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Maintaining Profitability with New Approaches to Legal and Business Support

Today I presented at the ALA 2014 annual conference on Maintaining Profitability with New Approaches to Legal and Business Support.  The slides are below.  I previously provided a preview of the talk in my March 2014 blog post, Steps to Survive the Coming Competition. Topics I cover i

State of the US Legal Market Summed Up in 3 Tweets

Each Friday I select three of the best and most interesting Tweets from the prior week as my “Tweets of the Week”.  Last week, I was struck by how my picks tell the current story of the legal market… With demand flat, Big Law faces price and profit pressure.  So firm

Where is the Excitement about the Future of the Legal Market?

Every day I read about big and exciting changes in industry.  On Monday, the New York Times reported on the huge impact graphene could have in electronics and other industries, Forbes on the first artificial red blood cells that may go into production. Change happens even in old line

Steps to Survive the Coming Competition

[This post was first published at the 2014 ALA Annual Conference & Exposition Blog on 3 Feb 2014.  Conference info here.] Many in the legal market talk about a “New Normal” where margin pressure is the norm. Is this true, and does it matter? Yes, and here’s why. Clients Want Value

Tweets of the Fortnight (January 2014 – Part 1)

About twice each month I share my “Tweets of the Week” from the two prior weeks.  These reflect noteworthy news or analysis. Design Thinking and Law: A Perfect Match @margarethagan ABA-LPT http://t.co/lop33kv9bW || Great #LegalByDesign intro — ronfriedmann (@ronfriedmann) Januar

Report Questions Large Law Firm Focus on Growth

A new report by The Center for the Study of the Legal Profession at Georgetown Law and Thomson Reuters Peer Monitor reports on the current state of the large law firm market in the USA and questions the choice of many large law firms to make growth their strategy. Below I summarize ke

2014 Prediction for the Legal Market

It’s been a while since I wrote a year-end prediction.  But this year, the LexisNexis Make More Rain Blog asked me to contribute to its just-published post, 21 Expert Predictions for The Legal Industry in 2014. Frank Strong, the post author, grouped predictions; mine appears in

Highlights of the 2013 Altman Weil Chief Legal Officer Survey

Altman Weil, Inc. today released its 2013 Chief Legal Officer Survey.  I summarize here key findings and offer some comments. Money is Moving Away from Law Firms.  Law department budgets for internal work stayed almost the same from 2012 to 2013, about 44%.  But in that same time, the

BigLaw Musical Chairs: Will Some Firms be Eliminated?

When the music stops in musical chairs, someone has no chair and is out.  Are large US law firms playing the game? Many debate the future of large law firms: see the George Beaton blog post and comments at The rise and rise of the NewLaw business model.  I’ve never seen a  post

The Future of Law: Who Will Perform and Regulate It? (Live Post from COLPM)

I am at the College of Law Practice Management Futures Conference in Chicago.  Stephen Mayson, Director and Professor of Strategy, Legal Services Institute, London, is the keynote presenter.  His topic: The Future of Law: Who Will Perform It?  Who Will Regulate It?  (This is a live po