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Recent Editions
North America
Human Times
The number of Americans voluntarily working part-time has reached a record high, with women, particularly mothers, benefiting from the rise in flexible work arrangements. Many businesses have accepted worker demands for part-time positions, resulting in more women entering the labor force. A record share of women aged 25-54 are now participating in the workforce, with the rate among women with a child under five surging to nearly 70% in March. While lack of accessible and affordable childcare remains a barrier, the influx of women into the workforce is promising for an economy facing labor shortages. The pandemic has also raised awareness about the benefits of part-time work and family leave. However, research shows that part-time work does not necessarily lead to gender equity in the labor force. Part-time work arrangements can be a useful tool for companies during uncertain economic times. The rise in part-time work has also led to the emergence of companies like Bus Stop Mamas, which helps stay-at-home mothers reenter the workforce on a part-time basis.
Full IssueUK
Human Times
HM Revenue & Customs (HMRC) is using artificial intelligence (AI) in its staff recruitment process. Candidates don't interact with a human until their first day on the job. The recruitment process involves candidates submitting a CV and a 1,000-word statement, followed by a video interview with an automated system. The video interview consists of six questions, and the candidates record their answers after each question. HMRC uses a technology platform called Outmatch to analyse the video interviews and score the candidates against civil service standards. While AI can be helpful in identifying suitable candidates, Adam Al-Badry at recruiter Robert Half argues that human interaction is crucial to assess cultural fit.
Full IssueUSA
Education Slice
As the nation marks the 70th anniversary of the landmark Brown v. Board of Education ruling, which aimed to end "separate but equal" education, challenges to school integration persist. Despite advancements, many U.S. school districts today are still segregated along residential and economic lines. Gary Orfield from UCLA's Civil Rights Project highlights that more students now attend "intensely segregated" schools than they did 30 years ago. This regression often follows the discontinuation of court-ordered desegregation plans, as seen in the Supreme Court's 1991 ruling in Board of Education of Oklahoma City v. Dowell. The resistance to integration has historical roots and continues today, often undermining efforts to maintain diverse educational environments. This enduring segregation raises questions about the effectiveness and longevity of integration efforts, amidst historical and ongoing resistance to desegregating schools.
Full IssueUSA
Accountancy Slice
The IRS has reaffirmed its commitment to supporting child support payments to states and Native American Tribes. Contrary to reports, there have been no changes to the access of federal tax payment offsets for Native American Tribes. The IRS is working with Congress to provide additional flexibilities for states and Tribes and is open to considering extensions for compliance with new guidelines. The agency says that the relationship between Indian tribal governments and state child support agencies remains unaffected. The IRS has requested child support agencies to submit plans for mitigating contractor access to tax information by October 1st 2024, but no final decisions have been made, and the agency is open to potentially extending the deadline. The IRS emphasizes its commitment to minimizing burden on states and Tribes. The Treasury Department's Green Book proposal and pending legislation in Congress aim to address concerns for Indian Tribal governments.
Full IssueScotland
Legal Matters Scotland
The Scottish Tories have announced that they will vote against the Scottish Government's plans to release prisoners early. The Justice Secretary, Angela Constance, revealed the proposals in response to a sudden increase of 400 prisoners. She said the increase had left ministers with “no choice but to act if we are to avoid an unprecedented crisis developing”. Ms Constance also said she would bring proposals to Holyrood in the coming weeks, with those serving sentences of less than four years being eligible. However, Scottish Tory justice spokesman Russell Findlay said on Sunday his party would not back the plans amid fears of a risk to public safety. He said: "If the SNP government set free hundreds of prisoners before they've done their time it will put public safety at risk with high rates of re-offending, as happened during the pandemic."
North America
Legal Slice
Investing in AI can have a significant economic impact on law firms, shrinking billable hour revenue and profit margins. AI consultant Toby Brown modeled the potential impact of AI's efficiency gains and found that time entries for "drafting and reviewing" accounted for 47% of revenue in his sample of law firms. Brown estimated a conservative 5% reduction in partner hours and a 20% reduction in non-partner hours, resulting in a 13% revenue decline and a 7% cut in profit margins. Despite these outcomes, Brown and his co-authors at consultancy Adam Smith Esq. urge law firms to pursue AI investments in their most successful practices, as long as they can use new efficiencies to win work from competitors. Wilson Sonsini, a Silicon Valley-founded firm, is putting this theory to the test by selling its first fixed-fee product that relies on an AI model. The product applies Wilson Sonsini's human-created playbook to mark up sales contracts for cloud services companies, offering faster, cheaper contract negotiations. The goal is to take work from other law firms and gain a competitive advantage. Wilson Sonsini's chief innovation officer, David Wang, believes that cannibalizing competitors' work is a strategic opportunity for growth. The firm plans to automate other core competencies, aiming for a 10% growth in top-line revenue. This approach aligns with the recommendations of experts who suggest that introducing automated tools providing high-quality service faster and more cheaply will give law firms a lasting advantage.
Full IssueEurope
Risk Channel
A new report has shown that the UK has dropped out of the top 10 countries for good governance under Rishi Sunak's leadership. Weak leadership, poor economic management, and Brexit have dragged Britain down in the global index on good government. The Chandler Global Index for Good Government (CGGI) ranked the UK in 11th place, with scores for "leadership and foresight" placing it in 20th place. The UK also ranked 27th in financial stewardship. Despite Brexit, the UK's reputation and global influence were boosted, coming second in the category, only beaten by France. However, Brexit negatively impacted the UK's international trade score, dropping it by 26 places. Labour has used these findings to criticise the Tories and Rishi Sunak's leadership. Downing Street, on the other hand, questioned the findings, describing them as “strange” and “lacking in evidence”.
Full Issue