Recently in legal trends Category

April 8, 2008

If we could only outsource legal self-help books, too...

india.jpgHow much did DuPont save last year by outsourcing legal work to Mumbai? Approximately $500K. Over 29,000 U.S. legal jobs have already been "offshored" to similar Indian outposts, and that number is expected to increase to 79,000 by 2015. The loss in revenue for U.S. lawyers is estimated at $4.3 billion (though nobody's calculated the savings to clients).

Hey, come to think of it ... why not just create an affiliate law office on the subcontinent? That's what GE, America's fifth-largest corporation did, sending an annual $3 million in legal work overseas. How long before government work is outsourced, too? Wait ... it already is.

(...And if GW is really in favor of outsourcing, why doesn't he step up for the greatest sacrifice?)

February 22, 2008

And your reserve price?

auctionbid.jpgWhat's the average legal fee for handling a misdemeanor in Jackson County, Michigan? It used to be $250, but that was before the county auctioned off its public defender obligations to bidding lawyers. So far the bids have ranged from $165 to $220 per case. How much does the county expect to save with its new bidding system? Estimates have the savings pegged at $20,000 per year. What types of misdemeanors are we talking about? Some drunk driving, simple drug possession, various traffic violations. Possible reasons for getting drunk or taking drugs in Jackson County? Unemployment is near 7.9 percent and last year the county had 1,227 house foreclosures.

January 23, 2008

Let the bad times roll...

recession.jpgWill law firms be affected by the recession? Some say the legal business is already in one. How many associates did Cadwalader Wickersham & Taft lay off this month? 35. How many associates did Thatcher Proffitt & Wood cut at the end of the year? 50.

What legal practice areas are likely to be recession-proof? Real estate. How much has O'Melveny and Myers billed in six months over the subprime collapse? More than $12.5 million.

January 22, 2008

Some like it hot...

match.jpgWhat's the "hottest" trend in the legal business? Many analysts believe that climate-change law (advising businesses on global warming) is the go-to practice for the new millennium (and yes, there are treatises available to help).

How much did Baker & McKenzie earn from its "climate-change" division in 2007? The 60-lawyer team brought in somewhere between $15 million to $20 million. What are the hourly rates for climate change partners at the big U.S. firms? $500 to $700. What percentage of energy in law offices is wasted? 30% (.pdf).