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	<title>NextLex</title>
	<atom:link href="http://www.nextlex.net/blog/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.nextlex.net/blog</link>
	<description>Connect... Collaborate... Succeed...</description>
	<pubDate>Wed, 20 Aug 2008 16:06:43 +0000</pubDate>
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		<title>Are you participating in Social Media?</title>
		<link>http://www.nextlex.net/blog/2008/08/20/are-you-participating-in-social-media/</link>
		<comments>http://www.nextlex.net/blog/2008/08/20/are-you-participating-in-social-media/#comments</comments>
		<pubDate>Wed, 20 Aug 2008 16:03:57 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[Marketing]]></category>

		<category><![CDATA[Resources for the Recent Grad]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=25</guid>
		<description><![CDATA[]]></description>
			<content:encoded><![CDATA[<p>If you&#8217;re here, I might be preaching to the choir.  But in case I&#8217;m not, and you&#8217;ve had questions about why social media, social networking matter and should be part of your repertoire, check <a title="If You're Not Participating in Social Media..." href="http://www.ducttapemarketing.com/blog/2008/08/19/if-youre-not-participating-in-social-media/" target="_blank">this</a> out, from John Jantsch at <a title="Duct Tape Marketing" href="http://www.ducttapemarketing.com/" target="_blank">Duct Tape Marketing</a>, reporting on research from media communications company <a title="Universal McCann" href="http://www.universalmccann.com/" target="_blank">Universal McCann</a>.</p>
<p>If you need a compelling argument, here it is:</p>
<div id="__ss_352127" style="width: 425px; text-align: left;"><a style="font:14px Helvetica,Arial,Sans-serif;display:block;margin:12px 0 3px 0;text-decoration:underline;" title="Universal Mccann International Social Media Research Wave 3" href="http://www.slideshare.net/mickstravellin/universal-mccann-international-social-media-research-wave-3?src=embed">Universal Mccann International Social Media Research Wave 3</a><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="355" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowScriptAccess" value="always" /><param name="src" value="http://static.slideshare.net/swf/ssplayer2.swf?doc=um-international-social-media-research-wave3-1208176731994979-9&amp;stripped_title=universal-mccann-international-social-media-research-wave-3" /><embed type="application/x-shockwave-flash" width="425" height="355" src="http://static.slideshare.net/swf/ssplayer2.swf?doc=um-international-social-media-research-wave3-1208176731994979-9&amp;stripped_title=universal-mccann-international-social-media-research-wave-3" allowscriptaccess="always" allowfullscreen="true"></embed></object></p>
<div style="font-size:11px;font-family:tahoma,arial;height:26px;padding-top:2px;">View SlideShare <a style="text-decoration:underline;" title="View Universal Mccann International Social Media Research Wave 3 on SlideShare" href="http://www.slideshare.net/mickstravellin/universal-mccann-international-social-media-research-wave-3?src=embed">presentation</a> or <a style="text-decoration:underline;" href="http://www.slideshare.net/upload?src=embed">Upload</a> your own. (tags: <a style="text-decoration:underline;" href="http://slideshare.net/tag/socialmedia">socialmedia</a> <a style="text-decoration:underline;" href="http://slideshare.net/tag/research">research</a>)</div>
</div>
<p><img style="visibility:hidden;width:0px;height:0px;" src="http://counters.gigya.com/wildfire/IMP/CXNID=2000002.0NXC/bT*xJmx*PTEyMTkyNDczMzg2NDkmcHQ9MTIxOTI*NzM1MjQzNiZwPTEwMTkxJmQ9Jm49Jmc9Mg==.gif" border="0" alt="" width="0" height="0" /></p>
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		<title>Social Networking Webinar</title>
		<link>http://www.nextlex.net/blog/2008/08/15/social-networking-webinar/</link>
		<comments>http://www.nextlex.net/blog/2008/08/15/social-networking-webinar/#comments</comments>
		<pubDate>Fri, 15 Aug 2008 15:08:21 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[Marketing]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=23</guid>
		<description><![CDATA[Please forgive the exceedingly long delay between posts.  The day job, a move (replete with packing, lifting, unpacking), and managing the NextLex beta development, have sucked far too much time from my days.  We should be getting into a more regular routine here, and migrating to a more robust set of features for your networking [...]]]></description>
