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
What is the Impact of a Low Cost Center When Law Firms Merge?
Earlier this week Kevin Colangelo of Elevate Services wrote a nice blog post, The Business of Law: Addressing Law Firms’ Concerns Over “Control” in Managed Services Relationships. He explains the benefits of outsourcing middle office support over building a captive and addresses lawyers’ concerns with control. News...
Ron Friedmann,
11 years ago
2 min read
Will Low Cost Centers become a Big Law Norm?
Another large law firm announced today the opening of a low-cost service center. Torys is opening in Halifax. The Globe & Mail in Bay Street law firm launches legal ‘incubator’ in Halifax reports that the “office will be charged with developing new, more efficient ways of doing this kind...
Ron Friedmann,
12 years ago
1 min read
Middle Office Support for Law Firms – Captives v Outsourcing
Many large US law firms own and operate low cost service centers. These “captives” provide a range of “middle office” support such as IT, finance, word processing, and business research. Since 2012, five US firms announced or opened captives: Pillsbury (Nashville), Bingham (Lexington), Kaye Scholer...
Ron Friedmann,
12 years ago
4 min read
Understanding the UnitedLex – LeClairRyan Deal: Interviews with Management
On October 30th, law firm LeClairRyan and legal services provider UnitedLex announced the creation of the LeClairRyan Legal Solutions Center, which involves the transfer of 400 people and physical assets to UnitedLex. On Wednesday afternoon, I spoke to both parties to learn more. My first call was 30 minutes...
Ron Friedmann,
12 years ago
9 min read
Two Big US Firms Cut Staff Costs as Legal Tech NY Starts
In what is likely a pure coincidence but one could view symbolically, as Legal Tech New York begins today, articles today report on two large US law firms that have announced significant steps to reduce staff costs. The bigger announcement is Kaye Scholer Latest Large...
Ron Friedmann,
13 years ago
2 min read
BigLaw Growth is Dead – Lower Cost Support Tipping Point?
Skip this post if you believe the BigLaw market will return to its pre-2007 state. If not, does your firm have a strategy to control and reduce costs? Two reports last week remind us of the tough market Biglaw faces. Bruce MacEwen, aka Adam Smith,...
Ron Friedmann,
13 years ago
2 min read
Law Firms Adopting Legal Processing Outsourcing Methods
Legal process outsourcing (LPO) hit the legal news almost 10 years ago. Initially, it was controversial. Whatever your views of it, you should note that law firms are now widely adopting its techniques. I first observed the trend of ‘law firms becoming LPO providers’ in...
Ron Friedmann,
14 years ago
2 min read
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