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Elevate’s recent acquisitions belie a long-game strategy. Elevate founder, Liam Brown, explains. Elevate recently acquired five companies in less than three months. I’ve been asked: why those companies in particular, and why so many in such a short space of time?  To answer those questions, I should first answer the deeper question of what is Elevate’s ‘Why?’ Then, I need to give a clear-eyed assessment of how we’ve been performing in pursuit of that purpose.…
The most valuable contribution a legal entrepreneur can make to the legal industry is to share founder stories, especially mistakes and lessons learned.  Another value-add is to publicly state, “this is our strategy,” so the entire market can learn what works and what doesn’t. On today’s Legal Evolution, Liam Brown, the Founder and Executive Chairman of Elevate Services, delivers on both counts. In Post 088, Liam explains Elevate’s recent acquisition of five NewLaw and…
The money part is simple. But how do firms win on culture? The above 2×2 matrix provides a window on the war for associate-level law firm talent in the London-UK market.  The firms in the top-right quadrant are winning.  This is true for two reasons.  First, they’re paying salaries at or near the top of the market.  Second, they’re earning high marks for their culture–what I called a culture of “high performance.” As a result,…
As editor of Legal Evolution, I am pleased to announce that Evan Parker is joining Legal Evolution as a regular contributor. Many readers likely remember Evan’s guest post from the fall, where he presented compelling data showing that, controlling for a wide range of factors, law firms with a higher percentage of diverse attorneys are significantly more profitable.  See Parker, “Missing in Action: Data-Driven Approaches to Improve Diversity (074),” Legal Evolution, Nov. 25,…
Why do we attend legal industry events?  What makes them worth our time? Valuable blue sky remains. Earlier this month I participated in the Inspire.legal conference in New York City.  Because Inspire.legal was sufficiently different than any other legal industry event I have attended, I began ruminating on the question “why?” The matrix above, which reflects industry events I have attended over the the last 15+ years, and thus excludes those I have no firsthand…
For many of us, the most credible and reliable data comes from getting our ass kicked In his 2006 novel, Utterly Monkey, the lawyer-turned-writer Nick Laird tells the story of Danny Williams, a young man from Ireland who overcomes his working class roots to land a job at a Magic Circle law firm. Although the high pay enables Danny to rent a posh London flat, he’s rarely there. Further, Danny worries that the long…
How do we become lawyers who can see, understand and solve the biggest picture issues? One lawyer’s mid-career reflection. I came to law from engineering. My previous training and trade create an outsider’s inside perspective on how we solve problems with the practice of law. As lawyers, we often lay bricks to address the instant problem instead of looking at the bigger picture, spotting patterns, and architecting solutions that efficiently create more value. An experience from the second month of my practice as a corporate associate at a big law firm exemplifies the pattern that I…
Legal Evolution is proud to welcome contributor Jason Barnwell.  Regular readers are likely to remember Jason from the detailed write-ups of Microsoft’s Trusted Advisor Forum on Innovation, see Post 068 (by me); Post 069 (epic post by Jae Um), as Jason was the person who was charged with creating and implementing this very important strategic initiative. There were two reasons why I asked Jason to consider contributing to Legal Evolution.  First, I was impressed with…
IFLP is proud to collaborate with the above list of innovators and early adopters. Later this month, the Institute for the Future of Law Practice (IFLP, or “I-flip”) will celebrate its one year anniversary. Before that, it was just an idea in the minds of a few dozen lawyers, legal educators and allied professionals.  In the fall of 2017, this “Group of 40” participated in a needs analysis. There were two questions: Is an intermediary…