Big Law – Still a Buyer’s Market
This week Altman Weil released its 2014 Chief Legal Officer Survey. It confirms the buying power of general counsels remains strong. The survey presents a range of interesting results. I call your attention to two findings that explain the price pressure that Big Law face. From...
Ron Friedmann,
11 years ago
2 min read
Legal Market and Large Law Firm Trends from TRI COO – CFO Conference
This is a live blog post from the Law Firm COO & CFO Forum by Thomson Reuters. The opening session is The Market Setting – Trends Driving New Approaches to Legal Practice, which covers large law firm trends and the legal market.. The presenters are...
Ron Friedmann,
11 years ago
8 min read
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,
12 years ago
3 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
Adopting Legal Project Management at Gowlings – Case Study in Change Management
Until 2008, large law firms experienced ever-increasing demand and hourly rates. Success was easy – just avoid big blunders. That’s not true today. Clients now have market power and want better value. Today, to keep and win business, firms must deliver value. Legal project management...
Ron Friedmann,
12 years ago
4 min read
Law as Engineering (ReInvent Law Live)
David Howarth on Law as Engineering at ReInvent Law NYC. (Live post – forgive errors.) What is that lawyers do? Public thinks it is litigation. In UK, 80% of lawyers are not involved in litigation. Lawyers create documents that are useful to their clients. They...
Ron Friedmann,
12 years ago
1 min read
Knowledge Management Priorities in Large Law Firms – 2014 Survey
I report here on a recent privately-conducted knowledge management survey. Survey Background and Questions. This survey is part of the preparation for a meeting of KM professionals to discuss KM trends, issues, and opportunities. The co-organizers (of which I am one) surveyed invitees about their...
Ron Friedmann,
12 years ago
5 min read
Clifford Chance Adopts Continuous Improvement Program
This week Clifford Chance, one of the largest law firms in the world, published a white paper called Applying Continuous Improvement to high-end legal services. I view it as a potential turning point in BigLaw. A few other law firms, especially Seyfarth Shaw with SeyfarthLean, have...
Ron Friedmann,
12 years ago
5 min read
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