Strategic Legal Technology Blog – Page 98 – Prism Legal

CFOs Put Legal Cost Under Microscope – Do They Understand What They See?

Law Departments / Client Service

CFOs Put Legal Cost Under Microscope – Do They Understand What They See?

One reason legal costs are high is that the customers – general counsels – are cut of the same cloth as their BigLaw suppliers. I’ve predicted that CFOs would need to step in to wrestle control of legal costs (see, e.g., Who’s Failing – Clients...

Ron Friedmann, 18 years ago 2 min read

Roundup (1 Dec 08): BigLaw Alternatives, Inhouse Perspective, Social Media Challenges, LPO Articles, BigLaw Blogging

In this Roundup: new alternatives to BigLaw, inhouse perspectives, social media challenges, LPO articles, and BigLaw blogging. Managing Legal Costs: Focus on Process, Not Price Jordan Furlong, in Decoupling price from cost in legal services, provides examples of the growing alternatives to BigLaw. He also...

Ron Friedmann, 18 years ago 2 min read

JD as Job Credential for non-Law Jobs: Mistaking Cause and Effect?

I am taking a holiday weekend liberty to diverge a bit from my usual topics. As a non-practicing lawyer, reading Is the Versatility of a Law Degree Just a Myth? (The National Law Journal, 1 Dec 2008), I answer yes.” The money quote: “Law schools...

Ron Friedmann, 18 years ago 2 min read

Controlling Cost to Increase Profits

“You can’t save your way to growth” is a common refrain. In the current economic turmoil, however, growing revenue is hard so the focus must be on cost control. A recent report, article, and conference session drive home this point. Hildebrandt is a leading legal...

Ron Friedmann, 18 years ago 1 min read

Could BigLaw Unravel

Could BigLaw follow Wall Street in unraveling? Few saw that Wall Street Masters of the Universe were really Naked Emperors? Michael Lewis, of Liar’s Poker, writes in The End (Portfolio.com, 11 Nov 2008) about a few who did see the emperor had no clothing. Could...

Ron Friedmann, 18 years ago 1 min read

Help for Laid Off BigLaw Associates (and musings on social networks)

If you are friends with any associates laid off from large law firms, point them to Legal OnRamp for networking and resources. Legal OnRamp (LOR) is a social networking site exclusively for legal professionals. LOR is primarily for inhouse lawyers but is currently inviting laid-off...

Ron Friedmann, 18 years ago 1 min read

eDiscovery and Litigation Support

EDD Concept Searching

Will Uppington of Clearwell has a good post called Concept Search Versus Keyword Search in Electronic Discovery . It offers a helpful explanation and comparison of concept search versus categorization. He concludes that for concept searching “use to become widespread, it will need to become...

Ron Friedmann, 18 years ago 1 min read

eDiscovery and Litigation Support

E-Discovery – The First Full Page WSJ Ad?

One measure of market size is the advertising for it. In a possible first, the Wall Street Journal today has a full-page ad for an e-discovery product. Turn to B5 to see (at least in the editions delivered to DC and NYC areas) a full-page...

Ron Friedmann, 18 years ago 1 min read

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