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Articles by Amy Simpson
Confidence high, but regulatory challenges remain, new report finds
Nine months after the initial stages of the March lockdown, fewer firms now describe the impact of COVID-19 on their business as "critical". Confidence levels have remained steady, with 8 out of 10 firms stating they were either "very" or "quite" confident in their outlook. But the forthcoming pressures of regulatory compliance and the substantial legal changes posed by Brexit means there is no easing of pressure on the industry.
New types of business models for the legal profession
A new report from LexisNexis assesses the competition which the Big Four accounting firms are posing to traditional law firms. In this blog, we will consider some of the alternative business models for the legal profession which may be more suitable than the partnership model in light of the competition. Alternative business structures Alternative business structures (ABSs) were licensed in 2012, pursuant to the Legal Services Act 2007.
The future of work 2025: AI, automation and the legal profession
Advances in legal tech, workflow automation and digital drafting tools are fueling discussions among legal circles. Without a doubt, tech innovation investment is accelerating at an alarming pace, with legal tech offerings starting to shape the way lawyers work, and new innovative tools popping up the world over. What happens if we take a step back, and look further afield? What is the future of the workplace? More importantly, how will our job roles be affected by these changes?
Predictive coding - what is it and how is it being used?
Predictive coding is a method of technology assisted review (TAR) used to assess the relevance of high volumes of documents for purposes of electronic disclosure (e-disclosure). How does predictive coding work? Predictive coding uses a combination of keyword search and iterative computer learning to rank the relevance of each individual document. It starts off with a human operator (such as a lawyer) who understands how to grade the relevance of a legal document for purposes of disclosure.
How has COVID-19 impacted the business of law?
According to the LexisNexis Bellwether Report 2020, the impact of COVID-19 on the confidence levels of law firms has been minimal. Six months into the pandemic, 8 out of 10 firms questioned stated that they were either 'very' or 'quite' confident in their business outlook, which is slightly higher than at the outset of the first lockdown. However, confidence has taken a knock compared to 2019 when 91% of firms were confident in their outlook.
Mental health of lawyers and COVID-19
The LexisNexis Bellwether Report 2020 has revealed that COVID-19 has had a serious impact upon the morale and well being of lawyers, which has got worse as the pandemic has dragged on. Around three quarters of law firm staff who switched to homeworking are experiencing feelings of isolation, lack of motivation and issues around communication. How has homeworking affected the morale of staff in firms?
Mental health of lawyers and COVID-19
The LexisNexis Bellwether Report 2020 has revealed that COVID-19 has had a serious impact upon the morale and well being of lawyers, which has got worse as the pandemic has dragged on. Around three quarters of law firm staff who switched to homeworking are experiencing feelings of isolation, lack of motivation and issues around communication. How has homeworking affected the morale of staff in firms?
Chatbots in legal - what are the key benefits?
Over the last few years chatbots have become increasingly prevalent on consumer facing websites, often providing a first line of customer support. The legal sector has been more tentative in adopting chatbot technology but some firms and legal teams have taken the plunge. So how does a chatbot work and what benefits can it bring? What is a chatbot? Chatbots are essentially sophisticated search engines which allow humans to query computer databases in a user friendly way.
Good tidings we bring: 10 articles for the Christmas break
LexisNexis wishes you and your family a safe and a very Happy Christmas. Whilst our customer support will be away from 24th December (pm) to 4th January, you can access our huge online guidance here (Non-subscribers see here). To keep you fuelled, check out our top 10 Christmas legal reads below… 1.
Celebrating the 2020 Bar Pro Bono Awards – our chance to say thank you | LexisNexis Blogs
LexisNexis is delighted to be sponsoring the Bar Pro Bono Awards from Advocate again this year. In this one minute video, James Harper celebrates the barristers who protect and advance the Rule of Law in the UK through their pro bono work, ensuring that people get access to timely legal support and advance when they need it most.
Covid-19 Response and Recovery: Lessons from The Law Society of Scotland’s In-house Legal Virtual Festival 2020
Covid-19 Response and Recovery: Lessons from The Law Society of Scotland’s In-house Legal Virtual Festival 2020 30 Oct 2020 | 7 min read With COVID-19 cases on the rise again and winter firmly on the way, how can we protect our organisations? What should we be considering in order to prepare our legal team, employees, supply chain, contracts and customers?