			<content:encoded><![CDATA[<p>Please forgive the exceedingly long delay between posts.  The day job, a move (replete with packing, lifting, unpacking), and managing the NextLex beta development, have sucked far too much time from my days.  We should be getting into a more regular routine here, and migrating to a more robust set of features for your networking and learning pleasure.</p>
<p>But on to the real reason for writing now.  If you&#8217;ve been thinking about starting or improving on your blog, or better leveraging social networking tools, chances are you&#8217;ve come across for fee webinars and $90 books.  Well, today Kevin O&#8217;Keefe&#8217;s <a title="LexBlog" href="www.lexblog.com" target="_blank">LexBlog</a> has placed their latest webinar online, <a title="Reaching Beyond Your Blog: Using Social Networking Sites and Twitter" href="http://kevin.lexblog.com/2008/08/articles/social-networking-1/recording-of-todays-social-networking-webinar-available-online/" target="_blank"><strong>Reaching Beyond Your Blog: Using Social Networking Sites and Twitter</strong></a>.  It&#8217;s definitely worth listening to.</p>
<p>Kevin has also aggregated and written a lot of useful pieces to get you thinking about your blog, from desigining to marketing to tech issues.  <a title="LexBlog" href="http://kevin.lexblog.com/marketing-blog-resources/art-of-blogging/" target="_blank">Check it out</a>.</p>
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		<title>Pro Bono Foreclosure Training and Experience &#8212; Find a mentor</title>
		<link>http://www.nextlex.net/blog/2008/07/10/pro-bono-foreclosure-training-and-experience-find-a-mentor/</link>
		<comments>http://www.nextlex.net/blog/2008/07/10/pro-bono-foreclosure-training-and-experience-find-a-mentor/#comments</comments>
		<pubDate>Fri, 11 Jul 2008 04:17:48 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[CLE]]></category>

		<category><![CDATA[Pro Bono]]></category>

		<category><![CDATA[Resources for the Recent Grad]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=21</guid>
		<description><![CDATA[The Maryland Bar is providing free training on defending mortgage foreclosures and the opportunity to represent homeowners in distress.  (Hat tip to Carolyn Elefant over at MyShingle).   As Carolyn mentions in her post and in her book, taking on pro bono matters via a bar sponsored program is a great way to gain substantive and [...]]]></description>
			<content:encoded><![CDATA[<p>The Maryland Bar is providing <a href="http://www.probonomd.org/foreclosure.html" target="_blank">free training on defending mortgage foreclosures and the opportunity to represent homeowners in distress</a>.  (Hat tip to Carolyn Elefant over at <a href="http://www.myshingle.com/2008/07/articles/practice-areas/free-foreclosure-training-for-maryland-attorneyswhy-pro-bono-is-a-winwin/" target="_blank">MyShingle)</a>.   As Carolyn mentions in her post and in <a href="http://www.myshingle.com/promo/services/" target="_blank">her book</a>, taking on pro bono matters via a bar sponsored program is a great way to gain substantive and practical experience, not to mention self confidence.  Further, since most pro bono trainings are staffed by local experts, it&#8217;s also a great way to network and find a mentor.</p>
<p>On a similar note, PLI is offering a <a href="http://www.pli.edu/product/clenow_detail.asp?id=45029" target="_blank">free online CLE on Defending Foreclosure Actions</a>.</p>
<p>As before, we&#8217;ll add these and similar programs and CLE&#8217;s to a separate page going forward for easy reference.</p>
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		<title>A few must reads</title>
		<link>http://www.nextlex.net/blog/2008/07/09/a-few-must-reads/</link>
		<comments>http://www.nextlex.net/blog/2008/07/09/a-few-must-reads/#comments</comments>
		<pubDate>Wed, 09 Jul 2008 16:37:44 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Finance]]></category>

		<category><![CDATA[Resources for the Recent Grad]]></category>

		<category><![CDATA[Statisics]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=20</guid>
		<description><![CDATA[In keeping with our belief that a baseline understanding of statistics, finance, and economics is a required element in your tool set, I implore you to check out the following:
Tyler Cowen, an economist at George Mason, merges public policy, economics, and of late some statistics at Marginal Revolution.
