Wilson Sonsini Goodrich & Rosati announced last month that it had teamed up with Workiva Inc. to create an application that automates the S-1 form that companies must file with the U.S. Securities and Exchange Commission when going public.
Priori is an online platform known for using data and technology to connect in-house legal teams with lawyers and law firms who can assist with a wide variety of projects. But Basha Rubin, CEO and co-founder at Priori, says the company noticed that clients were sometimes turning to its online marketplace for help with problems that “might be best solved by a ‘new law’ company or a nontraditional legal provider.”
Shortly after Jacqueline Schafer entered the courtroom for the final hearing in an asylum case that she was litigating several years ago, she sensed that the judge was not sympathetic to the claims of her Honduran clients.
When Joyce Tong Oelrich and her former Microsoft Corp. colleague Zohra Tejani discussed starting their own law firm two years ago, the experienced in-house lawyers agreed that they should take a subscription-pricing approach with clients.
When the spread of the novel coronavirus last spring prompted traditional law firms across the country to shutter their physical offices amid much economic uncertainty, the management team at cloud-based law firm FisherBroyles had very different concerns on its radar. The team wanted to make sure that the firm was ready to quickly ramp up hiring.
With the shift to virtual recruitment amid the COVID-19 crisis, the speed at which law firms vet and hire lateral partners has increased, according to Michael Ellenhorn, the founder and CEO of Decipher. But Ellenhorn, whose company helps legal industry clients evaluate potential hires, says law firms would be wise not to quicken the hiring process too much.
As states such as Utah and Arizona have approved opening up their legal marketplaces to alternative business structures in recent months, there has been speculation that the Big Four accounting firms would be among those seeking to take advantage.
Just before students at the University of California at Irvine School of Law were set to return from spring break in March, the university decided that all classes would be moved online because of the spread of COVID-19.