Today we published Joanna's new column, about how to add value in a downturn.
"December’s news focused on the credit crunch and an obsession with shoppers’ footprints in London’s West End as early sales finally tempted Christmas shoppers. While some features pages focused on thrift, others asked whether we could really spend our way out of a recession. This doesn’t seem a sensible approach. I doubt that many individuals or families will be throwing caution to the wind in an attempt to save the UK economy and the Prime Minister’s reputation. And it definitely won’t be the case when it comes to law firms’ expenditure. Since my last column – and I know that it has been a while – I have spoken with a number of law firms in the UK and Europe, and certainly all the sensible ones acknowledge that the economic situation is transforming the nature of their work, which has focused on reorganisation, restructuring and insolvency as well as distressed transactions. Law firms are necessarily involved in the rescue deals that are hitting the headlines, so they are only too well aware of the impact on business." Read more...
Legal IT news update
- More on Why Intranets Help Firms Manage Expenses
- A Former GC Explains Why BigLaw Keeps Getting Business
- Discovery: ESI Rules Go Wide
- Federal Rulemaking Captured in Podcasts
- Discovery: ESI Rules Go Wide
- Firms Step Up Year-End Billing Collections
All the details in our news section.
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