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Law Firm Fusion, Unicorns, and Ads

Mainstream news often holds hidden lessons for law firms. Three articles on Monday about fusion, unicorns, and ads make me think about Big Law. “Fusion” (Mergers) With Fusion of Insurers, Questions for Patients (New York Times) reports on the potential impact of health ins

It’s a Debate: Should Law Firms Hire a Pricing Professional?

This is a live blog post of the Legal Marketing Association (LMA) webinar, It’s a Debate: Should Law Firms Hire a Pricing Professional? [Please forgive any typos or inaccuracies. I hit publish as a session ends. Any editorial comments in square brackets preceded by my initials,

IBM Watson – Crowdsourcing Questions for World of Watson (May 5-6)

I am attending the IBM World of Watson conference on Tuesday and Wednesday, May 5 and 6, in NYC. Many in the legal market have speculated about the role Watson can and will play. I hope to advance understanding what is possible in legal with Watson, what is likely, and the timeframe f

Allen & Overy Legal Tech Initiative – R&D at Last but a Question

I have long suggested that law firms invest in research and development to deliver more value to clients. Now one has. The Lawyer (UK, April 7) writes in Allen & Overy invests seed corn funding into “experimental” technology group i2 that the firm is funding and “

Big Law, Fast Food, and Lawyer Exceptionalism

Reading McDonald’s Seeks Its Fast-Food Soul in the New York Times this weekend got me thinking about Big Law and the legal market. What could fast food possibly have to do with Big Law? Maybe nothing. But many markets try to learn from other industries. And perhaps lawyers can learn f

Strategies for Change Management in Large Law Firms

Lawyers and law firms have a reputation for resisting new things. Yet both have changed quite a bit in recent decades. Understanding these changes, and how to encourage future ones, was the topic of a presentation – Strategies for Change Management – that my colleague Jim

Legal Market Revival (?) and Trends – Live from the Legal Tech Blogger Breakfast

This is a live blog post from the Legal Tech NY 2015 bloggers breakfast. [Apologies for lack of links – I did not have names before the session. As with all live posts, please forgive typos and errors.] Molly Miller of ALM is the moderator and poses the questions in bold. Is the

Disruption is Dead but Change Lives – What Big Law Needs to Do to Succeed

I will start the new year with thoughts about the future. I see continued evolution of the Big Law market. That evolution is nicely captured in the  Citi Private Bank – Hildebrandt Consulting LLC 2015 Client Advisory (PDF), which I summarize and comment on here. I especially lik

Business of Law Innovation – FT North America Awards

The Financial Times recently released its 2014 North America Innovative Lawyers. Five firms won the top business of law award (“Stand Out”): Seyfarth Shaw: “Developed SeyfarthLink, an online tool that enables better client-firm collaboration by improving flows of inf

Cognitve Computing and IBM Watson – Marc Teerlink of IBM Presents

This is a live blog post from the 2014 ITA Collaborative Conference. Presenting is Marc Teerlink, Chief Business Strategist of IBM’s Watson Group. (Please excuse typos and typos.) Seven Principles: Disruption. It’s all about letting go. Why are we wed to all ways of work,