How to manage stress in the legal profession
With the effects of Covid-19, in 2020, lawyers, law firms and legal teams have found themselves working from home on an immediate, semi-permanent basis. Considering that most lawyers are able to carry the majority of their work from any location, at any time, they are arguably good candidates to take advantage of flexible working.
Financial Services Update – Q3 2020 | LexisNexis Blogs
As part of our sector-focused series, we have curated the key resources and points you need to know from this quarter’s legal updates. Understand the key articles, news stories, practice notes, timelines and upcoming webinars specific to the Financial Services sector.
Diversity progress 'painfully slow': Change the Race Ratio campaign calls FTSE companies to take action
Diversity progress 'painfully slow' on racial and ethnic diversity in corporate companies. The employers' body, CBI (Confederation of British Industry), has recently launched its Change the Race Ratio campaign, and warns that business was likely to miss the 2016 government review targets set around diversity at work.
Family Law Awards 2020 Shortlist announced
Despite the ongoing COVID-19 crisis, we have received an overwhelming number of entries to the Family Law Awards 2020, which shows how important these awards are as an opportunity for the family law community to come together to celebrate the successes and outstanding contribution of family law professionals to society. We’re delighted to announce the shortlist for the Family Law Awards 2020.
Workforce development: How to upskill your staff with technology
Legal technology is expediting change across the legal sector, particularly in the current climate, where we have seen many areas of the industry – the courts, arbitration, team management and even client meetings – radically disrupted by the effects of the Coronavirus pandemic. Recent LexisNexis research on the effect of Covid-19 on law firm operations, has highlighted that there has been a widespread adoption of new tools, with a 45% growth in firms using teleconferencing software.
Hiring in legal: What will a ‘star’ trainee look like in 2021?
The day-to-day landscape changed for the education sector in 2020; and if you add the legal industry developments into the equation, which is undergoing permanent online client meetings, homeworking, the digitisation of the courts and virtual arbitration – the phrase ‘unprecedented times’, feels firmly understated.
Risk management: What measures should I be taking to help my business prepare for a possible second wave?
Numbers of daily infections are rising and businesses are beginning to gather information around how to prepare for a potential second wave scenario. To ensure the least disruption and the most positive outcomes for your business, its staff and customers, LexisNexis' experts have compiled a Q&A document answering the tough questions you may have on your mind.
Financial Services: 5 key legal and regulatory updates - 6 February
In this issue, we have worked with our Financial Services team to handpick 5 key legal and regulatory updates for in-house lawyers. See below for instructions to sign up to the Financial Services sector blog, run by our in-house legal experts. FCA sets out issues for firms to consider during Brexit transitional period The FCA updated a webpage on Brexit which sets out issues for UK firms to consider during and after the transition period, which ends on 31 December 2020.
How to effectively manage remote teams with technology
For the legal industry, technology offers increasing potential to power faster, more efficient working practices. With greater transparency over business operations firms can have more visibility over their teams, as well as more control over cost and risk. In the current crisis, the industry has shifted to managing legal teams remotely on a more permanent basis, these potential benefits have come sharply into focus for many legal teams and firms.
Bellwether Insights 2020: Has the crisis created permanent change to legal business operations?
“There are decades where nothing happens, and weeks where decades happen.” The second article in our research series (see the first, here: Bellwether Insights 2020: Could small firms be weathering the crisis?), where we are looking at trends highlighted by our industry-wide research study, Bellwether 2020: COVID-19 and the Legal Industry.
Top 5 financial services articles for in-house lawyers
As in-house lawyers continue to navigate new waters, we have curated some of our key financial services articles, free to view from our insights blog. Click below to learn more, and see here for more information on our Financial Services guidance offering.
Research tips for working in international jurisdictions
Working across international jurisdictions? Read below to understand our tips for creating efficiencies and getting to the answers faster. Most lawyers would agree that 2020 hasn’t quite transpired in the way that many of us expected. Alongside the usual demands of the profession, and running a business, the pandemic has shifted the dial for lawyers in new ways altogether.
How to work more effectively across multiple jurisdictions
Managing an increasing workload across international jurisdictions? Read below to understand how technology can help you create efficiencies and get to trusted, reliable answers faster. Macro influences, such as Brexit and globalisation of supply chains have galvanised companies exploring new markets and expanding their cross-border business activities.
