouse

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898886)



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Date: September 10th, 2020 1:01 PM
Author: angry ceo

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40898965)



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Date: September 10th, 2020 1:12 PM
Author: Vibrant abusive whorehouse

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899032)



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Date: September 10th, 2020 1:18 PM
Author: angry ceo

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: Vibrant abusive whorehouse

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899083)



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Date: September 10th, 2020 1:25 PM
Author: Razzle mint haunted graveyard locus

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: Vibrant abusive whorehouse

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: hyperventilating trust fund



(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: garnet comical blood rage



(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: aquamarine antidepressant drug

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.)

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899308)



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Date: September 10th, 2020 1:51 PM
Author: aquamarine antidepressant drug

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.



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899247)



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Date: September 10th, 2020 12:35 PM
Author: Dead Peach Hunting Ground Persian

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: iridescent bateful gas station

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: bistre set fortuitous meteor

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: Vibrant abusive whorehouse

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: aquamarine antidepressant drug

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)



Reply Favorite

Date: September 10th, 2020 1:15 PM
Author: hyperventilating trust fund

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?



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899049)



Reply Favorite

Date: September 10th, 2020 2:41 PM
Author: bistre set fortuitous meteor

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: hyperventilating trust fund

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899575)



Reply Favorite

Date: September 10th, 2020 2:18 PM
Author: Tan wonderful double fault school

how will this affect the solo-contingency model?

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899350)



Reply Favorite

Date: September 10th, 2020 3:07 PM
Author: hyperventilating trust fund

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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899599)



Reply Favorite

Date: September 10th, 2020 3:10 PM
Author: Tan wonderful double fault school

what about Pl side employment lit

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40899621)



Reply Favorite

Date: September 10th, 2020 3:12 PM
Author: hyperventilating trust fund

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: Sick Pink Goal In Life

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.



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40900650)



Reply Favorite

Date: September 10th, 2020 5:22 PM
Author: garnet comical blood rage



(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: chartreuse mood

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)



Reply Favorite

Date: September 10th, 2020 10:15 PM
Author: garnet comical blood rage

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)



Reply Favorite

Date: September 10th, 2020 11:33 PM
Author: chartreuse mood

So what, the client can't choose their own lawyer?

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40902107)



Reply Favorite

Date: September 10th, 2020 11:43 PM
Author: garnet comical blood rage

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)



Reply Favorite

Date: September 10th, 2020 11:44 PM
Author: chartreuse mood

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: garnet comical blood rage

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: Sooty shaky cruise ship

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: chartreuse mood



(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: spectacular macaca

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: bistre set fortuitous meteor



(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: Big dingle berry rehab



(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: alcoholic parlour scourge upon the earth

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: garnet comical blood rage

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: alcoholic parlour scourge upon the earth

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: Emily Spinach

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: .,.,,..,.,,.,.,:,,:,..,,:::,...,:,.,.:...:.,:.::,.


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: angry ceo

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: Big dingle berry rehab

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: overrated razzle-dazzle genital piercing

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: carnelian hairraiser kitchen



(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: Seedy alcoholic rigpig

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: bistre set fortuitous meteor



(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: bearded temple national security agency

.....

(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: spruce range therapy

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: garnet comical blood rage



(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: garnet comical blood rage

Long John Silver’s Peppered Troutman



(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40904743)



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Date: September 11th, 2020 2:31 PM
Author: Seedy alcoholic rigpig

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: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

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: Big dingle berry rehab



(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: .,.,,,.,,..,.,.,:,:,,...,::,...,:,.,..:.:.,:.::,.


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.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40916947)



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Date: September 15th, 2020 9:09 PM
Author: (?)

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: ~~(> ' ' )>

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: ......,,.......

You will if you're an unemployed recent grad.

Who else would take you?

Peterman has all the Flying J's on lock.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40927179)



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Date: September 16th, 2020 2:05 PM
Author: ~~(> ' ' )>

"You will if you're an unemployed recent grad."

Not many graduates of the top ~20 schools will.

(http://www.autoadmit.com/thread.php?thread_id=4621706&forum_id=2#40929716)



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Date: September 16th, 2020 12:40 AM
Author: .,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,


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: ~~(> ' ' )>

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: .,.,,..,.,,.,.,:,,:,..,,:::,...,:,.,.:...:.,:.::,.


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: ~~(> ' ' )>

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: .,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,


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: LathamTouchedMe

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)