Law Firm Fusion, Unicorns, and Ads
Mainstream news often holds hidden lessons for law firms. Three articles on Monday about fusion, unicorns, and ads make me think about Big Law. “Fusion” (Mergers) With Fusion of Insurers, Questions for Patients (New York Times) reports on the potential impact of health insurance mergers on patients....
Ron Friedmann,
11 years ago
3 min read
It’s a Debate: Should Law Firms Hire a Pricing Professional?
This is a live blog post of the Legal Marketing Association (LMA) webinar, It’s a Debate: Should Law Firms Hire a Pricing Professional? [Please forgive any typos or inaccuracies. I hit publish as a session ends. Any editorial comments in square brackets preceded by my initials,...
Ron Friedmann,
11 years ago
6 min read
IBM Watson – Crowdsourcing Questions for World of Watson (May 5-6)
I am attending the IBM World of Watson conference on Tuesday and Wednesday, May 5 and 6, in NYC. Many in the legal market have speculated about the role Watson can and will play. I hope to advance understanding what is possible in legal with...
Ron Friedmann,
11 years ago
4 min read
Allen & Overy Legal Tech Initiative – R&D at Last but a Question
I have long suggested that law firms invest in research and development to deliver more value to clients. Now one has. The Lawyer (UK, April 7) writes in Allen & Overy invests seed corn funding into “experimental” technology group i2 that the firm is funding and “launching an...
Ron Friedmann,
11 years ago
2 min read
Big Law, Fast Food, and Lawyer Exceptionalism
Reading McDonald’s Seeks Its Fast-Food Soul in the New York Times this weekend got me thinking about Big Law and the legal market. What could fast food possibly have to do with Big Law? Maybe nothing. But many markets try to learn from other industries. And perhaps lawyers...
Ron Friedmann,
11 years ago
3 min read
Strategies for Change Management in Large Law Firms
Lawyers and law firms have a reputation for resisting new things. Yet both have changed quite a bit in recent decades. Understanding these changes, and how to encourage future ones, was the topic of a presentation – Strategies for Change Management – that my colleague Jim Tuvell and...
Ron Friedmann,
11 years ago
4 min read
Legal Market Revival (?) and Trends – Live from the Legal Tech Blogger Breakfast
This is a live blog post from the Legal Tech NY 2015 bloggers breakfast. [Apologies for lack of links – I did not have names before the session. As with all live posts, please forgive typos and errors.] Molly Miller of ALM is the moderator and...
Ron Friedmann,
11 years ago
3 min read
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
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