Legal Evolution

Facts and Commentary on a Changing Legal Industry

As an industry, law firms ignore Glassdoor.  So why is it such a good predictor of law firm profits? In Part I (094) of this two-part series, we noted that within the broader economy, Glassdoor ratings are associated with strong organizational performance, such as higher sales, greater profits, and superior market returns. We also discussed how hedge funds and private equity firms are using Glassdoor to make investment decisions; and how Salesforce relied…
What’s client value?  I know it when I see it. The graphic above lists the law firms ranked most often in the Legal 500 2018. The longer the bar, the more the Legal 500 recognized a firm’s practice areas. Colored sections capture ranking counts within each of the six tiers, from the orange bar reflecting Tier 1 (highest) to the black bar reflecting Tier 6 (lowest). Thus, the firms with the most Tier 1…
Guidelines for guest contributors When I launched Legal Evolution in the spring of 2017, the vision was to create a publication where content on the legal market and legal innovation would be method-driven (theory, data, case studies, cross-industry comparisons, history, story telling) but with a style and format accessible and engaging to those building solutions in the field — a place that combines thinking with a track record of action. I also decided to go…
Lawyers Trust Fund of Illinois has been thinking about this question for more than 30 years.  Often, the answer involves legaltech. On the outside chance that the afterlife involves a meeting with St. Peter at the Pearly gates, those working for the Lawyers Trust Fund of Illinois (LTF) will have good story to tell.  Over the organization’s 36-year history, LTF’s leaders and staff members have demonstrated a combination of stewardship, creativity and courage that…
Innovators and early adopters come together to discuss human capital in the emerging one-to-many legal economy — a great opportunity for law students and career service professionals. In Tomorrow’s Lawyers, Richard Susskind predicts the emergence of several new jobs for lawyers, including the legal knowledge engineer, the legal technologist, the legal hybrid, the legal process analyst, the legal project manager, the ODR practitioner, the legal management consultant, and the legal risk manager. “I am…