Carl Bialik over at the WSJ and Gelf [...]]]></description>
			<content:encoded><![CDATA[<p>In keeping with our belief that a baseline understanding of statistics, finance, and economics is a required element in your tool set, I implore you to check out the following:</p>
<p><a href="http://www.gmu.edu/jbc/Tyler/" target="_blank">Tyler Cowen</a>, an economist at George Mason, merges public policy, economics, and of late some statistics at <a href="http://www.marginalrevolution.com/" target="_blank">Marginal Revolution</a>.</p>
<p><a href="http://en.wikipedia.org/wiki/Carl_Bialik" target="_blank">Carl Bialik</a> over at the WSJ and <a href="http://www.gelfmagazine.com/" target="_blank">Gelf Magazine</a> to name just a few, examines the way numbers are used and abused in <a href="http://blogs.wsj.com/numbersguy/" target="_blank">The Numbers Guy</a>.  I was initially drawn to visit for a <a href="http://blogs.wsj.com/numbersguy/a-numbers-guy-quiz-on-probability-313/">statistics quiz</a>, based on Leonard Mlodinow&#8217;s book, <a href="http://www.amazon.com/Drunkards-Walk-Randomness-Rules-Lives/dp/0375424040" target="_blank">The Drunkard&#8217;s Walk: How Randomness Rules Our Lives</a>.  Take the quiz, read the book (it&#8217;s great primer), and check out Carl&#8217;s interview with Mlodinow <a href="http://blogs.wsj.com/numbersguy/numbers-guy-interview-leonard-mlodinow-329/" target="_blank">here</a>.</p>
<p>If you&#8217;d like suggest other blogs or sources relevant to beefing up critical yet seemingly ignored skill sets, please let me know.   Also, look for a static page aggregating this and similar info to pop up soon.</p>
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		<title>The 21st Century Lawyer Six-Pack</title>
		<link>http://www.nextlex.net/blog/2008/07/08/the-21st-century-lawyer-six-pack/</link>
		<comments>http://www.nextlex.net/blog/2008/07/08/the-21st-century-lawyer-six-pack/#comments</comments>
		<pubDate>Tue, 08 Jul 2008 17:46:45 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[Macro Legal Trends]]></category>

		<category><![CDATA[NextLex Primer]]></category>

		<category><![CDATA[Resources for the Recent Grad]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=19</guid>
		<description><![CDATA[Over at Law21, Jordan Furlong outlines six core skill sets necessary to practice law competently.  Here&#8217;s the list, with excerpts of his explanations.  The remainder is certainly worth reading and contemplating.
1. Collaboration skills. This isn’t just about “working well in a team,” essential as that is. This is about the ability to function [...]]]></description>
			<content:encoded><![CDATA[<p>Over at Law21, Jordan Furlong <a href="http://law21.ca/2008/07/04/core-competence-6-new-skills-now-required-of-lawyers/" target="_blank">outlines six core skill sets necessary to practice law competently</a>.  Here&#8217;s the list, with excerpts of his explanations.  The remainder is certainly worth reading and contemplating.</p>
<blockquote><p><strong>1. Collaboration skills. </strong>This isn’t just about “working well in a team,” essential as that is. This is about the ability to function in a multi-party work environment such that the process and outcome transcend the collective contribution — the whole surpasses the sum of the parts. Thanks to <a href="http://law21.ca/2008/05/23/book-review-the-lawyers-guide-to-collaboration-tools-and-technologies/" target="_blank">technological and social advances</a>, this is how work is going to be done from now on.</p>
<p><strong>2. Emotional intelligence. </strong>Clients need our empathy, perspective and personal connection to feel whole and satisfied; colleagues need our engagement, respect and understanding to be their best and help us succeed; everyone needs us to listen better than we do.</p>
<p><strong>3. Financial literacy. </strong>There’s no excuse for lawyers to remain so steadfastly clueless about money: running a business, balancing a ledger, understanding tax principles, working with statistics, calculating profit margins, even explaining the rationale behind their fees.</p>
<p><strong>4. Project management. </strong>It’s a growing refrain among clients, a chorus of frustration that most lawyers have zero skills in project management. Some lawyers wouldn’t even be able <a href="http://en.wikipedia.org/wiki/Project_management" target="_blank">to define it</a>: planning, organizing, and managing resources to successfully complete specific objectives while maintaining scope, quality, time and budget restrictions.</p>
<p><strong>5. Technological affinity. </strong><a href="http://www.gerryriskin.com/law-firm-technology-when-better-service-is-a-bad-thing.html" target="_blank">Gerry Riskin recently called out</a> the legal profession in a timely post on this subject: “too many lawyers pride themselves on their IT incompetencies, believing that it makes them somehow charming and brilliant.” &#8230; Here is a fact: technological affinity is a core competence of lawyering. If you can’t effectively and efficiently use e-mail, the Internet, and mobile telephony, you might as well just stay home.</p>
