Since 2012, I have written and spoken about the theme of Do Less Law. See my Do Less Law blog posts and #DoLessLaw Tweets.
Corporate law departments that want to reduce cost and improve outcomes cannot simply settle for bringing work in-house and lower legal fees. They must practice prevention, improve process, allocate legal resources on a risk-adjusted basis, and apply data analytics to predict outcomes. Efficiency saves some money but avoiding problems saves more.
Below I have assembled a DoLessLaw 2014 recap. The Tweets below, organized into a few categories, offer ideas and comments on prevention and doing less law with better process, big data, and new commercial services. At the end of the post, I have a couple of Tweets that provide links to my 2014 ReInvent Law presentation on this topics, and the Tweet stream about it.
As always, the floor is open in the comments section for other ideas and feedback.
PROCESS IMPROVEMNT
How IBM Shrunk a Complex Contract Down to 2 Pages. ALM http://t.co/SMgfbb3jLz || Great #DoLessLaw example.
— ronfriedmann (@ronfriedmann) December 16, 2014
MT @JEGrant3: Draft a Smarter Fee-Shifting Contract Clause http://t.co/gBo4x1DQ9U | Great advice to encourage parties to #DoLessLaw
— Corporate Counsel (@CorpCounsel) November 20, 2014
MT @ronfriedmann: Perfection Is the Enemy of Good. @pwoldow http://t.co/XzGFP41SWe || Case to #DoLessLaw – let client decide risk + costs
— jaredcorreia (@jaredcorreia) August 27, 2014
Silicon Valley doing deal w/o i-bankers. Impact on lawyers? #DoLessLaw. || http://t.co/GyofhDsHCJ
— ronfriedmann (@ronfriedmann) August 18, 2014
Simple changes in complex contracts can save time – great example by @tcummins http://t.co/OExZsrMuD6 || #DoLessLaw
— ronfriedmann (@ronfriedmann) July 21, 2014
MT @ronfriedmann: More Start-Ups Are Sharing Ideas W/o Legal Protection http://t.co/tiEdHTKcQk || Entrepreneurs realize #DoLessLaw is better
— OnlineLegalSoftware (@OLSoftwareNYC) July 9, 2014
RT @ronfriedmann: Law by design @CBAnatmag http://t.co/VnxzQIzTZR || Improve legal services delivery + #DoLessLaw with good design
— Simon Lewis (@SinchLegal) May 12, 2014
Law dept innovation @InsideCounsel http://t.co/eyRqlExY12 || Cicso’s Harmon suggest more standardizing law – like the Internet. #DoLessLaw
— ronfriedmann (@ronfriedmann) April 28, 2014
RT @ronfriedmann: Walk the talk: Put agile manifesto into action at in-house legal dept @ABAJournal http://t.co/V0Nyj8Fclu || #DoLessLaw
— DanPinnington (@DanPinnington) March 4, 2014
.@ronfriedmann The Costs of Working Too Much #DoLessLaw http://t.co/MJIdt2VOxd
— D. Casey Flaherty (@DCaseyFlaherty) February 9, 2014
“How new tech can help lawyers rethink their jobs in the big data age” (12.31.13) @gigaom http://t.co/5pf4aAhkS4 || A path to #DoLessLaw
— ronfriedmann (@ronfriedmann) January 13, 2014
BIG DATA FOR PREVENTION
Stopping Bankers before They Stray http://t.co/jpQ6jdAIB5 || @dreasoning helps @GoldmanSachs to #DoLessLaw with prevention
— ronfriedmann (@ronfriedmann) October 13, 2014
Speeding Up Settlement w Predictive App (@PictureSettled) ALM http://t.co/tLlZcVwBUj || What % of #LTNY14 helps #DoLessLaw like this?
— ronfriedmann (@ronfriedmann) February 4, 2014
“How new tech can help lawyers rethink their jobs in the big data age” (12.31.13) @gigaom http://t.co/5pf4aAhkS4 || A path to #DoLessLaw
— ronfriedmann (@ronfriedmann) January 13, 2014
Anyone know of @IBMWatson use in legal market, esp. for preventive law? #DoLessLaw. (See NYT today on Watson: http://t.co/jknQpOj3jR)
— ronfriedmann (@ronfriedmann) January 9, 2014
LEGAL / COMMERCIAL SERVICES To DO LESS
Legal inefficiency tackled in a full-page WSJ ad. An aid to #DoLessLaw pic.twitter.com/pGoIPrIOSs
— ronfriedmann (@ronfriedmann) September 22, 2014
New libraries of Checklists, Contracts, and Clauses, all fully cross referenced #contracts #km #DoLessLaw http://t.co/XTzxt7M5zI
— ContractStandards (@KStandards) July 9, 2014
@AllenOveryDS Complex law made simple + Fixed annual fee = Over 190 institutions using our services http://t.co/0DjuQYZaZx #DoLessLaw
— Derivative Services (@AllenOveryDS) June 4, 2014
REINVENT LAW TALK and TWEET STREAM SUMMARY
My #ReInventLaw talk (Feb 2014) on #DoLessLaw on video:http://t.co/P4ia47F6ag
— ronfriedmann (@ronfriedmann) June 23, 2014
RT @LXBN: @ronfriedmann wants lawyers to #dolesslaw http://t.co/UsSacvPMq7 #reinventlaw
— Kevin O’Keefe (@kevinokeefe) February 8, 2014