Snapshot of the Legal Market, Missing Link, and Mystery Disconnect
Two recent surveys, the Altman Weil 2017 Chief Legal Officer (CLO) Survey and the 2018 Report on the State of the Legal Market by The Center for the Study of the Legal Profession at the Georgetown University Law Center and Thomson Reuters Legal Executive Institute and Peer Monitor® provide a...
Ron Friedmann,
8 years ago
6 min read
Rethinking How Clients Buy Legal Services – PERSUIT Platform for RFPs
I recently learned about a new platform, PERSUIT, designed to rethink how clients buy outside counsel and other legal services. Jim Delkousis, a former DLA Piper partner and Founder & CEO of PERSUIT, and I initially spoke in July. I saw the platform and we...
Ron Friedmann,
8 years ago
6 min read
Early Observations from the GC Thought Leader Experiment (Live)
This is a live post of a webinar hosted by Advance Law. In July, An Open Letter From 25 General Counsel published in Corporate Counsel announced a ” real-time exercise to test industry assumptions and understand how to improve the legal market and relationships between law firms and...
Ron Friedmann,
8 years ago
9 min read
Legal Operations – What We Know Now
Legal business operations, especially in corporate law departments, is on the rise. Lawyers in both law firms and law departments require an array of business and administrative support. That support makes a huge difference to legal cost, effectiveness, quality, and turnaround times. Yet operations receives less media coverage than,...
Ron Friedmann,
9 years ago
5 min read
How AdvanceLaw Improves the Corporate Legal Market
The legal market has much room for improvement – we likely all agree on that. But we don’t all agree on exactly how the legal market should be improved. I have therefore long been intrigued by AdvanceLaw, a group of over 150 corporate general counsel with...
Ron Friedmann,
9 years ago
12 min read
Should Law Firms Fear Losing Clients? (Altman Weil 2016 CLO Survey)
Should law firms fear losing clients? Many do already but just how much should they worry? The 2016 Altman Weil CLO Survey provides insight. The report opens with worrying data: 53% of law departments say they shifted a portfolio of work worth $50,000 or more because of a client...
Ron Friedmann,
9 years ago
2 min read
Legal Tech Market: Sizing and Opportunities
After Legal Tech New York in early February, it is easy to forget that legal software includes more than eDiscovery. Today, enterprise legal management software provider Mitratech provides a good reminder. Mitratech’s just-published “Catching the Wave” report sizes the market for legal tech (excluding e-discovery). The survey covers legal...
Ron Friedmann,
10 years ago
3 min read
Is Big Law Having Its Kodak Moment?
A recent report suggests Big Law is having its Kodak moment. Before the turn of the century, “Kodak moments” were good. That successful marketing slogan prompted many snapshots. Today, a Kodak moment more likely means a famous company with a fabulous brand and fantastic market share that misses new technology and goes bankrupt. (See,...
Ron Friedmann,
10 years ago
4 min read
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