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Legal Analytics, Social Science, and Legal Fees: Reimagining “Legal Spend” Decisions in an Evolving Industry
July 12, 2019
To give you a feel for the power of legal analytics, imagine that you are the managing partner of a law firm. With a good...
July 12, 2019
To give you a feel for the power of legal analytics, imagine that you are the managing partner of a law firm. With a good...
Can The Accounting Firms Unseat Biglaw?
June 15, 2019
A hot conversation started around the legal industry — an industry where the bar for the term “hot” is apparently...
June 15, 2019
A hot conversation started around the legal industry — an industry where the bar for the term “hot” is apparently...
American Law Firms in Transition: Trends, Threats and Strategies
June 10, 2019
American Law Firms: Trends, Threats and Strategies takes a sweeping, incisive view of law firms' uneven progress after the Great Recession and analyzes the five elements that will determine their success or failure in the next decade: culture, character, practices, systems and leaders. Studying every critical aspect of law firms from income trends to attorney attrition rates and from gender bias to leadership development, this book shows how law firms have struggled to adapt to rapidly changing...
June 10, 2019
American Law Firms: Trends, Threats and Strategies takes a sweeping, incisive view of law firms' uneven progress after the Great Recession and analyzes the five elements that will determine their success or failure in the next decade: culture, character, practices, systems and leaders. Studying every critical aspect of law firms from income trends to attorney attrition rates and from gender bias to leadership development, this book shows how law firms have struggled to adapt to rapidly changing...
2018 ABA Tech Survey shows over two-thirds of attorneys use iPhone, over one-quarter use Android
December 15, 2018
The iPhone remains, by far, the most popular smartphone for attorneys. Nevertheless, in 2018 an all-time high of one-quarter of all attorneys reported using an Android phone, and that increase is mostly attributable to sole practitioners, where iPhone-to-Android use is a 2-to-1 ratio. Every year, the ABA's Legal Technology Resource Center conducts a survey to gauge the use of legal technology by attorneys in private practice in the United States. The 2018 report (edited...
December 15, 2018
The iPhone remains, by far, the most popular smartphone for attorneys. Nevertheless, in 2018 an all-time high of one-quarter of all attorneys reported using an Android phone, and that increase is mostly attributable to sole practitioners, where iPhone-to-Android use is a 2-to-1 ratio. Every year, the ABA's Legal Technology Resource Center conducts a survey to gauge the use of legal technology by attorneys in private practice in the United States. The 2018 report (edited...
EY (With 2,200 Lawyers) Seeks To Disrupt BigLaw With Acquisition Of Alternative Legal Services Tech Company
September 22, 2018
American Lawyer, The Big Four’s Recent Acquisition in the Legal Market is a Big Deal: There has been much talk in the past year that the Big Four were sniffing around the alternative legal services (ALSP) market looking for an acquisition. Many legal market watchers, including your (humble) analyst, publicly stated that they expected at least one Big Four-led acquisition into the ALSP space in 2018. That wait is now over. EY announced on August 7th that they will acquire...
September 22, 2018
American Lawyer, The Big Four’s Recent Acquisition in the Legal Market is a Big Deal: There has been much talk in the past year that the Big Four were sniffing around the alternative legal services (ALSP) market looking for an acquisition. Many legal market watchers, including your (humble) analyst, publicly stated that they expected at least one Big Four-led acquisition into the ALSP space in 2018. That wait is now over. EY announced on August 7th that they will acquire...
2018 Trends in Litigation
September 6, 2018
A recent article in the American Lawyer suggested that selecting fewer firms or creating a panel of law firms does not necessarily increase the performance of those firms or the likelihood that the client will be more satisfied with the relationship. The authors did, however, present some compelling research to support their assertion that length of relationship between a firm and client does make a difference. From “Law Firm Panels, Part I: Are They Designed to Fail?” by Firoz Dattu...
September 6, 2018
A recent article in the American Lawyer suggested that selecting fewer firms or creating a panel of law firms does not necessarily increase the performance of those firms or the likelihood that the client will be more satisfied with the relationship. The authors did, however, present some compelling research to support their assertion that length of relationship between a firm and client does make a difference. From “Law Firm Panels, Part I: Are They Designed to Fail?” by Firoz Dattu...
4 GCs, 4 Different Strategies for Reducing Cost Through Legal Operations
July 1, 2018
Combating this required a culture change, something that Harris said she tackled directly with increased transparency. Using...
July 1, 2018
Combating this required a culture change, something that Harris said she tackled directly with increased transparency. Using...
Hickory Dickory Dock, It’s Time To Learn About CLOC
June 9, 2018
Christy Burke, writing for Legal IT Professionals, said that the CLOC Institute was “fresh, relevant, and accessible” with a “universally positive” atmosphere. I completely agree with Christy – there was a palpable excitement everywhere in the Bellagio hotel and it wasn’t just because of the blackjack tables. Institute attendees came prepared with serious inquiries, curious about what others were doing in their organizations, and looking for significant solutions to the issues they...
June 9, 2018
Christy Burke, writing for Legal IT Professionals, said that the CLOC Institute was “fresh, relevant, and accessible” with a “universally positive” atmosphere. I completely agree with Christy – there was a palpable excitement everywhere in the Bellagio hotel and it wasn’t just because of the blackjack tables. Institute attendees came prepared with serious inquiries, curious about what others were doing in their organizations, and looking for significant solutions to the issues they...
Can Non-Lawyers Bring More Benefit to the Legal Profession Than Lawyers?
June 3, 2018
Penn also emphasized the importance of process in the context of improving the workflows of her lawyers. She showed a pyramid where the wide base of Process Improvement held up everything else, including the smallest tip at the top where law and legal strategy came into play. She illustrated this by sharing a picture of a whiteboard with colored Post-It notes neatly arranged mapping out a process during a meeting with one of her firm partners. After they completed that mapping exercise, the partner...
June 3, 2018
Penn also emphasized the importance of process in the context of improving the workflows of her lawyers. She showed a pyramid where the wide base of Process Improvement held up everything else, including the smallest tip at the top where law and legal strategy came into play. She illustrated this by sharing a picture of a whiteboard with colored Post-It notes neatly arranged mapping out a process during a meeting with one of her firm partners. After they completed that mapping exercise, the partner...
Law Firm Innovation? We’re Not Seeing It, Says Survey of Corporate Counsel
April 1, 2018
A 2017 Altman Weil survey found that half of law firms say they are actively engaged in creating special projects and experiments to test innovative ideas and methods. But a newly released survey finds that the corporate clients of those law firms are seeing little or no actual change in how law firms deliver services. Conducted by the law firm Thompson Hine, the survey, Closing the Innovation Gap, interviewed in-house counsel and senior executives at 176 companies and financial institutions....
April 1, 2018
A 2017 Altman Weil survey found that half of law firms say they are actively engaged in creating special projects and experiments to test innovative ideas and methods. But a newly released survey finds that the corporate clients of those law firms are seeing little or no actual change in how law firms deliver services. Conducted by the law firm Thompson Hine, the survey, Closing the Innovation Gap, interviewed in-house counsel and senior executives at 176 companies and financial institutions....
