Rule against Outside Investment in Law Firms Stifles Innovation
The time has come to re-consider rules barring outside investment in law firms. I start with a specific example of where outside investment could benefit the profession and society and discuss a potentially better way to think about the question more generally. I recently corresponded...
Ron Friedmann,
12 years ago
3 min read
Reducing Big Law Overhead: Just Cut? Or Re-Think?
Legal demand is flat and large law firms face price pressure. So management has cut Big Law overhead to maintain profits. Above the Law published a graphic summarizing 2013 first-half cutbacks. In the second half, I found 17 ATL reports on AmLaw 100 firms that cut...
Ron Friedmann,
12 years ago
3 min read
The Impact of IBM’s Watson on eDiscovery
Last week, the New York Times published a great article, IBM to Announce More Powerful Watson via the Internet (13 Nov 2013). Will the availability of Watson in the Internet at an affordable price eventually have an impact on eDiscovery and document review? That question came to...
Ron Friedmann,
12 years ago
6 min read
Do Box.com Moves in Legal Portend Bigger Legal Software Changes?
Last summer I joined the Box.com legal market advisory board. My involvement helps me stay current on developing technologies that may benefit the legal market. A Box announcement today triggers this post but I’ll say a few words before I get to that. The few...
Ron Friedmann,
12 years ago
4 min read
Understanding the UnitedLex – LeClairRyan Deal: Interviews with Management
On October 30th, law firm LeClairRyan and legal services provider UnitedLex announced the creation of the LeClairRyan Legal Solutions Center, which involves the transfer of 400 people and physical assets to UnitedLex. On Wednesday afternoon, I spoke to both parties to learn more. My first call was 30 minutes...
Ron Friedmann,
12 years ago
9 min read
Top 10 Ingredients to Embed Legal Project Management Successfully in Law Firms
Legal project management (LPM) may be the fastest growing BigLaw trend. Fast growing, however, does not mean easy. To help with the journey to adopt LPM, Michelle Mahoney has assembled, at the ILTA Blog, practical tips from multiple experts. Below, I offer my Top 10 ingredients to embed project management...
Ron Friedmann,
12 years ago
2 min read
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...
Ron Friedmann,
12 years ago
2 min read
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...
Ron Friedmann,
12 years ago
2 min read
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