Connecting the dots between his recent post on Cisco's efforts to work with GMC and Microsoft to
cut legal costs, Friedmann writes:
The Bench FZE's creative business model that helps
cut legal costs and gives lawyers a greater share of client fees saw it grab the innovation award title.
Again, pressure is on large firms to
cut legal costs and become more efficient with less time and money to work with.
Not exact matches
Ask if there are ways to
cut down on
costs, says Fred Steingold, an Ann Arbor, Mich., attorney and author of
Legal Guide for Starting & Running a Small Business (Nolo, 2011).
Autonomous cars are ultimately intended to
cut costs, but Uber's development team has been mired in a
legal battle with Alphabet's Waymo.
Cut in compensation of about 10 % came in a year when the bank's profit nearly halved due to higher
legal costs and a slump in bond trading.
Citigroup
cut Chief Executive Michael Corbat's pay by about 10 % in 2014, a year in which the bank's profit nearly halved due to higher
legal costs and a slump in bond trading.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed
cost reduction efforts and restructuring
costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of
legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax
Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger
costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
As just one example, happiness could become a prime measurement of «wellness,» potentially opening the doors for ever more intrusive regulations under the Affordable Care Act as part of the
legal requirement placed on the government to
cut medical
costs.
The reforms would also create financial savings, notably a
cut in the
costs of
Legal Aid to those contesting cases in the family courts.
Only an infantile lawyer like Okudzeto Ablakwa would refuse to
cut his losses as I did when he knows that governments in Ghana do not pay for any fees associated with filing and prosecuting civil cases except
legal costs, damages, and other awards.
He has
cut a quarter of the
legal aid budget, set court and tribunal fees at unaffordable levels, and exposed claimants to eye - watering
costs bills that wealthy defendants often run up.
Government plans set for April will
cut # 220 million from the # 2 billion annual
legal aid budget, predominantly through a 30 % reduction in fees for complex, high -
cost cases and an 18 %
cut in fees for other crown court work.
With each and every growing controversy, we have seen that the government's changes to the criminal justice system have been rooted in the panacea of
cutting costs, with little regard to preserving the integrity and the fundamental principles of equality before the law and access to justice that sit at the heart of our
legal system.
«With each and every growing controversy, we have seen that the government's changes to the criminal justice system have been rooted in the panacea of
cutting costs, with little regard to preserving the integrity and the fundamental principles of equality before the law and access to justice that sit at the heart of our
legal system,» he said.
The boom is attributed in part to
cost -
cutting by financial firms and lower non-compensation expenses, including
legal settlements.
The council can only meet the
legal requirement to balance its budget by raiding # 3milion from its reserves while carrying out a raft of mid-year spending
cuts, including
cutting personal budgets for adult care users by a fifth and targeting high -
cost adult care packages for reductions (appendices 4 and 5, pages 12 - 13).
For example, Ken Clarke had to weigh up not
cutting as much as he could from
legal advice services, or
cutting legal advice and
costing the Government more money than if it had left
legal advice alone - for under # 100, a family could receive advice on a housing problem from a Citizen's Advice Bureau that could prevent a council having to spend thousands of pounds to house the aforementioned family later on.
The GOP said it would adopt a proposal by the Democratic minority to save $ 15.7 million by
cutting outside
legal contracts, equipment and utility
costs.
Her research focuses on school
cost -
cutting practices, the role of private enterprise and business engagement in public education, and the
legal and structural barriers faced by education leaders.
You must also pay
legal, appraisal and administrative fees as the lenders in the city try to
cut costs as much as possible.
Just make sure you don't
cut out important coverage, such as liability and property damage, that can help you pay for theft, storm damage and more importantly
legal costs if you are responsible for an accident.
In the first of an exclusive NLJ online series on
legal aid post-LASPO, Jon Robins considers the Low alternatives to «indiscriminate»
cost cutting
Two leading advisors to major law firms predicted a declining demand for
legal services, a 15 % drop in net income from 2008, the inability to raise rates, additional layoffs, salary freezes and
cost cutting, heavier fee discounting, expenses rising faster than revenues — and a long wait for better times.
Law firms may be
cutting some
costs, but they are spending at least as much if not more on
legal information services than ever, especially through the recent recession (s).