<p><strong></strong><strong>6. Time management. </strong>A substantial part of lawyers’ difficulties in this regard lie with their inability to prioritize their tasks and manage their time. Lawyers are terrible at saying “no,” they’re awful at delegating work into more efficient channels, and amazingly, many are still compensated not by the tasks they accomplish but by how long they take to do them.</p>
<p>Law schools need to teach them; governing bodies need to test for them; law firms need to make their lawyers expert in them. They’re not optional, there are no excused absences, and the test is starting right about now.</p></blockquote>
<p>Notwithstanding that the ability collaborate effectively is somewhat dependent on a fair degree of E.Q., project management skills and technological affinity, this is a great list, confirmed in part by Northwestern&#8217;s recent decision to incorporate a portion of this into their curriculum.   This six-pack is particularly important to a solo or small firm attorney, as these are what will allow you to deliver (and just as important, to <em>show</em>) value to your clients.</p>
<p>If you&#8217;re still in law school, I&#8217;d certainly suggest taking some courses in accounting and finance at the business school, and keeping tuned to our channel here at NextLex.  In time, we&#8217;ll be pointing you to useful information out on the interwebs, and also delivering courses and primers to help you acquire these skill sets.</p>
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		<title>Innovation in Legal Education?</title>
		<link>http://www.nextlex.net/blog/2008/07/07/innovation-in-legal-education/</link>
		<comments>http://www.nextlex.net/blog/2008/07/07/innovation-in-legal-education/#comments</comments>
		<pubDate>Mon, 07 Jul 2008 16:11:45 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[Macro Legal Trends]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=17</guid>
		<description><![CDATA[We might be a bit late to this discussion &#8212; it&#8217;s been over two weeks since Northwestern Law announced a minor overhaul in their curriculum.  In short, NU has decided, after much feedback from managing partners, that finance, statistics, strategy, communications, and project management skills should be included in the legal curriculum. There&#8217;s also [...]]]></description>
			<content:encoded><![CDATA[<p>We might be a bit late to this discussion &#8212; it&#8217;s been over two weeks since Northwestern Law announced a minor overhaul in their curriculum.  In short, NU has decided, after much feedback from managing partners, that finance, statistics, strategy, communications, and project management skills should be included in the legal curriculum. There&#8217;s also a two year substantive work experience requirement between undergrad and law school to apply.</p>
<p>Unsurprisingly, the reactions are mixed.   <a href="http://www.bmacewen.com/blog/archives/2008/06/northwestern_law_schools.html" target="_blank">Bruce MacEwen</a> and <a href="http://law21.ca/2008/06/25/law-schools-join-the-talent-war/" target="_blank">Jordan Furlong</a> took up the discussion with measured analysis and reporting, with <a href="http://www.insidehighered.com/news/2008/06/20/northwestern" target="_blank">Inside Higher Ed</a> and <a href="http://taxprof.typepad.com/taxprof_blog/2008/06/northwestern-to.html" target="_blank">TaxProf Blog</a> providing considered insight as well.   Comments at <a href="http://http://abovethelaw.com/2008/06/two_year_jd_degree_program.php" target="_blank">Above the Law</a> were unsurprisingly less thoughtful yet surprisingly (considering a presumably younger audience) more pessimistic about its benefits.</p>
<p>I&#8217;m still sitting on the fence.   On the one hand I applaud the move, both because I&#8217;d like to think I would have been drawn to such a curriculum, but also because solid business skills are crucial to understanding the real scope and strategies involved with clients problems.   Moreover, the statistics and finance components are intriguing because I would hope it signals an increased focus on quantifying the value of legal services.</p>
<p>On another level, though, I&#8217;m wondering what would attract students to this type of program, and skeptical that the actual practice of law within the large firms advocating this shift will change with it.  For myself, the attraction would have been that the skills developed would enable me to do more in my law degree than just practice law.  As I started researching (belatedly) what attorneys do day to day, even in highly quant oriented areas like derivatives and tax, is not particularly strategic, certainly not in the junior ranks.</p>
