Someone asked me recently why I think more and more law firms are creating CI roles or increasing their CI capacity, encouraging their BD and Library staff to work more closely so forth. I didn’t really have a good answer on the spot, “cause it makes good business sense, or because market competition and consolidation
The American Lawyer's Big Law Innovators — The Outside Influencers
The upcoming August edition of The American Lawyer will feature an article on the innovators of Big Law over the past 50 years. Now, you may initially find it to be an oxymoron to place the word “Innovator” in the same sentence as “Big Law”, but that’s another discussion for another time. What caught my
The Associate Investment Conundrum
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| Image [cc] Tim Pearce |
Law firms invest in associates. That seems obvious. They bring in the best and brightest, planning to groom them into future partners. Firms spend considerable sums, investing in these assets. So for fun, let’s take this “investment” as a strategy at face value.
My recollection of the stat is that after
LPOs – By the Numbers
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| Image (cc) Ashish T |
Recently I read a report entitled: Legal Process Outsourcing: LPO Provider Landscape. The report was released in September, but just came to my attention recently. I recommend it as required reading for anyone following the market for legal services.
I have previously commented on how LPOs are coming after law
Is The Legal Market Flat?
In my role, I am fortunate to see the various market updates on demand, productivity and other key legal market stats. One fairly consistent stat over the past few years has been flat market growth (a.k.a. no market growth). Although there have been minor ups and downs on this stat (most recently a slight up-tick),
Greetings Texas Firms – From Axiom
Based on some job ads we have recently seen, it appears Axiom is establishing a presence in Texas. Axiom, as you may recall, is an alternative provider of legal-type services and new breed of competitor to law firms. They have a very interesting business model and have been quite successful in other markets.
Texas firms
Defining 'Adequate Supervision' of Outsourced Legal Work
Sometimes a 3 Geek post generates responses that expand the idea presented and make it even better. The recent post of Managing the Law Firm Risk Role in Outsourcing is one such example.
My good friend Laney Altamar at Special Counsel keyed in on one of my closing points, “Firms should also consider leveraging technology
Managing the Law Firm Risk Role in Outsourcing
I always enjoy conversations with ethics counsel, whether at law firms or in bar associations. All of the changes in the market tend to challenge different ethics rules. So talking with these people is usually an opportunity to see how new ideas may run afoul of the rules.
At my last firm, I recall one
Legal Markets Fall in Classic Pincer Movement?
The news of Google investing in Rocket Lawyer got me thinking about the dynamics of the broader market for legal services. On one end of the market we have the discussion about how BigLaw is broken. There is a long and growing list of broken pieces of BigLaw, including: how fees are billed, how marketing