By: Gregory P. Bufithis, Esq. Founder/CEO
19 November 2013 – The biggest news last week was probably the IBM announcement that it was offering Watson’s machine-learning system in the cloud, thereby expanding artificial intelligence’s (AI) frontiers and also monetizing the work as it happens. More importantly, IBM’s Watson announcement is significant, not necessarily because of the sophistication of the Watson technology, but because of IBM’s ability to successfully market the Watson concept. I have just finished the new book Smart Machines: IBM’s Watson and the Era of Cognitive Systems by Steve Hamm (IBM Communications Strategist) and John Kelly (IBM Research Director) so the announcement was very well timed.
… Read the rest
25 October 2013 - In the past two weeks we have been swamped by Posse List members who have asked “should I submit my resume to a Craigs List ad when the employer is unknown?”
We have been emailing members individually so we thought at this point we’d send our thoughts to the list.
Obviously The Posse List is not the only entity posting contract jobs. We have 227 staffing agencies, law firms, corporations, government entities and NGOs posting jobs with us. And many times they also post the same job on Craigs List, Indeed.com, LinkedIn, Yahoo Jobs, etc., etc.
And there are a lot of agencies who … Read the rest
23 September 2013 - We have done a fair amount of reporting on the In re Citigroup Inc. Securities Litigation, a shareholder lawsuit against Citigroup which involved a lot of guns and fire over contract attorneys, a move by a shareholder to challenging the firm’s fees as excessive.
Kirby McInerney, a New York-based plaintiffs’ firm, represented shareholders who in 2007 brought a class action in Manhattan federal court accusing Citigroup of hiding tens of billions of dollars in toxic mortgage assets. Citigroup agreed last year to settle the lawsuit for $590 million.
The agreement resolved claims for massive losses after the bank failed to take timely write-downs on collateralized … Read the rest
15 August 2013- Ummm … not to put too fine a point on it but where was the DOJ when Continental Airlines announced the merger between Continental and United Airlines in 2010? So now the government is putting its foot down on rising airfares and fees by blocking the latest airline merger? For fliers, it’s already too late.
The timing is cool, though. On Tuesday we attended a briefing held by McKinsey on the merger and we got a nice “history of the U.S. airline industry and antitrust” in a nutshell. The American-US Airways merger would create the world’s biggest airline and help propel American out of bankruptcy … Read the rest
24 July 2013 – A new website aims to make it easier for would-be law students to research how graduates of different law schools are faring in the jobs market. The website is called Law Jobs: By the Numbers and you can access it by clicking here.
It allows students to search and compare law schools’ employment rates using preset or personalized formulas, according to a review by Robert Ambrogi’s LawSites (click here).
Searches can be based on formulas used by groups such as Law School Transparency or U.S. News & World Report, or based on a user’s tailor-made search for, say, full-time, JD advantage … Read the rest
21 June 2013 – Bloomberg Law’s Lee Pacchia interviewed NALP’s Executive Director James Leipold about NALP’s recently released annual report on the job market for law school graduates. See NALP’s fairly detailed selected findings press release at Law School Class of 2012 Finds More Jobs, Starting Salaries Rise— But Large Class Size Hurts Overall Employment Rate.
… Read the rest
20 June 2013 – We hit of a bit of a milestone this past week: 70,000+ subscribers. And that’s across all of our listservs world-wide. Every day we receive requests from subscribers and vendors to provide information about our listservs demographic profile. The following is an overview. This information will be updated over time as we incorporate more details and update subscriber numbers.
The Posse List is a member of The Project Counsel Group (“the Group”). The Group maintains a wide range of information listservs and job listservs besides those of The Posse List but all information listservs and job liservs for all members of our Group are managed … Read the rest
“The Current Landscape of Technology Assisted Review”
Date and Time: Thursday, May 30, 2013 11:00 AM – 12:00 PM EST
Since the issuance of Judge Peck’s Computer Assisted Review Opinion and Order on February 24, 2012, there have been a number of new developments and additional court rulings. As Judge Peck concluded, “what the Bar should take away from this opinion is that computer-assisted review is an available tool and should be seriously considered for use in large-data volume cases where it may save the producing party significant amounts of legal fees in document review. As with keywords or any … Read the rest
20 May 2013
- Interesting piece in today’s National Law Journal
on how law schools are expanding their programs for non-lawyers. They lead with Emory law school which is among nearly 30 law schools that have or soon will offer a master’s degree for non-lawyers, up from just a handful two years ago.
The programs differ slightly in name, structure and cost, but they generally are marketed to working professionals. The programs typically cost about the same as one year of J.D. tuition, with some priced slightly less.
LL.M. programs remain a robust source of growth, but law schools are not … wink, wink, nudge, nudge … not entirely motivated by the … Read the rest
14 May 2013 – A federal judge in New York approved a hotly disputed fee for lawyers who negotiated a $217 million settlement with Madoff “feeder funds,” but only after leveling harsh criticism at the firms for trying to obtain excessive markups for low-paid contract attorneys.
In a 43-page opinion issued last week, U.S. District Judge Colleen McMahon rejected the New York Attorney General’s objection to a $40.7 million fee request from lawyers led by Lowey Dannenberg who obtained the settlement from Ivy Asset Managment on behalf of pension funds that lost money in the Bernie Madoff swindle.
The NYAG argued the fee was excessive because the state … Read the rest