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Frederic S. Ury Ury & Moskow, LLC Fairfield, Connecticut.

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Presentation on theme: "Frederic S. Ury Ury & Moskow, LLC Fairfield, Connecticut."— Presentation transcript:

1 Frederic S. Ury Ury & Moskow, LLC Fairfield, Connecticut

2  Change in every industry is occurring faster than ever before.  Not just change but disruptive change.  Lawyers are not exempt..

3  Legal and ADR services are not going to disappear. They will be delivered differently.  Mail: Pony Express- - text-  Music, news, books, consumer products, and consumer services.  Border’s Books and Blockbuster.  Television, Cable and Net-flicks.

4  1,123,000 law office jobs  100,000 prospective students.  54,000 fewer jobs since  Law school applications are down 50%

5  Globalization/regulation  Technology  Nature of clients  Demographics

6  Over one million lawyers in India are willing to work for $ per hour.  Outsourcing overseas and insourcing in the US.  Ethics 20/20 changes concerning supervision.  We are a net exporter of legal services by billions.

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9  Bought by Thomson Reuters.  In 2011 opened a 400 seat office in Texas.  Outsourcing is returning to the US because of a glut of newly minted attorneys who would rather work for $50,000 than not work at all.

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12  Australia --publicly traded law firms.  The UK --Legal Services Act, ABS, Multi- Disciplinary Practices & passive non-lawyer investment.  Legal disciplinary practices may have up to 25% non-lawyer owners or managers.  Borderless practice in Europe, Australia & Canada.  Ontario licenses and regulates paralegals.

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15  Same model for over 200 years.  Jacoby Meyers law suit.  MDP in District of Columbia.  Licensing Paralegals in the State of Washington.  Change is slowly happening.  Ethics 20/20—the art of the possible.

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18  Nothing has impacted the law like technology. 24/7 accessibility.  Small firms can compete with large firms for large transactions or complex litigation.  Law firms have the same law library  Clients have the same access.

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22  E-law firms, + outsourcing + co- sourcing =network of law firms.  UPL and regulatory considerations.  Cloud computing and confidentiality.  Grads who cannot find work are opening virtual law firms without mentoring.  Ethics 20/20 technology rules.

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27  The internet is the primary source for information. Webmd and legal sites.  This generation has grown up using the internet to research, study, shop, socialize, and play.  Music, newspapers, and books.  Knowledge is available for free.  These sites are owned by non-lawyers.

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41  Technology that is a disruptive change.  True access to justice will occur when the ability of computers to search combined with artificial intelligence allows anyone to answer complex legal problems quickly and easily.

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70  Combination of arbitration and mediation  Pre-select arbitrator and mediator  Start with mediation and if cannot agree go into arbitration.  Some issues can be resolved and others sent to arbitration.  Can be same for mediation and arbitration or two different people/panel.

71  Start arbitration process.  After a portion of the hearing…could be a summary of positions or more testimony  The parties meet with a mediator to attempt to negotiate a resolution after hearing part or all of each others case.

72  Comprehensive arbitration  Expedited process with limited discovery.  Fixed fee arbitration.  Bracketed Arbitration: High/low

73  What are you going to be able to charge for?  What is going to be available for free?  This new generation is used to getting their intellectual property (books and music) for free.  Why not dispute resolution systems?

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75  1960’s45% corporate, 55% individuals  % corporate, 40% individuals  % corporate, 29% individuals  Originally, this change meant higher income for lawyers because corporations paid more.  But, corporations are increasingly inclined to drive down the cost of legal services and lawyers have priced themselves out of the market for middle income clients.  Source, Prof. Thomas Morgan, GWU School of Law

76  74% Private practice  8%Corporations  8%Private Industry  3%Judiciary  1%Legal Aid/Public defender  1%Education  1% Private association  5%Retired/Inactive Information provided by Hinshaw & Clubertson LLP

77  48%Solo  15%2-5 Lawyers  7%6-10 Lawyers  6%11-20 Lawyers  6%21-50 Lawyers  4% Lawyers  14%101 plus Lawyers

78  Clients expect law firms to reduce legal expenses.  Is the billable hour going to replaced by fixed fees, blended rates, or result oriented billing?  Corporations and individual clients are not paying for first year associate.  Looking for less expensive: ADR  But ADR is becoming as expensive as court.

79  More strapped litigants skip lawyers in court. Wall Street Journal, July 22,  In CT 85% of divorces have one self- represented party.  10% of criminal cases in CT have private counsel.  We need a new business model.  Opportunity for ADR providers.

80  Overseas regulation changes.  Non lawyer ownership in US  Ethics 20/20 white papers on Alternative Business structures.  Pro bono models.  Low bono model.

81  55 percent of lawyers are baby-boomers.  They are approaching retirement age. Can they afford to retire?  Fewer lawyers are entering the profession.  How will fewer attorneys impact CLE providers and bar associations?  Ethics and regulations for an aging bar.

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84 Rank by Surplus Ann. Jobs Bar Passers Grads Surplus Wages 1. New York $ Massachusetts $ Connecticut $ Rhode Island $ Maine $ New Hampshire $ Vermont National 26,239 53,50844,159 27,269 $44.22

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92 New Mexico Bar demographics 2007 and 2011

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113  The End of Lawyers? by Richard Suskind  The Vanishing American Lawyer by Professor Thomas Morgan  Tomorrow’s Lawyers, by Richard Suskind  Essential Qualities of the Professional Lawyer, Written by 19 authors. To be published by the ABA in August 2013

114  Frederic S. Ury  Ury & Moskow, LLC  883 Black Rock Turnpike  Fairfield, Connecticut  Telephone:  Fax:   Website:


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