Economy

Law firms see overhead costs shift during past 25 years

January 28, 2015
Marilyn Odendahl
All the modern devices and technology used by law firms these days come at a high cost and are often among the top firm expenses, according to managing partners.
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Once controversial, IOLTA is now professional standard in Indiana

January 14, 2015
Marilyn Odendahl
Indiana Supreme Court posed an obstacle in 1990 to getting the program launched to fund pro bono efforts.
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NDLS loan repayment program growing in dollars and applications

October 20, 2014
Marilyn Odendahl
Notre Dame Law School’s program to assist its graduates who pursue careers in the public service sector has reached the $1 million milestone.
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Indiana cuts some public audits over shortages

October 13, 2014
 Associated Press
The State Board of Accounts no longer is auditing the financial records of Indiana libraries, conservancy districts, some public school accounts, and small towns and townships, its leader says.
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Millions more sought for representation of juveniles

October 8, 2014
Dave Stafford
The money is needed for guardians ad litem and court appointed special advocates, and to pay for the new rule requiring defenders in delinquency cases.
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Maximizing paralegal roles to get money's worth

October 8, 2014
Marilyn Odendahl
An Indiana State Bar Association panel examines ways firms can delegate work to paralegals to increase efficiency and profitability.
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Closure of Indiana juvenile boot camp put on hold

September 10, 2014
 Associated Press
State officials are delaying the closure of a paramilitary-style boot camp for juvenile offenders in northwestern Indiana.
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IP lawyer among first to accept Bitcoin for services

September 10, 2014
Dave Stafford
Intellectual property attorney Paul Overhauser’s clients are often on the cutting edge of Internet technology, so he decided that in addition to dollars, he’ll take digital dough.
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Legal aid benefits from settlement

September 10, 2014
Marilyn Odendahl
A financial boost for legal aid is expected to come from one of the banks that contributed to the 2008 economic collapse. The money will bring much-needed funding to the state’s pro bono districts which have been crippled by dwindling revenues and growing client lists. While the money will help, some say it should have come sooner.
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Beer distributor Monarch stepping up booze push

September 8, 2014
Kathleen McLaughlin, IBJ Staff
In a campaign to enter the hard liquor business, Monarch Beverage Co. is pursuing a new tactic that takes aim at state regulators.
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Lawyer registration fee increase to cover program shortfalls, aid pro bono districts

July 16, 2014
Dave Stafford
Attorney registration fees set to increase nearly 25 percent will cover shortfalls in the judiciary programs they fund and give a temporary emergency boost to the state’s pro bono districts.
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Indiana to raise attorney registration fees

July 2, 2014
Dave Stafford
Annual registration fees for Indiana attorneys will increase nearly 25 percent, the Indiana Supreme Court announced in an order issued Monday.
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Financial picture worsens for Marion County courts

July 2, 2014
Dave Stafford
In Marion County, the funding shortfall is projected to be $4.6 million for 2015. Courts are routinely dealing with persistent shortfalls to support guardians ad litem appointed to represent juveniles in child in need of services cases.
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Employability begins long before graduation day

June 18, 2014
Marilyn Odendahl
To get a job as a lawyer, applicants need legal skills, such as analytical thinking, but employers today are also looking for new hires who have the so-called “soft skills.”
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Quarles & Brady latest large firm to expand to Indianapolis

June 4, 2014
Dave Stafford
Larger firms see enough promise to set up shop in Indianapolis - not through merger or acquisition - but by expanding with the launch of a branded office. And then expanding some more.
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PERF benefit to decline amid fund shortfall

May 21, 2014
Dave Stafford
Effective Oct. 1, the Indiana Public Retirement System will reduce the guaranteed interest rate for workers who choose to annuitize investments in their annuity savings accounts.
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ABA task force advises review of law school costs

February 12, 2014
Marilyn Odendahl
In its year and a half examination of how lawyers are educated, the American Bar Association Task Force on the Future of Legal Education concluded the financial system law schools have developed to provide that education must be re-engineered.
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Survey says a majority of chief legal officers are happy with their jobs

January 31, 2014
IL Staff
A survey released Wednesday by the Association of Corporate Counsel found that 85 percent of chief legal officers are satisfied with their current role and level of responsibility within their companies, a four percent increase as compared to last year.
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As money for justice declines, many don’t see potential cost

January 29, 2014
Dave Stafford
Persistent warnings about funding shortages for state and federal courts don’t appear to be registering with the public, a new poll concludes.
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Correctional services consolidation bill drawing fire

January 29, 2014
Marilyn Odendahl
Community corrections advocates are worried that a proposal to consolidate the Marion County probation and community corrections departments would take local decision-making away from community members and give more control to judges.
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Lawmaker targets burdensome pre-settlement funding by proposing cap on interest rates

January 15, 2014
Dave Stafford
Funding companies woo plaintiffs in need with promises of quick cash for their pending settlements without oversight in Indiana. That soon could change.
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Legal service nonprofits look to private dollars as public funds shrink

December 4, 2013
Marilyn Odendahl
The alteration the Indianapolis Legal Aid Society made this season to its letters soliciting donations reflects a strategic decision by the nonprofit to go after higher contributions and underscores the need for service organizations of any kind to be aggressive.
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Fewer LSATs show reduced undergrad interest in law

December 4, 2013
Marilyn Odendahl
The continued drop in the number of people taking the LSAT has brought more worries about the future of law schools; however, many would-be applicants may just be waiting for the economy to improve before they try for admission.
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Survey: Midlevel associate satisfaction hits new high

August 29, 2013
IL Staff
Associates in their third, fourth and fifth years at large law firms report the highest overall level of job satisfaction seen in the 10-year history of a survey on the topic.
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More 2012 law grads find jobs, but overall employment rate dips

June 21, 2013
Jennifer Nelson
The overall employment rate for 2012 law school graduates is at the lowest its been in nearly 20 years, according to data released by NALP Thursday.
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  1. The Department of Education still has over $100 million of ITT Education Services money in the form of $100+ million Letters of Credit. That money was supposed to be used by The DOE to help students. The DOE did nothing to help students. The DOE essentially stole the money from ITT Tech and still has the money. The trustee should be going after the DOE to get the money back for people who are owed that money, including shareholders.

  2. Do you know who the sponsor of the last-minute amendment was?

  3. Law firms of over 50 don't deliver good value, thats what this survey really tells you. Anybody that has seen what they bill for compared to what they deliver knows that already, however.

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  5. As one of the many consumers affected by this breach, I found my bank data had been lifted and used to buy over $200 of various merchandise in New York. I did a pretty good job of tracing the purchases to stores around a college campus just from the info on my bank statement. Hm. Mr. Hill, I would like my $200 back! It doesn't belong to the state, in my opinion. Give it back to the consumers affected. I had to freeze my credit and take out data protection, order a new debit card and wait until it arrived. I deserve something for my trouble!

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