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Three Reasons Why Law Firms Need More Research
June 15, 2013
Three are at least three reasons why law firms need to use more research in making decisions. In this context research refers...
June 15, 2013
Three are at least three reasons why law firms need to use more research in making decisions. In this context research refers...
Future-Proofing Your Law Firm
May 25, 2013
THE FUTURE OF PRIVATE LAW PRACTICE has been a subject of much speculation the last several years. While some law firm partners behave as if they believe things will go back to business as usual, most of those who are paying attention believe we are headed to a “new normal” in our future. Among the factors cited to support this proposition are business clients more engaged in negotiating legal fees, an overexpansion of law schools that has led to more attorneys entering an already packed job market,...
May 25, 2013
THE FUTURE OF PRIVATE LAW PRACTICE has been a subject of much speculation the last several years. While some law firm partners behave as if they believe things will go back to business as usual, most of those who are paying attention believe we are headed to a “new normal” in our future. Among the factors cited to support this proposition are business clients more engaged in negotiating legal fees, an overexpansion of law schools that has led to more attorneys entering an already packed job market,...
Law Firms Use Apps to Burnish Brands
May 15, 2013
Clients looking to learn more about the anti-bribery and anti-corruption laws overseas don't need to track down their lawyers....
May 15, 2013
Clients looking to learn more about the anti-bribery and anti-corruption laws overseas don't need to track down their lawyers....
Howrey’s Bankruptcy and Big Law Firms’ Small Future
May 10, 2013
For corporate clients, there’s a potential silver lining in Big Law’s disarray. From 2007 through 2009, firms with more than 500 lawyers saw their billable hours decline by more than 5 percent. They unloaded associates by the thousands. While the billable-hours drought has eased with the economic recovery, companies increasingly are demanding better deals on rates, says Adam Epstein, a San Francisco-based board consultant for small-cap corporations. “The law firm brands don’t matter as much...
May 10, 2013
For corporate clients, there’s a potential silver lining in Big Law’s disarray. From 2007 through 2009, firms with more than 500 lawyers saw their billable hours decline by more than 5 percent. They unloaded associates by the thousands. While the billable-hours drought has eased with the economic recovery, companies increasingly are demanding better deals on rates, says Adam Epstein, a San Francisco-based board consultant for small-cap corporations. “The law firm brands don’t matter as much...
Survey: Strong Consensus Law Firms Need to Change. But Can They?
May 5, 2013
A survey of the readers of the Adam Smith, Esq. law firm management blog has found that there is widespread agreement that law firms have to change their fundamental business models, consultant Bruce MacEwen tells Bloomberg Law's Lee Pacchia. But lawyers have real doubts that law firms will be willing to invest the money necessary to compete with legal process outsourcers, or even know how to compete in a changing legal profession, he says.
May 5, 2013
A survey of the readers of the Adam Smith, Esq. law firm management blog has found that there is widespread agreement that law firms have to change their fundamental business models, consultant Bruce MacEwen tells Bloomberg Law's Lee Pacchia. But lawyers have real doubts that law firms will be willing to invest the money necessary to compete with legal process outsourcers, or even know how to compete in a changing legal profession, he says.
Skinny Law Before Robot Law
May 4, 2013
Take 10 years practice as a lawyer (law firms and in-house), add LPO, consulting and strategy experience, shake vigorously and pour over the legal market.
May 4, 2013
Take 10 years practice as a lawyer (law firms and in-house), add LPO, consulting and strategy experience, shake vigorously and pour over the legal market.
Lawyers Are Mining Data for Pricing, Practice Tips, and Predictions
April 30, 2013
The day is here: Big data, loosely defined as the computer analysis of torrents of information to find hidden gems of insight,...
April 30, 2013
The day is here: Big data, loosely defined as the computer analysis of torrents of information to find hidden gems of insight,...
With Up To 20% of Am Law 200 ‘Badly Weakened,’ Will More Firms Fail?
April 29, 2013
A substantial percentage of the nation's largest law firms enter the sixth year of the Great Recession "badly weakened,"...
April 29, 2013
A substantial percentage of the nation's largest law firms enter the sixth year of the Great Recession "badly weakened,"...
How Law Firms End Up on IBM GC’s Do-Not-Hire List
April 7, 2013
Lawyers who lead corporate law departments often have a do-not-hire list of banned law firms, even if it’s not committed to writing. IBM general counsel Robert Weber is no different. There are about 10 law firms and 10 individual lawyers he refuses to hire, the American Lawyer reports. He explained why in an interview with the publication. “The first sin is pretty simple,” the story says. “Forget what all those business development gurus say. Don't solicit Weber's corporate counterparts...
April 7, 2013
Lawyers who lead corporate law departments often have a do-not-hire list of banned law firms, even if it’s not committed to writing. IBM general counsel Robert Weber is no different. There are about 10 law firms and 10 individual lawyers he refuses to hire, the American Lawyer reports. He explained why in an interview with the publication. “The first sin is pretty simple,” the story says. “Forget what all those business development gurus say. Don't solicit Weber's corporate counterparts...
Do Lawyers Really Believe Their Own Hype, and Should They?
March 28, 2013
Research suggests that attorneys are too confident in the merits of their clients’ cases. But attorneys often self-select (1) the area of law in which they practice, (2) the side on which to practice within that area, (3) law firms with whom they practice, and (4) the clients they represent. We exploit a natural experiment involving participants in moot court competitions at four U.S. law schools over 2 years to explore whether, after stripping away these selection biases through random assignment...
March 28, 2013
Research suggests that attorneys are too confident in the merits of their clients’ cases. But attorneys often self-select (1) the area of law in which they practice, (2) the side on which to practice within that area, (3) law firms with whom they practice, and (4) the clients they represent. We exploit a natural experiment involving participants in moot court competitions at four U.S. law schools over 2 years to explore whether, after stripping away these selection biases through random assignment...
