Dentons Nextlaw Labs‘ Maya Markovich understands that rational lawyers would observe market dynamics and client pressures to weigh the costs and benefits of adapting their behaviors to survive change, stay employed, and make their work more fulfilling. But, people don’t always make rational decisions. And, law firm’s economic structure incentivizes lower efficiency as a method of obtaining higher revenue. Join us as we walk through issues of change management, behavioral science, ethical fading, and legal industry business models and where Markovich and Grey believe the industry is headed in the not too distant future.
Check out Maya and Ivy’s three-part blog series:
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Information Inspirations
It’s the legal innovation’s Oscars time of the year. Many of our friends and colleagues have made the list of this year’s Fastcase50 and College of Law Practice Management Fellowships. Congrats to them all!!
Legal Innovators have some habits they need to change. Victoria Hudgins addresses those in her article on CIOs Reveal 4 Mistakes Every Law Firm Innovation Leader Should Avoid.
Speaking of bad habits, Zack Needles discusses the very bad habit of law firms who want to bring in the hot new CINOs (Chief Innovation Officers) to help advance innovation within their firms, but cannot see past the yearly budget, revenues, and profits to let the innovators try things that may fail before they succeed. Needles worries that this will cause a revolving door for CINOs with little chance of being given enough room to actually bring about innovative change in the firms.
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Last night (April 13th, 2021) I had the privilege of being on the “stage” for a Clubhouse discussion around the Billable Hour. Is it alive and well? Yes. It is COVID resistant. Is it ever going to change? Hopefully! What do in house counsel think about the billable hour? Some hate it, some
