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…
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….
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…
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:…
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…
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…
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…
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…
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