Recent Takes on the New Normal for BigLaw
Some recent commentary suggests that the economic crisis has caused a lasting change in the legal market. For a time, I feared the crisis had been wasted, that BigLaw would not change. I see and hear comments from more and more directions that the new...
Ron Friedmann,
16 years ago
4 min read
Can Lawyers Live in an Approximate and ‘Good Enough’ Universe?
Lawyers like precision. As a result, they often let the perfect be the enemy of the good. The new economic reality may force them to live with approximation and ‘good enough.’ First, a story. After graduating NYU Law I worked for Bain & Company as...
Ron Friedmann,
16 years ago
3 min read
How Law Firms Can Win the Business Development Battle
As law firms try to shift from reverse in 2009 to forward in 2010, they should remember that the easiest way forward is to win more business from existing clients, not get new clients. A new tool, Client Profiles by LexisNexis, is a promising way...
Ron Friedmann,
16 years ago
5 min read
Choice of Concept Search Tool in e-Discovery May Matter Less Then You Think
Tom O’Connor and I recently wrote a joint blog post about concept search software for e-discovery. Subsequently, we received comments from Herb Roitblat of Orcatec, an expert in information management, data mining, statistics, and eDiscovery processes. I share his comments here. Tom posted at his...
Ron Friedmann,
16 years ago
5 min read
The E-Discovery Battle between Vendors and Firms Has Arrived?
Economic hardship has forced general counsels to cut costs. Most large law firms have, in turn, laid-off lawyers and staff and acquiesced to demands for alternative fee arrangements. Smart firms are also trying to differentiate themselves. For example, many now aim to become end-to-end e-discovery...
Ron Friedmann,
16 years ago
3 min read
Is Legal Consulting Going the Way of BigLaw?
BigLaw economics likely have changed permanently. Is the same true for the consulting companies that advise large law firms? Consider that virtual law firms and boutiques now compete effectively with large law firms for a wide range of matters. This is true because Cost pressures...
Ron Friedmann,
16 years ago
2 min read
Overhead Cost at Large Law Firms Matters After All
Large law firms historically have not spent much energy managing overhead cost. To be sure, BigLaw lay-offs are rampant but these have been aimed mainly at lawyers; staff have been cut in rough proportion to typical support ratios. News last week, however, suggests that firms...
Ron Friedmann,
16 years ago
3 min read
BigLaw Starts the Post-Modern Era
When architect Philip Johnson put a neo-Georgian Chippendale pediment atop the then-new AT&T (now Sony) building in 1984, he ushered in post-modernism. When an architect of the way BigLaw firm works says there’s a new style in town, take note. Hildebrandt launches the week of...
Ron Friedmann,
16 years ago
2 min read
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