Remaking News of the Week: Richard Susskind’s Online Courts features extracts from an early summary of Richard’s new jewel in the legal ecosystem. These are some of the central themes, fist carried in Legal Week. Early next year, I will publish my own review of Online Courts and the Future of Justice. “Even in the world’s most advanced jurisdictions, most civil disputes cost too much, take too long,  processes are antiquated, and the whole business…
In introducing Commoditizing Legal Services, Heather writes “When many law firms are as fungible as peanut butter, savvy productization and exemplary service are differentiators”. One of the most significant trends brought to the legal market by alternative law companies is the variety of delivery methods that make legal services less complicated and expensive, and therefore easier for clients to purchase. In response, law firms that wish to stay relevant and solvent in this increasingly competitive…
The six years since I published NewLaw New Rules – A conversation about the future of the legal services industry have been an exhilarating ride, no more so because of the inspiring people I have met as a result. Daniel van Binsbergen, CEO and Co-founder of Lexoo is one such person. We held this conversation recently. 1. The last decade has seen the proliferation of NewLaw business model providers of B2B legal services. How does…
Do BigLaw managing partners see their world differently? invites Dialogue readers to share their experiences and views on the extent to which BigLaw leaders align with and differ from C-suite executives in corporations. The Conference Board recently published The Future-Ready Organization reporting how CEOs and C-suite executives are thinking about the next few years and their vision for how their organisations will thrive in 2025 and beyond. What’s your view about BigLaw? In brief, here’s what…
Today in Remaking News of the Week, I am sharing a case study in analytics featuring the work of Bryan Cave Leighton Paisner (BCLP) first reported in the Legal Executive Institute Forum magazineFor many years BCLP has leveraged data in its data-driven approach to decision- making for the internal management of the firm, optimizing the delivery of legal work to clients and understanding the content and risks in clients’ legal portfolios. Authors Chris Emerson,…
Lachlan McKnight is the CEO of LegalVision, an award-winning NewLaw firm. I had the pleasure of talking with him recently. 1. Lachlan, the last decade has seen the proliferation of NewLaw business model providers of B2B and  B2C legal services. How does LegalVision interpret this growth and the diversity in types of provider? The first point I would make is that many so-called ‘NewLaw’ firms are simply boutique breakaways. They are managed in the same…
In Remaking News of the Week: Majority of US GCs expect a recession this week we report the just-published findings of the 2019 Altman Weil report titled, Law Departments Show Caution on Hiring and Spending in 2019. “Seventy-six per cent of Chief Legal Officers expect there will be a recession in the US within the next two years, a belief that may be fueling caution on law department hiring and spending levelst the long-running 2019
Legal Futures recently headlined Traditional law firms must adapt or die, tech GCs warn.  The interview reported the use of what some might call melodramatic language, like ‘inertia’, ‘still stacking meetings with lawyers’, ‘unless BigLaw adapts to the way agile providers are doing things, they’re on their death bed’ and ‘they need to change their (business) model’. The GCs head the legal functions in Monzo, Transferwise and Revolut– all tech companies. They are exposed on a…
Where’s the legal services pricing puck heading? is a compelling interview with Richard Burcher, the leading authority on pricing legal services and contributor to the Dialogue on Remaking Law Firms. Thank you for joining the Dialogue on Remaking Law Firms for a Q&A with me today, Richard.  In today’s hyper-competitive world for all types and sizes of law firms, how do the smart firms start when they decide to be more deliberate in the way they…
My Tweet (featured below) gave rise to multiple related and robust conversations, especially about the legal talent that BigLaw (large law firms) hire versus the talent that the Big 4 hire. And I suspect that alternative legal service providers align with the Big 4 for purposes of this talent conversation. The conversations highlighted for me the question of whether the Big 4 can achieve substantially different results, costs, or outcomes by hiring the same legal…