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HEADLINES for March 14, 2016
Firm Back Offices, Data Breaches, Class Actions on the Rise, Delivering Happiness
Learn what is being relocated or outsourced, why firms are choosing specific cities and which firms have moved.
- Pillsbury Winthrop reduced their overall real estate costs by $10 million a year via their service center in Nashville.
- Key benefits of outsourcing include: cost savings (77%), better, more efficient service (65%), and improvement of processes and procedures (60%).
- Orrick operates a service center in Wheeling, West Virginia saving them between $10-15 million annually.
FIRM AND PARTNER HEADLINES
Weil Gotshal & Manges and Cravath, Swaine & Moore admit data breaches
Biglaw Struggling to Protect Client’s Confidentiality in Data Breaches
*Get our new free book* Lateral Moves: A Guide for Partners & Law Firms
CORPORATE LEGAL DEPT HEADLINES
DEWEY & LEBOEUF RECENT HEADLINES
In Case You Missed It: Justice Stolz dismisses Grand Larceny charges of the remaining two Dewey Defendants
LEADERS CORNER
Most Disappointing Leaders — Fortune has named 19 leaders around the world that had terrible a 2015. And they ask you to vote for the most disappointing – how fun is that! BTW, I don’t think Tony Hsieh, Zappos, should have made the list – and happy to see he’s at least in last place for worst leader in the voting. And #1 right now? Rick Snyder, Governor of Michigan (Flint water situation). Fortune’s commentary on why each failed is instructive – worth 3 minutes to scan down through the list.
THINGS PEOPLE SAY
“Who wants to be managing the accounts payable clerks, and the billings?”
(who predicts that law firms will eventually outsource most of their nonlegal functions to cheaper providers in offshore locations, such as India.)
ECONOMICS & MARKETS
Some investors say they believe the coming months could bring an intense shakeout in the bond market, echoing the “taper tantrum” of mid-2013, as a pickup in economic growth pushes inflation higher and spurs a selloff in longer-term government debt, sending U.S. Treasury yields higher, per the Wall Street Journal.
JUST FOR KICKS
In the spirit of Outsourcing, here’s a phenomenal resource anyone wanting to delegate less costly tasks to boost productivity and profitability.
RECOMMENDATIONS
Follow Tony Hsieh via Twitter @TonyHsieh and read his book Delivering Happiness: A Path to Profits, Passion and Purpose. He is on the leading experts of corporate culture. The Zappos story is an inspiring read for any law partner wanting to take their firm to the next level.
RESOURCES & TOOLS
*Updated & Revised* – JOB HUNTING SYSTEM
How to Get Your LinkedIn Profile on the First Page Search Results
How to Get Your LinkedIn Profile on the First Page Search Results
STAY CONNECTED
“Not all readers are leaders, but all leaders are readers.” -Harry S. Truman
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