Ten most thought-provoking posts of November 2011

Mitratech, a leading matter management system provider, acquired by private equity firm (Nov. 1, 2011)

Vista Equity Partners, a private equity firm with some $6 billion in investments, acquired Mitratech.

A reporting line to the board to assure the general counsel of more independence (Nov. 3, 2011)

A general counsel who is appointed and can only be removed by the Board.

Corporate illegality increases law department workload and a methodology to add some reality to that statement (Nov. 21, 2011)

Four categories of criminal activity, maybe with less emphasis on environmental transgressions, could be extended to other industries.

Over ten years, on average each year five percent higher hourly rates for large U.S. law firms (Nov. 22, 2011)

Associate rates went up by 5.4 percent on average each of those years.

Caution: recognize your System 1 reactions, refine them with System 2 thinking, and keep fit (Nov. 23, 2011)

The human brain when it is processing input has two radically different personas: an impulsive, intuitive, impressionable, pattern-creating function and a more deliberate, evaluative, orderly and demanding function.

The typical longevity of a matter management system averages five to seven years (Nov. 28, 2011)

Given the cost, diversion of time and energy, and risks that face law departments when they license and install a matter management system, it surprises me to see a five-year average life.

Reconsider two common beliefs about leadership: trying times demand boldness and innovation is key (Nov. 29, 2011)

Collins does not believe it inevitable that “turbulent times call for bold and risk-loving leaders.”

Causal thinking with stories compared to statistical thinking with numbers (Nov. 29, 2011)

Our evolution equipped us to create causal explanations for events much more readily than to grasp underlying statistical explanations.

Value and its flip-side, risk, ought to both be stated for a time period (Nov. 30, 2011)

Quantification of value and risk needs to state a period of time in which to accrue returns.

Deeper thinking, exploration of more pros and cons, can lead to less feeling of confidence in a decision (Nov. 30, 2011)

The more arguments you come up with to support your decision, the less confident you will be that the decision is correct.

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