A green restart to lockdown: The trial of e-scooters
Legislative changes which came into force on 4 July 2020 allow rental e-scooters to be driven on cycle lanes, and DfT expects trials to begin by August 2020. On 30 June 2020, the Department for Transport (DfT) announced that rental electric scooters would be available for the first time in the UK as part of the government’s effort to support a ‘green’ restart o
Case Study: Co-operative Group (Co-op)
Co-op is one of the world's largest consumer co-operatives. It is owned by millions of members and employs nearly 70,000 people. With 2,500 stores, it is the UK's fifth biggest food retailer and is also the UK's number 1 funeral services provider, a major general insurer and a growing legal services business. Read below to understand what they make of our LexisNexis products. Subscribers because... The Co-op subscribe to LexisPSL and LexisLibrary in 2018, having switched from another provider.
Bellwether Insights 2020: Could small firms be weathering the crisis?
Is the overall effect of Covid-19 as bad as feared? What impact will the crisis have on ways of working, operational models and innovation? How can the legal industry rebound? Every year, LexisNexis conducts a flagship research study looking at independent law firms, as part of our well-known Bellwether Report Series. This year, without a doubt, our focus was clearly and squarely on the impact of the pandemic, conducting our study a month or two after the crisis first hit the UK.
How to manage legal compliance and risk management remotely
How to manage legal compliance and risk management remotely In the last few months, many legal teams and law firms have adopted agile working policies, which has led to fee earners and other employees increasingly working from home or at least on a more flexible schedule. Most lawyers are, by and large, able to carry on with their work remotely, as long as they have the right tools (such as, a laptop, smartphone, access to a secure online practice management or case management system and so on).
How to manage legal compliance and risk management remotely
In the last few months, many legal teams and law firms have adopted agile working policies, which has led to fee earners and other employees increasingly working from home or at least on a more flexible schedule. Most lawyers are, by and large, able to carry on with their work remotely, as long as they have the right tools (such as, a laptop, smartphone, access to a secure online practice management or case management system and so on).
LexisNexis Insights: What is the real impact of COVID-19 on the legal sector?
What is the impact of COVID-19 on legal demand? Which practice areas are the most (and least) impacted by coronavirus? On 12th June, the Office for National Statistics released the news that gross domestic product (GDP) fell by 20.4% in April, which is the highest decline on record and 10 times higher than the worst month of the 2008 recession. So, what does this mean for the legal sector? And for the performance of individual practice areas?
Career development: How to advance your career in uncertain times
In June and July this year, we have been delighted to support junior in-house counsel from multiple organisations and help them to succeed in their roles through our virtual Aspire summer sessions, in partnership with F-LEX.
Legal operations: How legal teams are adapting to meet new challenges
As the coronavirus pandemic continues to impact on organisations, legal departments have a vital role in safeguarding and supporting their companies. Often taking on far heavier workloads. This week, on Tuesday 30th June, LexisNexis held another of our in-house counsel events – our Flying Solo COVID‐19 discussion forums – hosted in partnership with Radius Law and F‐Lex.
Legal operations: How legal teams are adapting to meet new challenges
As the coronavirus pandemic continues to impact on organisations, legal departments have a vital role in safeguarding and supporting their companies. Often taking on far heavier workloads. This week, on Tuesday 30th June, LexisNexis held another of our in-house counsel events – our Flying Solo COVID‐19 discussion forums – hosted in partnership with Radius Law and F‐Lex.
5 key risk management priorities during the pandemic – Emma Dickin, LexisNexis' In-house, Risk & Compliance Specialist | LexisNexis Blogs
In June and July this year, we have been delighted to support junior in-house counsel from multiple organisations and help them to succeed in their roles through our virtual Aspire summer sessions, in partnership with F-LEX.
How to be an innovative legal team during uncertain times – Amy McDonnell, Head of Legal Operations at Vodafone Business | LexisNexis Blogs
The coronavirus pandemic continues to impact on organisations, and legal departments have a vital role in safeguarding and supporting their companies. In June and July this year, we have been delighted to support junior in-house counsel from multiple organisations and help them to succeed in their roles through our virtual Aspire summer sessions, in partnership with F-LEX.
Making the intangible, tangible: Demonstrating value as an in-house legal function
As the coronavirus pandemic continues to impact on organisations, legal departments have a vital role in safeguarding and supporting their companies. Often taking on far heavier workloads. This week, on Tuesday 16th June, LexisNexis held another of our in-house counsel events – our Flying Solo COVID‐19 discussion forums – hosted in partnership with Radius Law and F‐Lex.
