A survey by RELX Group suggests that only 44% of the polled legal senior executives offered employee training on big data. That’s astonishing. The law industry is known to be conservative, while other industries compete to modernize. The law industry must change and adopt new technologies in the digital age. In our recent blog, we offered some tips on assessing the technology state of your law firm. As part of the modernization of law firms, we are diving in-depth into the use of data and analytics in law firms. Analytics could help law firms improve their performance, and increase their bottom line, thus giving them an advantage over other law firms. Here are some tips.

Lately, everyone is talking about how Elon Musk acquired Twitter after the Twitter board initially adopted a poison pill but eventually decided to sell anyway. So what is a poison pill, and how does it work to prevent a hostile takeover? What is a hostile takeover anyway? Are there other ways for a company to protect itself from a hostile takeover? Let’s do a deep dive here.

Last week, I spent a few days in New York City talking to law school classmates and previous lawyer colleagues about how they do their work. It’s interesting that in Silicon Valley, we have entirely transformed how we work and interact in the past 10 years. However, law firms are still playing catch up, even the biggest ones. So if your firm works with startup clients, how do you find them, work well with them and make them happy? Here are a few tips.

Lately, we have been writing a lot about legal tech and in particular CLM. If all this seems to be new information to you, you may need some help assessing the technology state of your firm and finding some solutions. Here are some steps.

Our last article gives you an overview of the various legal tech applications. If you don’t have any system yet, one of the first things we recommend you implement is a Contract Lifecycle Management system or CLM. Here is what a CLM is and why you need to implement one right away.

We can use technology to help lawyers manage, automate and excel on repeatable, pre-programmable processes. This way, they are freed from all these tedious tasks and they can focus on what they do best: drafting, listening (and empathizing if you are a good lawyer) with clients, negotiating, and maybe litigating in court. Let us do a deep dive into the current various kinds of legal tech companies. Finally, we’ll highlight why it is crucial for law firms to embrace all these technologies.

If your startup makes or sells something physical, you obviously understand why you need people who are professionals to buy things and even run a supply chain. How about software startups? Don’t they just subscribe to tools and software online? What happens when you start to scale? What values do procurement professionals bring, be it hardware or software? Why will a startup eventually need procurement professionals?

One should make arrangements about his or her assets, the proceeds of life insurance policy, and burial. While many of these topics are unpleasant to have or seem morbid to a healthy person. Tragedies could happen to any of us and we don’t want to rely on our luck with our surviving spouse’s morality and character alone. Get a lawyer to help you set up a will, trust, irrevocable trust, or living will.

Startups need to establish their strategic advantages and compete effectively with much stronger counterparts. One of the ways for startups to build a barrier of entry is through intellectual property, aka IP. In this article, we will explain in detail how startups establish their strategies in various areas of IP such as trademark, patent, copyright, and trade secret.

Today, I was talking to my colleagues about why I was often hated in corporate America. Of course, over the years, I learned my lessons and started to play the game better. However, the same traits for which I was often hated turned out to be very helpful when I started my own company. Here they are.

Granted, business school was much “easier” in terms of being less intellectually challenging and requiring less memorization. However, I developed useful knowledge and skills that were never even addressed in law school. Of course, when I started working, first in Big Tech and then for startups in the Valley, I had to learn and teach myself many other skills. So, what are the things I wish I had been taught in law school?

In the legal field, the term layperson refers to someone who is not a lawyer. While this term may seem slightly condescending, there are things that laypeople often do that a lawyer never would. In my opinion, based on my legal background and my business experience as a procurement executive, here are some things that a lawyer or a savvy businessperson would never do.