State of the US Legal Market Summed Up in 3 Tweets
Each Friday I select three of the best and most interesting Tweets from the prior week as my “Tweets of the Week”. Last week, I was struck by how my picks tell the current story of the legal market… With demand flat, Big Law faces...
Ron Friedmann,
12 years ago
1 min read
Where is the Excitement about the Future of the Legal Market?
Every day I read about big and exciting changes in industry. On Monday, the New York Times reported on the huge impact graphene could have in electronics and other industries, Forbes on the first artificial red blood cells that may go into production. Change happens even in old...
Ron Friedmann,
12 years ago
1 min read
Middle Office Support for Law Firms – Captives v Outsourcing
Many large US law firms own and operate low cost service centers. These “captives” provide a range of “middle office” support such as IT, finance, word processing, and business research. Since 2012, five US firms announced or opened captives: Pillsbury (Nashville), Bingham (Lexington), Kaye Scholer...
Ron Friedmann,
12 years ago
4 min read
Steps to Survive the Coming Competition
[This post was first published at the 2014 ALA Annual Conference & Exposition Blog on 3 Feb 2014. Conference info here.] Many in the legal market talk about a “New Normal” where margin pressure is the norm. Is this true, and does it matter? Yes, and here’s why....
Ron Friedmann,
12 years ago
3 min read
Improving Contract Management and Analysis
For over two decades, eDiscovery and computer assisted review hogged the legal technology limelight. Now, tools to improve contract management and analysis finally have hit the market. I share here why two fairly new products – Seal Software and DiligenceEngine – are good news for transactional lawyers. This...
Ron Friedmann,
12 years ago
4 min read
Is a JD Really Necessary to Do Document Review?
Last week I posed a question on Twitter: “Does a person doing #eDiscovery doc review need a JD? Not asking what market wants. Asking what law / ethics say.” That led to a lively discussion. No one chimed in to say a JD is required....
Ron Friedmann,
12 years ago
2 min read
Lines Between Legal Businesses Blur – Law Firm as LPO – Radiant Law
Radiant Law, a new model UK law firm founded in 2011, announced today that the firm is opening its own legal process outsourcing (LPO) center in South Africa. To be sure, many large firms have opened low cost service centers. Just this week, for example, Hogan...
Ron Friedmann,
12 years ago
5 min read
Adopting Legal Project Management at Gowlings – Case Study in Change Management
Until 2008, large law firms experienced ever-increasing demand and hourly rates. Success was easy – just avoid big blunders. That’s not true today. Clients now have market power and want better value. Today, to keep and win business, firms must deliver value. Legal project management...
Ron Friedmann,
12 years ago
4 min read
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