Banking & Finance Update – Q2 2020 | LexisNexis Blogs
Banking & Finance Update – Q2 2020 19 Jun 2020 | 8 min read As part of our sector-focused series, we have curated the key resources and points you need to know from this quarter’s legal updates. Understand the key news stories, practice notes, timelines and upcoming webinars specific to the Banking & Finance sector.
Financial Services: What is the road map for a post-Coronavirus world?
Kim Roberts, counsel, and Penny Froggatt and Marie Hoolihan, both associates, at King & Spalding LLP, discuss what this means for financial services businesses and their workforce. A post-coronavirus (COVID-19) road map for UK financial services Law360: For those of us old enough to remember the pre-satellite navigation era, the concept of a road map conjures mixed memories—agreement over the destination, but arguments about the precise route.
Restructuring & Insolvency: The Law Society publishes LexisNexis protocol for virtual statutory negotiations
LexisPSL Restructuring & Insolvency have worked in partnership with Phillip Patterson of Hardwicke to create a new protocol for making and administering statutory declarations in insolvency proceedings by video conference. The protocol takes into account the Temporary Insolvency Practice Direction (TIPD) and assists practitioners with remote statutory declarations during the coronavirus (COVID-19) pandemic.
Restructuring & Insolvency: The Law Society publishes LexisNexis protocol for virtual statutory negotiations
LexisPSL Restructuring & Insolvency have worked in partnership with Phillip Patterson of Hardwicke to create a new protocol for making and administering statutory declarations in insolvency proceedings by video conference. The protocol takes into account the Temporary Insolvency Practice Direction (TIPD) and assists practitioners with remote statutory declarations during the coronavirus (COVID-19) pandemic.
Financial Services Update - Q2 2020
Financial Services Update - Q2 2020 As part of our sector-focused series, we have curated the key resources and points you need to know from this quarter’s legal updates. Understand the key news stories, practice notes, timelines and upcoming webinars specific to the Financial Services sector.
Financial Services Update - Q2 2020
Financial Services Update - Q2 2020 12 Jun 2020 | 6 min read As part of our sector-focused series, we have curated the key resources and points you need to know from this quarter’s legal updates. Understand the key news stories, practice notes, timelines and upcoming webinars specific to the Financial Services sector.
LexisNexis, the rule of law and diversity
LexisNexis UK supports equality, and believes in building a global culture of inclusion, fairness and mutual respect every day. Our contribution to this is through our work to advance the rule of law – the foundation for the development of peaceful, equitable and prosperous societies. We are all equal before the law.
LexisNexis, the rule of law and diversity
LexisNexis UK supports equality, and believes in building a global culture of inclusion, fairness and mutual respect every day. Our contribution to this is through our work to advance the rule of law – the foundation for the development of peaceful, equitable and prosperous societies. We are all equal before the law.
COVID-19, The Rule of Law and Charities
The first of the Solicitors Regulation Authority (SRA) principles is that solicitors should act “in a way that upholds the constitutional principle of the rule of law, and the proper administration of justice.” This is particularly important for lawyers working in the charitable sector, since charities often play an integral part in upholding the rule of law within society - but what does the ‘rule of law’ actually mean? What is the rule of law and why is it important?
COVID-19, The Rule of Law and Charities
The first of the Solicitors Regulation Authority (SRA) principles is that solicitors should act “in a way that upholds the constitutional principle of the rule of law, and the proper administration of justice.” This is particularly important for lawyers working in the charitable sector, since charities often play an integral part in upholding the rule of law within society - but what does the ‘rule of law’ actually mean? What is the rule of law and why is it important?
Covid-19 and cyber scams: A crisis on the rise
Michael Carroll and David Thompson of Signum Services, the in-house investigative arm of UK P&I Club issues this reminder to colleagues, Members and their staff to be extra vigilant, alert and cautious during this Covid-19 period when confinement orders in place in many countries are requiring staff to work from home from their personal laptops and computers.
Covid-19 and cyber scams: A crisis on the rise
Michael Carroll and David Thompson of Signum Services, the in-house investigative arm of UK P&I Club issues this reminder to colleagues, Members and their staff to be extra vigilant, alert and cautious during this Covid-19 period when confinement orders in place in many countries are requiring staff to work from home from their personal laptops and computers.
How to start your own law firm
Working from home full-time has fast-tracked a new perspective for many of us. Freedom from the commute, less office politics and no more drawn-out operational meetings with stale sandwiches has given many lawyers a taste of working with more flexibility and independence. If you relish having more control over the type of work you do and the type of clients you deal with, perhaps it’s time to think about starting up on your own?
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