Jan
25
Big Law has demonstrated remarkable resilience. It has weathered financial crises, economic downturns, the Big Four, automation, social change, corporate digital transformation, and the Pandemic,. Big Law channels Mark Twain— the reports of its demise have been greatly exaggerated. Large corporate law firms enjoyed a rich economic harvest in 2021....
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Dec
19
Business is undergoing a paradigmatic shift in its relationship with existing and prospective customers, the workforce, society, and even the planet. This is the business story of our time— a top-to-bottom corporate reverse- engineering process undertaken from the customer perspective. Business is challenging and refining its purpose, culture, structure, economic...
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Nov
30
Ferris Bueller said, “Life moves pretty fast….” That was in the ‘80’s. What would he say now? Life is moving very fast, propelled by the speed and breadth of change. Legal industry change is generally viewed through the narrow lens of the profession. Lawyers have long controlled all facets of...
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Oct
26
“Talent” is a common term lacking a conventional meaning. The importance of a working definition goes far beyond semantics; it is critical to individual and enterprise success. Talent, like other elements of digital transformation, is a fluid, nuanced word with many facets. Talent wars have heated up across multiple industries...
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Oct
11
“It is a capital mistake to theorize before one has data.”—Sherlock Holmes Digital business runs on data. It is a multidimensional asset whose value transcends internal functions, supply chain, enterprise, customers, competition, society— even the planet. Perhaps that’s why a 2017 Economist article dubbed data the world’s most valuable resource. Data is...
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Sep
14
This is the second in a two-part series. The first segment examined how and why legal change derives from business digital transformation. Business has often regarded the legal function as a corporate bottleneck and cost center. That’s because legal culture, education, indoctrination and language are different than other corporate business...
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Aug
14
The first of this two-part series examines how and why legal change derives from business digital transformation. The second segment analyzes the legal function’s transition from cost center to value creator and how to quantify its value. Legal industry change is a business story more than a legal one....
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Jul
27
The legal industry has a digital gap separating it from business and its customers. This is a high-stakes challenge exacerbated by the legal ecosystem’s widespread failure to recognize, much less address it. Business is adversely affected by a digitally laggard legal function. That’s why the C-Suite and corporate Boards expect...
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Jun
28
Thomson Reuters and Georgetown Law recently released their 2021 Report On The State of The Legal Industry (“The Report”). This year’s edition provides a law firm-centric, data and graph-filled analysis of the industry’s past “extraordinary” year. The Report channels Malcom Gladwell’s “The Tipping Point,” positing the legal industry may have...
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May
25
“Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results.” -Andrew Carnegie The legal profession’s “lawyer and non-lawyer’” mindset is alive, if not well. A recent Bloomberg Law article...
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