<p>I started taking courses at the business school and studying on my own as a means of ensuring I would be marketable in areas outside of the law, which promised greater creativity and a better risk/reward equation.    My hunch is that I&#8217;m not alone, particularly among law school grads who would be wooed from law to banking / PE / management consulting or into even more entrepreneurial pursuits.  Unless the actual practice of law becomes more innovative and creative, with more client contact and advisory experience early on, I wonder if a larger move like this would actually exacerbate associate attrition.</p>
<p>Unfortunately, I seriously doubt that the big firms in favor of this shift are willing to reexamine their business models.  No doubt their support is a proxy for clients&#8217; outrage over arguably exorbitant associate salaries and a lack of confidence in attorneys&#8217; actual understanding of their businesses.  Hiring a graduate of this program presumably allows the firm to justify its fees under the guise that associates have a better understanding of their businesses.  That isn&#8217;t enough.</p>
<p>Hopefully I&#8217;m wrong.  Maybe this is a chicken or egg situation, whereby more well-rounded business attorneys enable a changing firm structure.  I&#8217;m willing to bet, though, on increased attrition from firms, and continued success of smaller, more nimble firms which embrace the Creative Class, or the Conceptual Age, or the Millenials, or whatever we&#8217;re calling them these days.</p>
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		<title>What are you afraid of? The Successful Solo Mindset</title>
		<link>http://www.nextlex.net/blog/2008/07/06/what-are-you-afraid-of-the-successful-solo-mindset/</link>
		<comments>http://www.nextlex.net/blog/2008/07/06/what-are-you-afraid-of-the-successful-solo-mindset/#comments</comments>
		<pubDate>Sun, 06 Jul 2008 14:35:45 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[Resources for the Recent Grad]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=18</guid>
		<description><![CDATA[It&#8217;s been said before &#8212; many many times over &#8212; but it&#8217;s worth repeating briefly.  Law school teaches you to think critically, maybe to write well, with a heavy emphasis on legal analysis.  Unless you were lucky enough to have a robust clinical program, chances are you didn&#8217;t get much in the way [...]]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s been said before &#8212; many many times over &#8212; but it&#8217;s worth repeating briefly.  Law school teaches you to think critically, <em>maybe </em>to write well, with a heavy emphasis on legal analysis.  Unless you were lucky enough to have a robust clinical program, chances are you didn&#8217;t get much in the way of client contact, negotiation experience, or even the mechanics of filing motions.     Consequently, if you&#8217;re considering going solo, or even a first or second year with the rare chance to handle a matter on your own, you&#8217;re probably a bit hesitant.</p>
<p>But what, exactly, are you afraid of?   The technical aspects of practicing law aren&#8217;t what we would consider rocket science.  It <em>is </em>doable.   Chances are you just need some confidence, an understanding of what really scares you, and some methods for handling your anxieties.</p>
<p>Enter <a href="http://http://www.myshingle.com/2008/07/articles/announcements/the-successful-solo-mindset-overcome-your-fears-to-achieve-your-professional-goals/" target="_blank"><em>The Successful Solo Mindset:  Overcome Your Fears to Achieve Your Professional Goals.</em></a> <a href="http://www.myshingle.com/promo/about-me/" target="_blank">Carolyn Elefant</a> from <a href="http://www.myshingle.com">MyShingle</a> and Lisa Solomon from <a href="http://legalresearchandwritingpro.com/products/" target="_blank">Legal Research and Writing Pro</a> are delivering a course to combat precisely this set of fears.   It&#8217;s certainly worth checking out.  Here&#8217;s the course description:</p>
<blockquote><p>Many lawyers and professionals long to hang out a shingle, but fear holds them back.  Other lawyers may face an opportunity to take their practice to the next level - perhaps to hire that first associate or take on a case outside of their comfort level - but rather than embrace these challenges, they hold back or proscrastinate about making a decision.  In this course, we&#8217;ll identify some of the fears that solos and solos to be face, such as:</p>
<p>&#8211;fear of failure<br />
&#8211;fear of asking for help<br />
&#8211;fear of loss of financial stability<br />
&#8211;fear of &#8220;what others will think&#8221;<br />
&#8211;fear of embarrassment</p>
<p>Next, we&#8217;ll examine the mindset of successful solo lawyers and entrepreneurs and devise a plan to address each of the fears that prevent you from achieving success.  This program will not only offer the inspiration you need to break free from your fears, but will also provide intensely practical steps on how to  reach this goal.</p>
<p>Here&#8217;s the logistical and sign up information:</p>
<table border="0" cellspacing="0">
<tbody>
<tr>
<td>
