ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

What to Look for When You Need a Law Firm

photo

SPONSORED CONTENT -- (StatePoint) Let’s face it, no person or business gets a thrill out of hiring a law firm. Fortunately, peer-reviewed rankings have simplified the process.

Best Lawyers, which has been tracking trends and innovations in the legal industry for more than four decades, serves as a trusted resource for identifying what it takes to be a preeminent law firm in the United States. Their recently released 14th annual rankings of Best Law Firms, found at bestlawfirms.com, provides keen insight, not only into the most successful law firms, but also the key factors to keep an eye out for when going through the reliably trying task of retaining counsel.

Here is some of Best Lawyers’ advice:

1. Does the firm use the latest technology?

Right now, even the legal profession is abuzz about generative Artificial Intelligence (gen AI) tools. With its ability to parse information more quickly, gen AI offers the immediate potential to automate routine tasks such as research; summarizing long, complex content; and writing first drafts of simple documents such as NDAs. All of which can save both time and money.

And smart firms are closely watching regulations and any risks that this new technology may bring, all while using it for the benefit of the firm and its clients.

2. What do other legal experts think about the way they do business?

There are better options available than just word of mouth when choosing legal representation. After all, hiring a law firm isn’t like choosing which novel to download next. Through Best Laywers’ research process, a firm’s performance is assessed by its peers, ultimately helping consumers make better-informed decisions.

Why is this important? At its heart, a robust peer-review process like Best Lawyers’ asks legal professionals to answer this key question: “If you had a legal issue and could not represent yourself, what firm would you hire?” This peer-review method is critical, and offers a straightforward way to help identify the most trusted firms.

3. Does the law firm embrace diversity?

Today’s leading law firms know that to be successful, the makeup of their staff should represent the communities they serve. Inclusion is a necessary element of well-rounded representation because a team with different backgrounds and experiences will bring diverse points of view to solving clients’ unique and complex challenges.

Fortunately, in recent years there has been an uptick in law firm diversity. In 2023, 21.6% of attorneys were members of traditionally underrepresented ethnic groups, according to an American Lawyer survey. That’s up more than 20% from the same survey just three years prior.

As a consumer, consider asking a law firm about its diversity track record. In fact, the best law firms will not only expect the question but welcome it.

*****

Photo Credit: (c) Kerkez / iStock via Getty Images Plus

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.