Share to Twitter Share to Linkedin Getty Royalty Free Getty How will the legal industry be affected by the next recession? The thought came to mind several times recently as the stock market recorded its worst December since the Great Depression . Stocks have rebounded during the early weeks of 2019, but political turmoil at home; Brexit and its chaotic implications for the UK, Europe, and beyond; the slowing Chinese economy and the threat of a U.S.-China trade-war; and other destabilizing factors remain. So too does the question of what happens to legal providers when the other shoe drops again. The Impact of 2008 One way to predict the future is to examine the past. How was the legal industry affected by the events of 2008 and its aftermath? Ten years after the collapse of Lehman Brothers and the global financial crisis it precipitated, the contours of today’s legal landscape remain superficially similar to the pre- 2008 marketplace. … [Read more...] about How Will Legal Providers Be Affected By The Next Recession?
Which decisions are affected by performance appraisals
Share to Twitter Share to Linkedin Last spring, the Biden administration proposed revising the federal Charter Schools Program in ways intended to stymie charter schools, especially those operated by for-profit providers. After enormous pushback, the Department of Education walked back some of its more heavy-handed efforts to micro-manage racial composition and let traditional school districts veto charters, but it stood firm when it came to attacking “for-profit” charter schools. This wasn’t wholly surprising. The 2020 Democratic Party platform called for a ban on all federal funding for for-profit charter schools, asserting that “education is a public good and should not be saddled with a private profit motive.” During the 2020 campaign, more than 200 prominent progressive activists signed an open letter to Biden urging an outright prohibition on “for-profit” schools. These attacks are predicated on the assumption that a school’s tax status tells us … [Read more...] about New Study Finds For-Profit Charter Schools Offer More Instruction, Better Results
Share to Twitter Share to Linkedin A personal concern that spills over into the workplace? A vestige of childhood that inhibits adult life? Managers who use such rationalizations to deem their teams’ mental health issues as irrelevant to their job do so at their own peril. Job-related stress that was described by the CDC in 2019 as “negatively affecting employee job performance and productivity” is now, in 2022, endemic—and it’s not a spillover from workers’ personal lives. Burnout and other stress-related symptoms affect 91 percent of respondents to a Deloitte survey , asserting that an “unmanageable amount of stress or frustration negatively impacts the quality of their work.” Psychologist Hammad S. N’cho, who specializes in front-line trauma response, told Wharton management professor Stephanie Creary during an episode of her Leading Diversity at Work podcast that the solution is a “trauma-informed management strategy” that “encourages … [Read more...] about Mental Health Is A Business Issue
Share to Twitter Share to Linkedin Warren Buffett's lesser known right hand man Charlie Munger once said, “If you’re going to invest in stocks for the longer term, there are going to be periods when there's a lot of agony. I think you just have to learn to live through them.” The Pump & Dump The last ten months have been very rough to say the least if you are a stock investor. The S&P 500 Index is down 22 percent year to date, but that isn't representative of the base of the 24 million new investors that have come to the market in the last two years. Many popular held stocks are down a great deal more and the technology sector has been decimated. Investors have been heavily selling off growth businesses on the theory that the companies that performed best during boom times will be disproportionately affected by the rising interest rates and inflation we are now enduring. The NASDAQ is down 30 percent year to date. We are having a very … [Read more...] about Wealth Can Be Created On The Way Down In The Stock Market. It’s Just Not Obvious. Here’s How.
Share to Twitter Share to Linkedin New and rising business leaders would do well to not undervalue their professional connections; these key relationships can ultimately impact your career trajectory or future business strategy. Filling a gap in your broader network could be the key to getting an excellent employee referral or landing your dream job. The truth is, however, people approach relationship building in the business world a little differently than in other settings. Learning about these differences from other leaders who have successfully built thriving networks can help you create stronger relationships in all of your professional endeavors. Below, 14 members of Forbes Coaches Council share unique aspects of building relationships in the business world and how the dynamics they create affect new leaders who are trying to forge meaningful connections with direct reports, colleagues and prospective partners. 1. Understanding The Bigger Picture … [Read more...] about 14 Unique Aspects Of Building Relationships In The Business World
Share to Twitter Share to Linkedin Getty Royalty free Getty Not long ago, Axiom was often touted as law’s next big thing. The on-demand corporate legal talent company that launched in 2000 has enjoyed nearly two decades of expanding revenue, client base, talent pool, and brand recognition. Still, the industry spotlight long cast on Axiom has shifted in recent years to other legal service providers, notably The Big Four, United Lex, and Elevate. This has caused many in the industry to question: “What’s up with Axiom?” Spoiler alert: Axiom is doing just fine. It serves more than half of the Fortune 100, reported 2018 revenue run rates of $360M; has a curated talent platform of approximately 2,000 lawyers/professionals across seven countries and three continents, and a well-established global brand. Axiom is highly selective—only 5% of attorney applicants are hired. Axiom’s legal team is not only highly pedigreed but also experienced. Axiom … [Read more...] about What’s Up With Axiom?
