The State of BigLaw: What the NLJ 250 Tells Us
The latest National Law Journal (NLJ) 250 report is out, the list of the nations top 250 firms. The results, while not surprising, serve as a good reminder that BigLaw’s heady days may well be past. The NLJ 250 (National Law Journal, 25 April 2011)...
Ron Friedmann,
15 years ago
2 min read
If Cisco Can’t Manage Flip, Can BigLaw Manage LawFactory?
Lately I have wrestled with the question of whether large, high-end law firms (“bet-the-farm”) can offer more pedestrian, lower-end services (“Law Factory”). A New York Times article yesterday, Wreckage at the Intersection of Corporate and Consumer Markets, suggests doing so may be very hard. Reporter...
Ron Friedmann,
15 years ago
1 min read
Is a Law Firm More than a Collection of Solos? The Role of Tech
What makes a law firm a firm, not a collection of solos? From both the client and firm perspective, technology plays a big role in the answer. Client Perspective. I am not sure how general counsels answer this today. Concrete, operational ways to answer...
Ron Friedmann,
15 years ago
2 min read
“Industrializing” Law Firm Service is Not a Dirty Word
Last month Toby Brown and I co-wrote “Bet the Farm” Versus “Law Factory”: Which One Works?. We explored how large law firms could segment their business. Toby discussed tiers of matters and I law firm sub-brands. Today I extend the brand analogy. I asked whether...
Ron Friedmann,
15 years ago
4 min read
Do Law Firms Capitalize on their Collective Intelligence?
Two mainstream media articles last week illustrate the power of collective intelligence. Both make me wonder whether large law firms take full advantage of their scale. Herds on the Street (Jonah Lehrer, Wall Street Journal, 19 March 2011) describes how traders at one hedge fund...
Ron Friedmann,
15 years ago
2 min read
“Bet the Farm” Versus “Law Factory”: Which One Works?
Toby Brown of 3 Geeks and a Law Blog and I consider in this joint post the impact of “Law Factories” on the future of large law firms. Introduction – by Toby Brown and Ron Friedmann Law firms face an uncertain future: competitive markets, intense...
Ron Friedmann,
15 years ago
12 min read
Should Law Firms Impose a Cover Charge?
Should law firms charge a minimum (“cover”) to accept a client? I think that is perfectly reasonable. Indeed, it is more than reasonable, it is a good practice. On February 2nd, I tweeted “Legal Week reports DLA Piper will require new clients spend annual minimum,...
Ron Friedmann,
15 years ago
3 min read
Is ERP the Future Infrastructure of Large Law Firms
This is a live blog post from Legal Tech NY of the session Why ERP Now for Law Firms?, presented by Martin Telfer, Global Director, GIS, Baker & McKenzie (“BM”). BM has 70 offices in 40 countries with 10,000 users. BM currently uses Elite...
Ron Friedmann,
15 years ago
3 min read
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