Mon.Nov 02, 2020

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Debt Collectors Profit Because of COVID and Want More Money

Diane Drain

Debt collectors doubled their earnings – all thanks to COVID-19. 10/5/20 According to an article in ProPublica, debt collections have made a fortune this year due to the COVID stimulus monies. Those who really needed those funds used them to pay past-due debts, rather than saving the money to pay rent, utilities, food, health care and other very important necessities.

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Case of the Day: Banca Pueyo v. Lone Star Fund IX

LettersBlogatory

The case of the day is Banca Pueyo S.A. V. Lone Star Fund IX (US), LP (5th Cir. 2020). The case addresses an important point about § 1782 procedure, namely, when a decision is sufficiently final to permit an appeal. I preface the discussion by saying that if you find yourself in a § 1782 appeal, you’re probably not where you want to be.

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Lookback 2020: The Biggest Takeaways for Attorneys

MyCase

2020 was perhaps one of the most disruptive years for law firms in recent history. Unforeseen events limited the access to physical offices, closed state and federal courts for an indeterminate period, and accelerated the adoption of virtual processes in lieu of in-person interaction. And while many firms struggled to stay afloat, others adapted with ease in ways that all practices can replicate.

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Will You Be At The IBA?

LettersBlogatory

The IBA Convention is being held virtually this month. The Convention is usually a chance to visit a terrific city and spend at least as much time meeting colleagues informally as you spend in the formal sessions. The IBA is trying to replicate some of that with virtual networking sessions, but I’m not sure if it’ll be the same. I am looking forward to a few sessions in particular: “Courts: allies.

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Transforming eDiscovery: Document Summarization, Sentiment Analysis, And Chatbots Take Center Stage

A Synergistic Approach to eDiscovery In the space of eDiscovery, the convergence of document summarization, sentiment analysis, and chatbots represents a significant change in how legal professionals navigate and manage electronic information. These technologies not only expedite the review process but also empower legal teams with deeper insights into the emotional context and key information within electronic documents.

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One Entry to Rule Them All: It’s Time to Ditch Your Old School Time and Billing System

NCBA Law Practice Management Blog

Many law firms still operate with pen - and - paper time and billing system s ; but, that’s like a recipe for losing money. Of course , there’s no time like the present to change your ways, and recapture more of the money you make. There are two moves you can apply, in short order, to revise your time and billing practices , that will combine to change your (work) life: (1) Move to a single-entry system for billing; (2) Get a law practice management software system in place.