ACC 2013 Value Champions Suggest Bright Future for Law Firm Alternatives
The ACC recently announced its Value Champions winners of its 2013 Value Challenge in its article More Corporate Law Departments Turn to Legal Support Services to Reduce Excessive Fees. Winners have several common elements: Move more work inhouse Reduce the number of outside law firms (“convergence”)...
Ron Friedmann,
13 years ago
5 min read
Contradictory BigLaw Trends – The Mixed News of the Day
Normally I don’t just dash off a blog post and list articles. The news today, however, calls some quick links and comments. The New York Times Dealbook reported this morning Big Law Firm to Cut Lawyers and Some Partner Pay. Weil Gotshal is set to...
Ron Friedmann,
13 years ago
3 min read
Will Unbundling Undo Biglaw?
A New York Times article last Monday, More Cracks Undermine the Citadel of TV Profits, offers the legal market lessons on how unbundling can shake-up established players. With the growth of media delivery options, consumers no longer must buy bundles of channels from cable companies....
Ron Friedmann,
13 years ago
4 min read
Lessons from Luxury Goods for the Charmed Circle (top NYC Law Firms)
Eric Chin of Beaton Capital recently wrote a nice analytic piece about the Charmed Circle law firms – the top NYC law firms. The Charmed Circle of BigLaw firms in the USA (April 9, 2013) presents an excellent financial analysis of these top firms. He...
Ron Friedmann,
13 years ago
3 min read
Collaboration and Innovation in the New Normal (Live Post from Georgetown Law Conference)
This is live post from the Georgetown Law conference, The Shrinking Pyramid: Implications for Law Practice and the Legal Profession. This session is Collaboration and Innovation in the New Normal. (As this is a live post, please forgive any typos or failures accurately to report...
Ron Friedmann,
13 years ago
7 min read
Reverse Engineering Legal Logic (Live from ReInvent Law)
This is a live post from the Reinvent Law Silicon Valley conference in Mountain View, CA. Please forgive any typos or errors in conveying what speakers say. Now up, in a six minute Ignite-style talk, is Kingsley Martin, CEO of KM Standards (formerly Kiiac) on...
Ron Friedmann,
13 years ago
2 min read
The New Narrative for BigLaw
Earlier today I posted five Tweets that tell a short but compelling narrative of the sea change in the large law firm market in the US and other Anglo nations. 1. Bruce McEwen, aka Adam Smith, Esq., wrote a great series of blog posts called...
Ron Friedmann,
13 years ago
3 min read
The Onshore Law Factory – Carillion UK Example
A news item today explains how one large UK company has built its own “law factory”. I periodically write about law factory as a way to handle high volume, lower value legal work. Whether it is suitable only for commoditized work or also ‘bread and...
Ron Friedmann,
13 years ago
2 min read
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