(2) the population's views and desires as to this evolution in the use of the
legal profession's monopoly over the provision of
legal services to impose a «
cutting costs by
cutting competence» limitation upon people's ability to access justice;
Yes, he may be probably more negative on the industry generally (just because of
legal numbers declining / firms
cutting costs / outsourcing of lawyers etc. rather than he thinks law firms are suddenly going to decide they don't need information nor switch to a Google style product) but more that the old duopoly that drove profits is dead.
I am often able to
cut through a lot of
legal clutter, and I can help resolve cases efficiently and
cost - effectively.
Corporate
legal departments are now under increasing pressure to
cut costs, and they are passing those pressures on to outside counsel.
It is not all about budget
cuts and
costs, but rather about the collection of detailed metrics that show how
legal is simplifying processes to improve customer service, implementing software to get deals done more quickly, and streamlining operations to better manage workloads and outcomes.
Beyond
cost savings,
legal process outsourcing offers many advantages including access to outside talent, round - the - clock availability, and the ability to quickly scale up or
cut back operations.
Because of the forces that are greatly increasing the volume of laws and their complexity, people are progressively less able to solve their
legal problems by themselves, and are forced to accept law society programs that «
cut costs by
cutting competence» (e.g., law students, paralegals, self - help, and «unbundling» of
legal services).
The recommendation in a comment above, that
costs be
cut by allowing clients to choose how much
legal research, and other preparatory services they want to pay for, justifies incompetence, which is unjustifiable.
Bill Heinze at I / P Updates points to an article on
legal outsourcing by Bloomberg reporters Cynthia Cotts and Liane Kufchock in which they describe how clients are pressuring large law firms to
cut costs by sending work to India.
The debate over
legal outsourcing is going mainstream, with a special report in yesterday's Toronto Star (print copy only; Legal temps fill holes, cut co
legal outsourcing is going mainstream, with a special report in yesterday's Toronto Star (print copy only;
Legal temps fill holes, cut co
Legal temps fill holes,
cut costs).
Despite savage
cuts to recoverable
legal costs, motor premiums continue to rise inexorably and they are already unaffordable for some consumers.
Those are some of the questions that came to my mind after reading this fairly detailed article, Jones Day, Kirkland Send Work to India to
Cut Costs (Update2)(Bloomberg, 8/21/07), which describes how large firms and corporate clients are using outsourcing (hat tip to
Legal Pad).
Dundas & Wilson has launched a new paralegal - led
Legal Services Unit (LSU) in Scotland, which is intended to
cut costs for clients by taking on routine work often carried out by qualified lawyers.
Virtual workers and outsourced
legal services providers can help attorneys increase productivity and
cut down the
costs that might be spent on hiring full - time, in - house staff.
Lord Neuberger, President of the Supreme Court, has warned the
cuts to
legal aid could lead to higher court
costs, which would wipe out any savings.
Since taking up the post in January Visser has taken responsibility for finding innovative ways to
cuts costs for clients while not compromising on quality of
legal advice.
Because your law firm and in - house attorneys have little incentive to speed up processing times,
cut costs, and reduce error rates — adoption of
legal tech likely requires a push from outside the ranks of lawyers who are captive to the traditional business model.
Too many (law firm partners) seem focused on
cost cutting and re-allocating profits rather than fundamentally changing how they deliver
legal services and advice.
Corporations in particular are expected to increase their in - house
legal departments to
cut costs.
The changes — which were originally proposed in the November 2013 consultation Judicial review: proposals for further reform — include further
cuts to
legal aid and amendments to the rules on
costs which will make it more difficult for charities and NGOs to intervene in judicial review proceedings.
Early Resolution — the brainchild of Sir Charles Gray, a retired high court judge, and Alastair Brett, a former
legal manager of The Times — aims to help parties
cut costs by dealing with key issues at an early stage.
The firm is also aiming to increase the efficiency of its global network, and announced in May that it would
cut 170 global business services roles and open a low
cost legal centre in Manila later this year.
But as for external
legal budgets, cities weren't able to
cut costs despite efforts such as the Association of Corporate Counsel's Value Challenge.
Economics: with margins on conveyancing
cut to the bone and with the rise of title insurance, the demise of personal injury litigation, and
legal aid being tightly controlled by its government funders, its tough to make a living, even given lower
costs of living and business overhead.
It's a great tool for lawyers interested in
cutting their
legal research
costs.