Why Big Law's Outsourcing Associate Training: The Morning Minute
The news and analysis you need to start your day.
October 26, 2023 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
OUTBOUND TRAINING - It's true that young lawyers can learn a lot just by observing their more seasoned counterparts, but it's also true that osmosis alone doesn't cut it for young associates nowadays. They want specific, hands-on instruction for the tasks they're being asked to complete. Unfortunately, not all partners crave the extra work of coaching young lawyers, nor do they want to pass the cost of remedial training onto clients. The solution? As Law.com's Dan Roe reports, third-party providers are stepping in to help law firms get associates up to speed on key tasks without detracting from partners' billables.
'NO' IS A FOUR-LETTER WORD - A new study has found that legal departments are still very much battling the perception of being slow-moving and afraid of risk—so much so that business units intentionally keep legal in the dark on new initiatives until the key decisions have been made. So how can a legal department avoid playing the proverbial Toby to the rest of their organization's Michael Scott? "What I often recommend is, first of all, you should train your in-house legal staff to never say, 'No,'" Ken Callander, managing director of legal consulting firm Value Strategies, told Law.com's Trudy Knockless. "You say, 'Let's work with you to figure out how to make this work. I understand what you're trying to do. That's great. We're part of your team, and we're going to help you figure that out.'"
ON THE RADAR - Fortive Corp., an industrial technology conglomerate, announced that it has entered into a definitive agreement to acquire EA Elektro-Automatik Holding GmbH (EA), a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, for $1.45 billion in cash. The transaction, announced Oct. 23, is expected to close in the early first quarter of 2024. Counsel information for EA was not immediately available. Fortive, based in Everett, Washington, was advised by Freshfields Bruckhaus Deringer. Morgan Stanley and JPMorgan Chase acted as financial advisers to the company. Stay up on the latest state and federal litigation, as well as the latest corporate deals, with Law.com Radar.
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