Strategic Legal Technology Blog

Twitter Roundup – May 2011

Since not everyone reads Twitter, I reproduce here a selection of my recent Tweets. Using Google doc for 1st time in a while (for a legal #KM group). Finding editing easier than in Word. Will report if KM profs share 🙂 ! 01 May 11...

Ron Friedmann, 15 years ago 1 min read

General

New Insight from Altman Weil on Evolving Legal Market Trends – AFA and LPO

Altman Weil has released the results of its 2011 survey of US law firms, Law Firms in Transition, by Thomas S. Clay and Eric A. Seeger . Anyone interested in the financial performance of US law firms, including BigLaw, should read this. My focus here,...

Ron Friedmann, 15 years ago 2 min read

Law Factory v. Bet the Farm, Legal Process Improvement

Process Improvement – LPO and KM – as Legal Market Disruptors

Legal process outsourcing (LPO) has long meant “lower cost labor in India” to many lawyers. But LPO is fundamentally more about working smarter, not cheaper. A recent New York Times article drives home this point. And an American Lawyer op-ed explains the “news behind the...

Ron Friedmann, 15 years ago 3 min read

Law Factory v. Bet the Farm

The New Imperative for Professional Support Lawyers

I recently spoke with Ian Nelson of the Practical Law Company (PLC) about the role of professional support lawyers (PSL) in large US law firms. Regular readers know that PSLs play a leading role in knowledge management (KM). They generate precedents, research new law, and,...

Ron Friedmann, 15 years ago 5 min read

Online Legal Services

Koncision Breaks New Ground in Contract Drafting

Koncision is a relatively new service by contracts expert Ken Adams (@KonciseD). It offers clear, concise, and quickly drafted contracts via an interactive web service. I comment here on why this is a notable development and briefly review my experience using it. Koncision is notable...

Ron Friedmann, 15 years ago 4 min read

General

Do Law Firms Talk about Clients?

I had an “aha” moment on Monday when I read a Tweet by Susan Hackett of ACC: “At the ALA Annual Conf: so many firms talking about firms-no one talking about clients … yet! I’m up tomorrow.” Just where are law firms on client service...

Ron Friedmann, 15 years ago 2 min read

General

Outside Investment in Law Firms – A Plus for Legal Tech?

Some who now manage or have managed law firm technology believe that legal software has never reached its full potential. One impediment is now under attack. Ethics rules bar non-lawyer investment in law firms. As a result, law are thinly capitalized; partners want to get...

Ron Friedmann, 15 years ago 2 min read

Business Intelligence

Data, Data, Everywhere… Someday in Legal Too

Can law firms take advantage of explosive data growth? And I am not talking about e-discovery. Last Friday, New Ways to Exploit Raw Data May Bring Surge of Innovation, a Study Says in the New York Times explained that both businesses and consumers create ever-increasing...

Ron Friedmann, 15 years ago 3 min read

General

Should Law Firms Price Dynamically?

I recently received an interesting e-mail from a friend who is a senior manager in a large law firm. He raised the idea of “dynamic pricing”, which is how airlines price seats and a mechanism some thinkers suggest will become more common for other consumer...

Ron Friedmann, 15 years ago 4 min read

Roundup

Twitter Roundup – April 2011

Since not everyone reads Twitter, I reproduce here a selection of my recent Tweets. Hildebrandt law firm Peer Monitor Index Q1 http://bit.ly/mzBZLz || PMI up, rate pressure, success more variable, can’t cut expenses more 29 Apr @PaulLippe on the New Legal Market Normal in @abajournal...

Ron Friedmann, 15 years ago 2 min read

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