Share to Twitter Share to Linkedin Shutterstock Lawyers are taught to strive for perfection. That means crafting impeccable memoranda with more-than-ample precedent, syntactical precision, and just the right number of erudite footnotes. That’s great if one is submitting a brief to the Supreme Court, but it’s overkill if the forum is Small Claims Court and a pro se litigant is on the other side. Voltaire cast perfection this way: ‘The best is the enemy of the good.’ Not all matters merit the time—and cost—of perfection. Sometimes good is good enough. Lawyers only recently received the memo, and many have failed to read it. While attorneys have an ethical duty to provide competent and zealous representation, that does not mean that a ‘scorched earth’ approach is presumptively warranted or that lawyers are the default resource for all tasks they define as ‘legal.’ Legal Practice and Legal Delivery Are Two Different Things Lawyers parse words … [Read more...] about When Good is Good Enough: Finding The Appropriate Legal Delivery Resources
Maya Bay on Koh พีพีเล in Krabi province has reopened to the public. The iconic bay had been closed to tourists to allow for environmental recovery. … The closure will be an annual occurrence to try to protect the ecology and wildlife living or visiting the iconic bay. Maya Bay exploded in popularity after serving as the picturesque backdrop to the 2000 film “The Beach” starring Leonardo DiCaprio. Millions of tourists flocked to the site doing significant damage to the nature they were coming to see. As much as 50% of Maya Bay’s coral was destroyed by years of unrestricted tourism, ….with as many as 6,000 people visiting the bay every day at the bay’s height of popularity, …prompting its sudden closure in 2018. After nearly 20 years of environmental abuse and damage, the bay remained closed for three and a half years, …in part during the Covid-19 pandemic. Officials for the national park said that the climate during this season … [Read more...] about Thailand News Today | Foreigners anger Chiang Mai locals for kissing in temple
Share to Twitter Share to Linkedin Per, Founder/CEo of Sjofors & Partners is called “The Price Whisperer” and THE thought leader on using price for higher growth & profits. In my opinion, most companies use a too-simplistic pricing strategy. It may be cost-based—i.e., the company calculates the cost of a product or service and then adds a margin on top to ensure that it does not sell at a loss. Different industries typically use margin uplift based on a rule of thumb in their industry, and companies also apply that margin uplift equally to all their products or services—irrespectively if they are commodities or unique, differentiated products or services. Or, companies try to find out the competition's price and then use that as a reference. Finding the price might be possible if the competition has its prices available online or on store shelves. If not, it can be almost impossible to obtain the competition's price. And even if the … [Read more...] about Putting Pricing Strategy As A Centerpiece Of Your Business
Share to Twitter Share to Linkedin I've been stuck at the same level for the past 8 years and would love to learn how to push beyond that and be considered for roles at the next level (both internally and externally). I often am pursued by recruiters for roles that I've done in the past, which makes me believe that the work I am showcasing on LinkedIn and my resume is not reflective of where I want to go. – Rebecca, tech lead 1 – Stop worrying about your resume and LinkedIn profile (till Step 4) In general, your best bet for growth in the immediate term is your current employer, rather than some outside recruiter discovering you. You do want an updated resume and optimized LinkedIn profile that showcases your potential and gives prospective employers enough compelling information that they’ll want to talk to you. But these documents are just a start in a long vetting process for senior roles. As a first step, get your current employment … [Read more...] about 5 Steps To Take When Your Career Has Stopped Growing