<div>Tuesday, July 15, 2008</div>
</td>
</tr>
<tr>
<td>Time:</td>
<td>
<div>1:30pm - 2:30pm</div>
</td>
</tr>
<tr>
<td>Location:</td>
<td>
<div>Your office, car, home or anywhere you have a telephone</div>
</td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
</tbody>
</table>
<div>
<div style="overflow: hidden;">The cost for this program is $97.</div>
</div>
<p>To register, visit <a rel="nofollow" href="http://legalresearchandwritingpro.com/products" target="_blank">http://legalresearchandwritingpro.com/products</a> and add a Silver Membership to your cart.</p></blockquote>
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		<title>A Brave New World &#8212; IT&#8217;s effect on the legal industry</title>
		<link>http://www.nextlex.net/blog/2008/06/26/a-brave-new-world-its-effect-on-the-legal-industry/</link>
		<comments>http://www.nextlex.net/blog/2008/06/26/a-brave-new-world-its-effect-on-the-legal-industry/#comments</comments>
		<pubDate>Thu, 26 Jun 2008 13:20:48 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[Macro Legal Trends]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=16</guid>
		<description><![CDATA[Over at law.com, David Curle writes about a different sort of transformation from my response to Prof Sander. Increasingly powerful IT is changing the entire landscape, from the provision of legal services themselves, to the tools which lawyers utilize to collaborate and craft advice. Two specific drivers are worth noting: 


“Younger     [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal">Over at law.com, <a title="How IT Is Transforming Legal Services" href="http://www.law.com/jsp/legaltechnology/pubArticleLT.jsp?id=1202422485179" target="_blank">David Curle writes about a different sort of transformation</a> from my <a title="Addressing the " href="http://www.nextlex.net/blog/2008/06/24/addressing-the-hidden-transformation-of-the-legal-industry/">response to Prof Sander</a>. Increasingly powerful IT is changing the entire landscape, from the provision of legal services themselves, to the tools which lawyers utilize to collaborate and craft advice.<span> </span>Two specific drivers are worth noting:<span> </span></p>
<ul style="margin-top: 0in;" type="disc">
<blockquote>
<li class="MsoNormal">“Younger      associates and their content-sharing mentality. Much legal work consists      of paying young associates to reinvent wheels, and a younger generation of      tech-savvy lawyers has no interest in reinvention…they&#8217;ll want to use      technology to leverage existing technologies.”</li>
<li class="MsoNormal">“Technology      will create the most change for people who have been shut out of legal      information sources and services &#8212; small business and individuals. These      clients don&#8217;t offer enough scale to be of interest to existing legal      services providers, but technology-based information and service providers      are in a position to begin serving that &#8220;long tail&#8221; of the legal      market.”</li>
</blockquote>
</ul>
<p class="MsoNormal">In some sense, he’s taken the words right out of my mouth.<span> </span>Indeed, the foundation of NextLex is predicated on this trend.<span> </span>But I might take his observations a few steps farther, or at least state what he leaves implicit.<span> </span></p>
<p class="MsoNormal">As more and more traditional infrastructure services become replaced by more mobile IT, more and more attorneys will shove off on their own.<span> </span>BigLaw branding should still exist, but the new environment promises to be highly competitive, even chaotic.<span> </span>The ability to adapt and innovate will be not a competitive advantage, but a necessity.<span> </span>(As an aside, solos and smaller firms, with their higher utilization of emerging technologies, are well positioned in this respect.)</p>
<p class="MsoNormal">To be self-serving for a moment, this is where NextLex steps in: to enable connections, to encourage knowledge transfer, and to help build trust between attorneys in a fragmenting industry.</p>
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		<title>Addressing the &#8220;Hidden&#8221; Transformation of the Legal Industry</title>
		<link>http://www.nextlex.net/blog/2008/06/24/addressing-the-hidden-transformation-of-the-legal-industry/</link>
		<comments>http://www.nextlex.net/blog/2008/06/24/addressing-the-hidden-transformation-of-the-legal-industry/#comments</comments>
		<pubDate>Tue, 24 Jun 2008 20:04:42 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[Macro Legal Trends]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=15</guid>
		<description><![CDATA[In a recent article, UCLA Law Professor Richard Sander argues to little controversy that the legal industry is drastically different from the 1950’s; considerable consolidation has led to declining real income among solo practitioners. But he also argues that the marked increase in the number of law students graduating each year coupled with a decline [...]]]></description>
