This summary from the New York Times gives a good background of the history of the Crimea. This seems to be one of these Classic European border disputes about a place the rest of the world could care less about.
I guess the whole world can now go to war over this silly little European dispute.
I mentioned previously that I had also looked at desktop software for practice management. Most desktop practice management programs seem to think time and billing components are for a separate program (or a separate fee to enable an integrated program), but I will deal with them as one program where possible, since I view time and billing as one of the primary purposes of practice management software.
This product from Thomson Reuters looks good, but is simply astronomically expensive. They won’t sell you fewer than four licenses at a time and have crazy annual maintenance charges.
Once I heard the prices I decided not to do a demo. It does look like a very capable program from the videos on their website.
Things I like: excellent Outlook integration, full general ledger accounting built in, so you can drop Quickbooks, document assembly, rules based calendars and quite customizable.
Things I don’t like: requires SQL server so probably a pain in the neck to set up and use.
Doesn’t integrate with Quickbooks if you want it to.
Many of the integrations are for products only used by larger firms.
Overall, this looked like a good product, but the pricing kept me from taking an in depth look. If you are willing to spend 5-6k up front and 1100 per year in maintenance, then give them a look.
To continue my series on law practice software, and as I noted in my article I still have not gotten to see Westlaw Firm Central. A Westlaw representative did call me and offered me a lengthy free trial period for Firm Central, which hopefully will start soon.
UPDATE 3/5/14: I finally signed an agreement for a six month free trial of firm central with their time and billing component. Will post my thoughts soon.
While I left it out of my article on legal practice management software, there was more than just frustration with Clio’s inefficient workflow (to use a terrible word – Clio is just inefficient). The issue I had was the security of my data. I had always assumed that Clio, like other cloud providers, had it in their interest to keep my data safe. Then I allowed a third party software vendor that integrates with Clio’s API (application programming interface – a mechanism for allowing third parties to program their software to use the data in Clio).
Essentially, Clio’s API is structured so that once a vendor is authorized by a Clio user to access that user’s data (and it is simple to authorize, just click a big button), that vendor has virtually unfettered access to all data until it is revoked. Clio has no control over how that vendor will then use the data. In my case, the vendor took my authorization for one software program he had developed and changed the name to another software program. Thus, I had authorized one thing, but a totally separate product (with totally different functionality) had access to my firm’s data.
Clio’s API security mechanisms do not provide you any control over what data is shared. For example in my case, where I had allowed access to a calendar reminder service, granular data permissions would have prevented the vendor from accessing my billing data and sending out unauthorized billing reminders (this is exactly what happened). Furthermore, Clio’s API allowed the vendor to avoid having its own login mechanism, so you could not cancel the clio integration and still access your account.
In my case, the vendor also sent out emails to my clients to remind them of bills to be paid without my authorization. This was a flaw in the third party software, which actually did things that I had never permitted.
I tell this story because it is important to avoid trusting any website that happens to integrate with a cloud vendor’s API. Just because a company programs to access data, does not mean that the vendor is trustworthy. It is up to cloud vendors and the user to make sure things are secure. Clio, unfortunately, did not take these concerns seriously enough. My conversations with them let me to believe that they did not understand the serious threat to law firm data that they had created.
It was this incident that led me on my search for new software.
I wrote a lengthy report on the sorry state of legal practice management here. I will be posting some follow up thoughts here on the blog.
This article in today’s New York Times describes the crazy new business of loan servicing. Apparently, some regulators thought a private equity driven industry, which hardly even existed five years ago, would be better than the banks at dealing with loans.
They aren’t. The frequent transfers to companies that no one has ever heard of has resulted in crazy confusion and I personally have seen circumstances similar to those described in the article. Ocwen is just a disaster to deal with. I had to threaten a lawsuit on behalf of a client just to get them to acknowledge that they were paid off in full (not all of their loans are distressed).
How the collection of loan payments became a revenue stream separate from the actual loan is inexplicable, but essentially is why the mortgage industry went wrong in the first place. Instead of lending for the profit on the interest, they are looking for profits on chopping the loan into component parts. Yet, how does a loan with a low interest rate generate more than just that 3 or 4% interest overall? This engineering is always bound to fail.
The Atlantic has an analysis of what it calls Big Med and compares it to the collapse of Big Law and the so-called deprofessionalization of law. I think the collapse of the legal market is overstated in general and certainly in this article. I don’t think anyone in private practice has ever assumed that they are doing it solely to improve society. It is a way to make a living, enjoyable for some of us (I am a solo and a big law refugee and I love what I do), and less enjoyable for some. I think notions of professionalism are largely overrated in any event.
People don’t trust lawyers because we are as a bunch not trustworthy. We aren’t really supposed to be. We are tasked with arguing on behalf of clients to get them a favorable result regardless of what is right, so how can you trust us?
This Story from Huffington Post is absolutely accurate. Mortgage refinance activity has virtually ceased since the spring and house closings have also dropped significantly. I suspect they won’t get better for a while.
Tmobile has adopted a practice that Cablevision has used for years to combat FIOS – paying off your early termination fee. I think this is a good practice and will hopefully cause ETF’s to decline in popularity. From a legal perspective, could this be considered a case of tortious interference with contractual relations, as the ETF is essentially a liquidated damage provision?