Can Law Firms Tap Latent Market for Corporate Contract Management?
I often wonder why more corporations do not deploy enterprise contract management systems. These systems manage the entire contracting process, including negotiation, drafting, execution, and rights management. Already in 2004, I suggested (blog post) contract management was a big opportunity. The opportunity remains large. The Corporate Executive...
Ron Friedmann,
12 years ago
2 min read
Reducing Big Law Overhead: Just Cut? Or Re-Think?
Legal demand is flat and large law firms face price pressure. So management has cut Big Law overhead to maintain profits. Above the Law published a graphic summarizing 2013 first-half cutbacks. In the second half, I found 17 ATL reports on AmLaw 100 firms that cut...
Ron Friedmann,
12 years ago
3 min read
Do Box.com Moves in Legal Portend Bigger Legal Software Changes?
Last summer I joined the Box.com legal market advisory board. My involvement helps me stay current on developing technologies that may benefit the legal market. A Box announcement today triggers this post but I’ll say a few words before I get to that. The few...
Ron Friedmann,
12 years ago
4 min read
BigLaw Musical Chairs: Will Some Firms be Eliminated?
When the music stops in musical chairs, someone has no chair and is out. Are large US law firms playing the game? Many debate the future of large law firms: see the George Beaton blog post and comments at The rise and rise of the NewLaw...
Ron Friedmann,
12 years ago
2 min read
How to Foster Innovation in Law Firms
This is a live post from the Ark Group/Managing Partner’s 9th Annual Knowledge Management in the Legal Profession. This session is Practice Innovation and the Profitability Equation: What is Invested in KM? The panelists: Joseph J. Morford Managing Partner, Tucker Ellis LLP Lisa Chamandy, Counsel, Client Service Innovation & Litigation,...
Ron Friedmann,
12 years ago
3 min read
The Future of Law: Who Will Perform and Regulate It? (Live Post from COLPM)
I am at the College of Law Practice Management Futures Conference in Chicago. Stephen Mayson, Director and Professor of Strategy, Legal Services Institute, London, is the keynote presenter. His topic: The Future of Law: Who Will Perform It? Who Will Regulate It? (This is a live post, please...
Ron Friedmann,
12 years ago
6 min read
Has the ABA Started Down a Slippery Deregulatory Slope?
The ABA, which accredits law schools, is considering proposals that would allow reducing the number of tenured faculty members. What implications might this have for legal regulation more generally? The Wall Street Journal article reporting on this development, Law-School Professors Face Less Job Security (12 August 2012), suggests...
Ron Friedmann,
13 years ago
1 min read
Law Factory Re-Visited and Staying Ahead of the Law Robots
If hotels can run multiple brands in a single location, can lawyers run multiple business lines in one firm? In 2011, I explained “law factory” and “bet the farm” firms by analogy to Hilton Hotels’ multiple brands, Hampton Inn being the factory, Ritz Carlton the...
Ron Friedmann,
13 years ago
2 min read
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