			<content:encoded><![CDATA[<p>In a <a title="Hidden Transformation of the Legal Industry" href="http://www.abanet.org/yld/tyl/june08/sander.html" target="_blank">recent article</a>, UCLA Law Professor Richard Sander argues to little controversy that the legal industry is drastically different from the 1950’s; considerable consolidation has led to declining real income among solo practitioners.<span> </span>But he also argues that the marked increase in the number of law students graduating each year coupled with a decline in the overall population of lawyers indicates that many lawyers are exiting the profession in their prime.</p>
<p>While I agree that this dichotomy indicates a problem, I don’t believe the apparent exodus from the law can be attributed to lawyers in their prime.<span> </span>The actual culprit is more troublesome.<span> </span>Seasoned lawyers may indeed be leaving, but far more aren’t even making it out of the gates.<span> </span>Sadly, I’m fairly convinced (though statistics would be helpful to confirm) that this has less to do with an overabundance of attorneys than considerable slack in the system. Neither existing recruiting channels to smaller firms and solos nor the practical skills sets of recent graduates are sufficiently robust to address this challenge.</p>
<p>Nevertheless, I am optimistic; it seems the tide is turning.<span> </span>Seasoned partners and young attorneys alike have been starting smaller shops; much ink has been spilt online to educate and inspire new lawyers to start their own practices.<span> </span>The contract attorney market, birthed as a method of handling document review work, is <a title="Contract work evolves" href="http://www.dailyreportonline.com/Editorial/News/singleEdit.asp?individual_SQL=4/21/2008@22801" target="_blank">maturing, moving into higher value added areas</a> and even gaining some acceptance within stodgy big firms.</p>
<p>I am optimistic, as well, because part of the <a title="NextLex" href="http://www.nextlex.net" target="_blank">NextLex </a>vision has been crafted to embody this change.<span> </span>We believe that by matching up recent graduates and law students with smaller firms and solo attorneys we can remove some of the slack in the system, providing meaningful formative employment experiences for recent graduates while meeting the recruiting needs of solos and small firms.</p>
<p>As always, if you would like more information about NextLex, or have comments on this post, please don&#8217;t hesitate to get in touch at jgoodwin@nextlex.net.</p>
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		<title>Statement of Purpose</title>
		<link>http://www.nextlex.net/blog/2008/06/16/statement-of-purpose/</link>
		<comments>http://www.nextlex.net/blog/2008/06/16/statement-of-purpose/#comments</comments>
		<pubDate>Tue, 17 Jun 2008 02:35:29 +0000</pubDate>
		<dc:creator>jgoodwin</dc:creator>
		
		<category><![CDATA[NextLex Primer]]></category>

		<guid isPermaLink="false">http://www.nextlex.net/blog/?p=7</guid>
		<description><![CDATA[This may be superfluous.  Maybe blogs might not need a stated intent circumscribing the conversation.  Nevertheless, I started mulling over the possibilities for the NextLex blog space.
I&#8217;m inundated with blog fodder, confronted more and more by evidence of a paradigm shift in the practice of law.    Topics that, while not [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal">This may be superfluous.  Maybe blogs might not need a stated intent circumscribing the conversation.  Nevertheless, I started mulling over the possibilities for the NextLex blog space.</p>
<p class="MsoNormal">I&#8217;m inundated with blog fodder, confronted more and more by evidence of a paradigm shift in the practice of law.    Topics that, while not always directly related to NextLex proper, could be seen as prerequisites for our very existence.  And, like everyone, I&#8217;ve an opinion, perhaps even an agenda.   But discussing such topics seemed somehow incongruent with our goals.  On the other hand, merely providing a “how-to” guide for NextLex, expanding on our grand vision and the multitude of features we hope to bring to the table, wasn’t going to cut it.</p>
<p class="MsoNormal">Then I realized, to hold back wouldn’t be in the spirit of NextLex.  We’re building a community, and communities aren’t built on feature sets that grease the wheels of collaboration.<span> </span>Grease is good, but passion is paramount.<span> </span>So, while we’ll continue to roll out updates and post on what we hope to build, we’re also taking aim at trends in the practice of law, analyzing the micro and macro, exposing the luddites, becoming the revolution that’s already here.  We may at times incite controversy, but that&#8217;s part of the plan.  Without debate, without argument, there&#8217;s no challenge and no movement forward, no innovation.  And those are certainly goals within the purview of NextLex.</p>
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