If Clients Really Hire Lawyers… What that Means for BigLaw
A Sunday post by Adam Smith, Esq. post provides good perspective on the theme of “law factory” versus bet the farm firms. Who’s Signing Your Paycheck? opens with an anonymous letter from a BigLaw partner to Adam Smith, Esq. asking “why law firms seem to...
Ron Friedmann,
15 years ago
3 min read
The State of BigLaw: What the AmLaw 100 2011 and Two Other Reports Today Tell Us
Three articles today give us a read on the BigLaw market This morning AmLaw Daily (9:41 AM) reported The Am Law 100 2011: Back in Black. This afternoon (5:45 PM), they reported The Am Law 100 2011: Growth Returns. Both report growth of 4%. Take...
Ron Friedmann,
15 years ago
2 min read
The State of BigLaw: What the NLJ 250 Tells Us
The latest National Law Journal (NLJ) 250 report is out, the list of the nations top 250 firms. The results, while not surprising, serve as a good reminder that BigLaw’s heady days may well be past. The NLJ 250 (National Law Journal, 25 April 2011)...
Ron Friedmann,
15 years ago
2 min read
If Cisco Can’t Manage Flip, Can BigLaw Manage LawFactory?
Lately I have wrestled with the question of whether large, high-end law firms (“bet-the-farm”) can offer more pedestrian, lower-end services (“Law Factory”). A New York Times article yesterday, Wreckage at the Intersection of Corporate and Consumer Markets, suggests doing so may be very hard. Reporter...
Ron Friedmann,
15 years ago
1 min read
Is a Law Firm More than a Collection of Solos? The Role of Tech
What makes a law firm a firm, not a collection of solos? From both the client and firm perspective, technology plays a big role in the answer. Client Perspective. I am not sure how general counsels answer this today. Concrete, operational ways to answer...
Ron Friedmann,
15 years ago
2 min read
“Industrializing” Law Firm Service is Not a Dirty Word
Last month Toby Brown and I co-wrote “Bet the Farm” Versus “Law Factory”: Which One Works?. We explored how large law firms could segment their business. Toby discussed tiers of matters and I law firm sub-brands. Today I extend the brand analogy. I asked whether...
Ron Friedmann,
15 years ago
4 min read
Twitter Roundup – March 2011
Since not everyone reads Twitter, I reproduce here a selection of my recent Tweets. If Howrey goes down, leaves big leases. Would BigLaw then think: more working virtually = less space needed = lower fixed obligations #in 28 Feb 2010 As a kid, I lived...
Ron Friedmann,
15 years ago
2 min read
Recognition for Legal Innovation – InnovAction Award 2011
Done something innovative in the legal market? Then get recognition for it. The College of Law Practice Management (I am a trustee) sponsors the InnovAction Award. InnovAction honors innovation in law practice management. Law firms, law departments, and other legal service providers can apply. Innovation...
Ron Friedmann,
15 years ago
2 min read
Do Law Firms Capitalize on their Collective Intelligence?
Two mainstream media articles last week illustrate the power of collective intelligence. Both make me wonder whether large law firms take full advantage of their scale. Herds on the Street (Jonah Lehrer, Wall Street Journal, 19 March 2011) describes how traders at one hedge fund...
Ron Friedmann,
15 years ago
2 min read
“Bet the Farm” Versus “Law Factory”: Which One Works?
Toby Brown of 3 Geeks and a Law Blog and I consider in this joint post the impact of “Law Factories” on the future of large law firms. Introduction – by Toby Brown and Ron Friedmann Law firms face an uncertain future: competitive markets, intense...
Ron Friedmann,
15 years ago
12 min read
Archives
Categories
- Alternative Legal Provider (44)
- Artificial Intelligence (AI) (57)
- Bar Regulation (13)
- Best Practices (39)
- Big Data and Data Science (14)
- Blockchain (10)
- Bloomberg Biz of Law Summit – Live (6)
- Business Intelligence (21)
- Contract Management (21)
- Cool Legal Conferences (13)
- COVID-19 (11)
- Design (67)
- Do Less Law (40)
- eDiscovery and Litigation Support (165)
- Experience Management (12)
- Extranets (11)
- General (194)
- Innovation and Change Management (188)
- Interesting Technology (105)
- Knowledge Management (229)
- Law Department Management (20)
- Law Departments / Client Service (120)
- Law Factory v. Bet the Farm (30)
- Law Firm Service Delivery (128)
- Law Firm Staffing (27)
- Law Libraries (6)
- Legal market survey featured (6)
- Legal Process Improvement (27)
- Legal Project Management (26)
- Legal Secretaries – Their Future (17)
- Legal Tech Start-Ups (18)
- Litigation Finance (5)
- Low Cost Law Firm Centers (22)
- Management and Technology (179)
- Notices re this Blog (10)
- Online Legal Services (64)
- Outsourcing (141)
- Personal Productivity (40)
- Roundup (58)
- Structure of Legal Business (2)
- Supplier News (13)
- Visual Intelligence (14)