Legal Outsourcing Widely Accepted but Not All that Popular
In a forthcoming article on legal process outsourcing, I conclude that LPO “is just one of many alternatives to large law firms… just a small part of a new legal landscape.” Since I submitted it for publication, Altman Weil released its 2013 Law Firms in...
Closing the Gaps in BigLaw Performance – Can We Do It?
From the macro to the micro, from strategic direction to execution details, law firms face challenges. Several news items and blog posts last week take us through these pressing legal market questions. The Strategic Overview. Bruce McEwen in A law firm taxonomy: Introduction (21 May...
What Lawyers and Media Moguls Have in Common
Two New York Times articles on Monday make me think that lawyers have more in common with media moguls than I thought. Solving Equation of a Hit Film Script, With Data explains that “The same kind of numbers analysis that has reshaped areas like...
Lawyer Productivity in Alternative Fee Arrangement (AFA) World
One reason that clients of large law firms want alternative fee arrangements (AFA) is to drive efficiency. The right AFA structure motivates firms to maximize productivity. In AFA World, what does productivity mean and can firms improve it? In Billable Hour World, “productivity” means annual...
Will Unbundling Undo Biglaw?
A New York Times article last Monday, More Cracks Undermine the Citadel of TV Profits, offers the legal market lessons on how unbundling can shake-up established players. With the growth of media delivery options, consumers no longer must buy bundles of channels from cable companies....
Lessons from Luxury Goods for the Charmed Circle (top NYC Law Firms)
Eric Chin of Beaton Capital recently wrote a nice analytic piece about the Charmed Circle law firms – the top NYC law firms. The Charmed Circle of BigLaw firms in the USA (April 9, 2013) presents an excellent financial analysis of these top firms. He...
Collaboration and Innovation in the New Normal (Live Post from Georgetown Law Conference)
This is live post from the Georgetown Law conference, The Shrinking Pyramid: Implications for Law Practice and the Legal Profession. This session is Collaboration and Innovation in the New Normal. (As this is a live post, please forgive any typos or failures accurately to report...
My Cloud Romance is Over and Other Personal Productivity Updates
I periodically report on personal productivity issues based on my experience. I’ll start with the good news – a neat expense tracking app – and the move to the bad news, cloud disappointment and Verizon FIOS. Expense Tracking Made Easy. I started using BizXpenseTracker on...