Legal Market and Large Law Firm Trends from TRI COO – CFO Conference
This is a live blog post from the Law Firm COO & CFO Forum by Thomson Reuters. The opening session is The Market Setting – Trends Driving New Approaches to Legal Practice, which covers large law firm trends and the legal market.. The presenters are...
Ron Friedmann,
11 years ago
8 min read
Legal Innovation on Continental Europe – Xenion Legal
Innovation in the continental European legal market has long seemed to lag relative to the UK, US, and Australia. I have puzzled if my perception was wrong or reflects an actual lag. A recent conversation with a European innovator suggests it is the latter. And...
Ron Friedmann,
11 years ago
7 min read
Big Law Changing or Being Disrupted?
The legal market has seen a running debate since the economic crash: is Big Law being disrupted? My short answer is no, it’s only changing. It’s not the three conferences in February alone on this question that prompt me to write today. Rather, it’s the appearance...
Ron Friedmann,
11 years ago
3 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
Law Departments Have Growing Choices – Should Law Firms Worry (More on Axiom Law and Other Alternatives)
Recent commentary suggests that large law firms have 10 to 15% too much capacity. If so, we can expect to see further BigLaw shrinkage. In contrast, alternative legal providers continue to grow and offer innovative services. What can we learn from these alternatives? Last week,...
Ron Friedmann,
12 years ago
8 min read
ACC 2013 Value Champions Suggest Bright Future for Law Firm Alternatives
The ACC recently announced its Value Champions winners of its 2013 Value Challenge in its article More Corporate Law Departments Turn to Legal Support Services to Reduce Excessive Fees. Winners have several common elements: Move more work inhouse Reduce the number of outside law firms (“convergence”)...
Ron Friedmann,
13 years ago
5 min read
Law Firm Alternates Grow Rapidly, Chip Away at BigLaw
Three news items caught my eye last week and help explain the challenges large law firms face. Citi Private Banking, which offers regular and reliable financial analysis of large law firms, reported on 2012 large law firm financial results in Citi: Firms Posted 4.3 Percent...
Ron Friedmann,
13 years ago
3 min read
The Rise of Axiom Law
Anyone interested in the evolution of the legal market should read The Disruptive Innovation at Axiom’s Legal Outsourcing Division in the July issue of the The American Lawyer. Highlights of Axiom from AmLaw Article. Key facts and quotes from the article: Axiom is a C-class...
Ron Friedmann,
14 years ago
3 min read
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