What is the Impact of a Low Cost Center When Law Firms Merge?
Earlier this week Kevin Colangelo of Elevate Services wrote a nice blog post, The Business of Law: Addressing Law Firms’ Concerns Over “Control” in Managed Services Relationships. He explains the benefits of outsourcing middle office support over building a captive and addresses lawyers’ concerns with control. News...
Ron Friedmann,
12 years ago
2 min read
Will Low Cost Centers become a Big Law Norm?
Another large law firm announced today the opening of a low-cost service center. Torys is opening in Halifax. The Globe & Mail in Bay Street law firm launches legal ‘incubator’ in Halifax reports that the “office will be charged with developing new, more efficient ways of doing this kind...
Ron Friedmann,
12 years ago
1 min read
Legal Knowledge Management (KM) Trends Today
by Joshua Fireman & Ron Friedmann INTRODUCTION My business partner Joshua Fireman and I recently co-moderated a roundtable of large, NYC-based law firms to discuss legal knowledge management trends. HP Autonomy hosted the event with Matt Cleverdon, Solutions Manager: Legal & Professional Services, and Dan Carmel,...
Ron Friedmann,
12 years ago
6 min read
Does Citing Professionalism Protect Bad Lawyer Habits?
The legal press and blogs lit up this week when Dentons decided not to report profits per equity partner to the American Lawyer. The PEP discussion I leave to others. I found more interesting a reason Dentons gives: “a focus on profit undermines the differences between the practice of...
Ron Friedmann,
12 years ago
1 min read
Sizing the New, More Diverse Legal Market
Jordan Furlong’s recent blog post, An Incomplete Inventory of NewLaw, spurred an interesting dialog on Twitter among Liam Brown, George Beaton, Jordan, and me. We discussed the size of the NewLaw market. I reproduce, in chronological order, the relevant Tweets. Before any comments, introductions… Liam Brown...
Ron Friedmann,
12 years ago
4 min read
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 include new forms of competition, steps...
Ron Friedmann,
12 years ago
1 min read
Building a Law Factory
Given my interest in law factory, I was excited to read recently about a firm that actually built one. Foreclosure firm goes statistical to improve speed and quality in the ABA Journal (March 2014) is an in-depth and fascinating look at how The Hunoval Law Firm built a high-volume, efficient foreclosure practice...
Ron Friedmann,
12 years ago
5 min read
Shifts in the Legal Market Summed Up in 4 Tweets
My post last week, State of the US Legal Market Summed Up in 3 Tweets, showed large law firms responding to flat demand by merging and cutting costs. Like last week, my current Tweets of the Week again happen to tell a story. They offer a look at...
Ron Friedmann,
12 years ago
2 min read
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