The Future of Lawyers?
What will it mean in the future to be a lawyer? For an excellent, sweeping view of the future, read Richard Susskind’s The End of Lawyers?. On his website, Susskind asks “what elements of their current workload could be undertaken more quickly, more cheaply, more...
Ron Friedmann,
16 years ago
4 min read
BigLaw New Normal Looks Bad – More ‘WilmerHale Moves’ Coming?
More evidence has come in that the new normal for large law firms looks bad: the Hildebrandt Baker Robbins Peer Monitor Economic Index (PMI). This index is a function of demand (billable hours), productivity (hours per lawyer), rates, direct expenses, and overhead expenses. The 2010...
Ron Friedmann,
16 years ago
2 min read
Large Law Firm 2009 Financial Performance – An Analysis by Steve Nelson of TMG
This week I read an excellent analysis of BigLaw financial performance. I share it here and add a few comments. My friend Steve Nelson of The McCormick Group, an executive search firm with a big legal practice, is an astute observer of the legal...
Ron Friedmann,
16 years ago
4 min read
Open Source Law – How Big a Savings?
Here’s a thought experiment designed to think about knowledge management, open source law, and the process of law practice. The goal is to identify one way lawyers might save time and money and deliver more value to clients. In a thought experiment, we can throw...
Ron Friedmann,
16 years ago
4 min read
David Wilkins on Mega Trends for Legal Profession (Session Report, Georgetown Law Conf)
I am attending Law Firm Evolution: Brave New World or Business As Usual? at the Georgetown Center for the Study of the Legal Profession. Here is my session report on the concluding remarks by David B. Wilkins, Lester Kissel Professor of Law and Director, Program...
Ron Friedmann,
16 years ago
2 min read
Business Models: Strategy and Governance (Session Report, Georgetown Law Conf)
I am attending Law Firm Evolution: Brave New World or Business As Usual? at the Georgetown Center for the Study of the Legal Profession. Here is my session report for “Business Models: Strategy and Governance.” Presentations: Business Models in Legal Practice: Toward Definition and...
Ron Friedmann,
16 years ago
9 min read
Creative Destruction and Innovation (session report, Georgetown Law)
I am attending Law Firm Evolution: Brave New World or Business As Usual? at the Georgetown Center for the Study of the Legal Profession. Here is my session report for the session “Creative Destruction and Innovation.” First, however, the panelists: Presentations: Coase, Schumpeter, and...
Ron Friedmann,
16 years ago
8 min read
Emerging Relationships Between Law Firms and Clients (Tweeted Conference Report)
On Sunday evening, 21 March 2010, I attended the first panel of Law Firm Evolution: Brave New World or Business As Usual? at the Georgetown Center for the Study of the Legal Profession. Reproduced here are my live Tweets from “Emerging Relationships Between Law Firms...
Ron Friedmann,
16 years ago
5 min read
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