Large Law Firm Trends in 2020 – Part 2 (Efficiency + Value)
Large law firms have faced growing pressure since 2010 to deliver more value to clients, creating pressure for efficiency and lower rates. The 2020 Law Firms in Transition Survey (June 2020) reports on large law firm trends. In my Part 1 post, I covered survey...
Ron Friedmann,
5 years ago
6 min read
The Client Quest for Value – Innovation, Insourcing, and Outsourcing
Recent surveys and news items illustrate clients’ quest for value, the challenge of innovation, and renewed interest in outsourcing for value. Can we draw any conclusions from these disparate items? Innovation Gap Survey by Thompson Hine Last week, Thompson Hine released a firm-sponsored survey of almost...
Ron Friedmann,
8 years ago
5 min read
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
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
Who’s Managing Big Law Alternative Staffing?
Altman Weil’s recently released 2016 Law Firms in Transition survey is good reading for all law firm management. For me, the questions it raises are the number of non-partner track lawyers and who’s managing Big Law alternative staffing? The survey found that a “majority of firms are practicing basic...
Ron Friedmann,
10 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
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