Disruption is Dead but Change Lives – What Big Law Needs to Do to Succeed
I will start the new year with thoughts about the future. I see continued evolution of the Big Law market. That evolution is nicely captured in the Citi Private Bank – Hildebrandt Consulting LLC 2015 Client Advisory (PDF), which I summarize and comment on here. I...
Ron Friedmann,
11 years ago
4 min read
ILTA 2014 Law Firm Tech Survey – Highlights
The ILTA 2014 Law Firm Tech Survey was just released. The International Legal Technology Association each year conducts a comprehensive survey of law firm technology. At 301 pages, the report is packed with information. I summarize here findings on practice support and the business of law that I find...
Ron Friedmann,
11 years ago
5 min read
Big Law – Still a Buyer’s Market
This week Altman Weil released its 2014 Chief Legal Officer Survey. It confirms the buying power of general counsels remains strong. The survey presents a range of interesting results. I call your attention to two findings that explain the price pressure that Big Law face. From...
Ron Friedmann,
11 years ago
2 min read
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
What Clients Will Need from Future Legal Providers
What will clients of the future want from their lawyers? The College of Law Practice Management Futures Conference addresses this with three 8-minute TED-style talks. This is a live blog post (please forgive typos or errors). Jeff Carr, former GC of FMC Technologies: NEXT...
Ron Friedmann,
11 years ago
3 min read
Does Citing Professionalism Protect Bad Lawyer Habits?
The legal press and blogs lit up this week when Dentons decided not to report profits per equity partner to the American Lawyer. The PEP discussion I leave to others. I found more interesting a reason Dentons gives: “a focus on profit undermines the differences between the practice of...
Ron Friedmann,
12 years ago
1 min read
Sizing the New, More Diverse Legal Market
Jordan Furlong’s recent blog post, An Incomplete Inventory of NewLaw, spurred an interesting dialog on Twitter among Liam Brown, George Beaton, Jordan, and me. We discussed the size of the NewLaw market. I reproduce, in chronological order, the relevant Tweets. Before any comments, introductions… Liam Brown...
Ron Friedmann,
12 years ago
4 min read
Maintaining Profitability with New Approaches to Legal and Business Support
Today I presented at the ALA 2014 annual conference on Maintaining Profitability with New Approaches to Legal and Business Support. The slides are below. I previously provided a preview of the talk in my March 2014 blog post, Steps to Survive the Coming Competition. Topics I cover include new forms of competition, steps...
Ron Friedmann,
12 years ago
1 min read
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