Archive: March, 2010
I love a good home cooked meal. Fresh ingredients and loosely followed recipes mean that no two meals are ever identical. Flavors, textures and intensities always vary. Fast food is the opposite – any Big Mac that you order anywhere in the world will be virtually identical. You always know exactly what you’re going to get. And Hilton (Conrad rather than his great-granddaughter Paris) applied the same principal to his chain of hotels.
What’s this got to do with contracts? Contracts should be more like fast food than home cooking. You’re striving for consistency, quality and repeatability – uncontrolled variation from agreement to agreement is undesirable as it inevitably exposes risk.
We’ve been getting asked one question with increasing regularity over the past couple of months. How is Exari affected by Microsoft Word’s patent infringement?
A colleague recently shared this wordle of The Exari Blog and it got me thinking. As the de facto editor of the blog, it contained information that I found very interesting. For one thing, it reaffirmed to me that we are sticking to the issues we think most interest our readers – please correct me if I’m wrong.
The 2009 results of the AM LAW 100 describes a scenario of double digit revenue decreases for the majority of firms. The good news is that revenue per partner and profit per partner did not fall at the same precipitous rate. The bad news is that these measures were largely managed primarily through headcount reduction, compensation cuts, and fewer lawyers achieving partnership status. Adding to this bad news is the emergence of the alternative fee revenue model, the pressure on law departments to cut their external legal spend, and a general downturn in the economy.