Today, Hence Technologies was announced as a winner of Zurich Insurance‘s Global Innovation Championship. Out of 3,500 applications, Hence joins 12 other winners in applying cutting-edge technology to pushing the insurance industry forward. In particular, Hence is focused on how enterprises select and work with lawyers at scale. This is a massive challenge in the insurance industry where …
The global COVID-19 pandemic, conflict in the Ukraine, rising inflation and interest rates, debt levels, and volatile food and fuel prices, among other things, are creating acute macroeconomic headwinds. So it’s perhaps no surprise that corporate desire for greater agility and flexibility in response to geopolitical instability is the No. 1 factor considered to have …
One of the great paradoxes of the legal profession is that lawyers are stereotyped as allergic to technology while simultaneously being at the bleeding edge of the way society interacts with technological advancement. The Association of Corporate Counsel Annual Gathering in Las Vegas, which I attended last week, provided a first-hand opportunity to explore this …
Revantage, which provides leading corporate services to portfolio companies of one of the most prominent private equity firms, has partnered with Hence Technologies to transform how they use data to establish, evaluate, and build relationships with external law firms. Revantage’s team, from paralegals to attorneys (including the Chief Legal Officer), are using Hence to quickly …
There’s a bit of geopolitically triggered whiplash going on in the market for legal talent. After more than a decade of easy money and fiscal stimulus, the global economy was dealt a COVID-19 curve-ball. As the virus took hold across the world in 2020, governments pumped untold amounts of money into their countries to keep …
It’s not often that you open up the New York Times and see a major investigative story on a Biglaw firm. But in late August, the NYT Magazine ran a sprawling story on how Jones Day purportedly reshaped the American judiciary by masterminding and orchestrating the appointment of a massive number of conservative judges, including no less …
Corporations must look inside to define their own value system with respect to managing external counsel. Following this, the company is prepared for technology to help drive that alignment.
What do the legal departments of Volkswagen, Ikea, Jones Lang LaSalle, Citibank, and Caterpillar all have in common? Some amount of their legal work in Russia may have been made public this summer by hactivist group Anonymous’ action against Russian law firm Rustam Kurmaev and Partners, also known as RKP Law. I had written in Harvard Business Review about …
Last week, Sean wrote about the importance of values and ethics of the law firms providing services for corporate counsel, noting that, “97% percent of corporate counsel leaders told us they would take action if they discovered a law firm they were working with did not meet their ethical or values criteria.” This brings up interesting questions …
I’ve written previously about the rising importance of ethics in the selection of external counsel. Now I’ve got fresh proprietary data to back it up. I’m continuously hearing that law departments want greater alignment with their external law firms. It’s no longer good enough for Biglaw partners to do good work and serve as golf buddies. Corporations …
