The S-curve is real.  If we’re not growing, we’re dying. Through client work that admittedly spans a broad swath of the legal industry, I am fortunate to spend a lot of time with law firm leaders and other attorneys at varying stages of their careers.  Through these discussions, I have learned why some attorneys choose to work for law firms while others–with the same stellar pedigrees–prefer to work for alternative legal service providers (ALSPs).…

As editor of Legal Evolution, I’m always on the lookout for next-generation talent, as they have the advantage of fresh eyes.  See Post 201 (noting the “next generation” as a priority for future content). Today, with a guest post from Yvonne Nath, see Post 223,  I’m delighted to deliver some of the fruits of that ongoing search. Back in 2017, during the first year teaching Diffusion of Innovation in the Legal Industry at…

T-shaped professionals building one-to-many legal solutions If you’re a lawyer, is it worth your time to read a detailed post on the development and deployment of high-quality legal software? Let’s rephrase the question: Do you want to develop sticky and rewarding client relationships while also developing new—and potentially large—revenue streams that have nothing to do with billing more time?…

The 4th Industrial Revolution is here (even for lawyers).  A look at what digital transformation actually means for legal markets — and the investments tomorrow’s winners are making today. Today’s post is the final part in the 5-part series #GreatExpectations for the #GreatReset.  (Like the vaccine rollout 💉 and my workout plan 😁, this post is a bit delayed 🥺.  A million thanks to Bill and the Legal Evolution audience for the patience!)…

Talk of disruption dominated the last decade.  In 2021, widespread change in legal markets appears elusive.  Will this time be different? Today’s post (219) is Part IV of #GreatExpectations for the #GreatReset, a 5-part series on the post-pandemic legal market landscape.  Part I (216) covered a historical retrospective to the last recession, with emphasis on how the socioeconomic context around the legal industry is changing.  Parts II (217) & III (218…

Position isn’t destiny — especially times of turmoil.  Eight charts illustrate the true extent of volatility underlying apparent stagnation in legal markets and give an advance peek at the state of play for 2021. This post is the third in a 5-part series, #GreatExpectations for the #GreatReset.  The aim of this series is to provide a shared foundation of fact and data to help envision the market dislocations likely to occur in the current economic…

A dozen charts shed light on how a K-shaped recovery widens the distance between the haves and the have-nots. Part I (216) of this 5-part series (#GreatExpectations for the #GreatReset) provided a broad retrospective on the last downturn for both BigLaw and corporate clients, with emphasis on the socioeconomic context around the legal market.  The next two posts comprise an experiment in format.  Parts II (217) and III (218) are snack-sized…