Jun
27
“Data is the oil of the digital era,” proclaims a 2017 Economist article. Big business—especially tech giants like Alphabet (Google’s parent), Amazon, Facebook, and Apple among others—are mining data like Standard Oil processed petroleum a century before. Why is the legal industry still running on gut and instinct while the businesses it...
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Jun
09
Not long ago, Axiom was often touted as law’s next big thing. The on-demand corporate legal talent company that launched in 2000 has enjoyed nearly two decades of expanding revenue, client base, talent pool, and brand recognition. Still, the industry spotlight long cast on Axiom has shifted in recent years...
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May
28
The trillion-dollar global legal industry has a looming skills crisis. Its roots extend far beyond law grads entering the marketplace lacking “practice-ready” capability or the vanishing, client-subsidized, on-the-job-training that firms once provided to young associates. Law’s skills crisis derives from the profession’s insular, self-regulated, anachronistic conceptions of what it means...
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May
08
The legal industry is awash in all things “legal tech.” Tech start-ups are popping up like Starbucks. Legal tech conferences and hackathons are everywhere. Investment in legal tech set an all-time high—up an astonishing 713% in 2018. There is rapid consolidation within the tech sector, a sign of its maturity....
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May
02
Escalating demands on corporate legal consumers to “do more with less” have raised their expectations and performance bars to levels that even elite law firms cannot wholly satisfy. Leading corporate legal departments need much more than top-tier legal expertise, they need new business structures and digital transformation. This is where enterprise...
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May
01
In advance of his headline speaking slot at Legal Geek North America Conference, Mark Cohen talks with Legal Geek about the evolution of his public speaking skills and what it takes to land a speaker slot.
Apr
25
Mies van der Rohe, the noted architect, remarked: “Architecture depends on its time.” The same can be said about business structures. The last decade has seen a profound change in business architecture. Facebook, Amazon, Apple, and other tech-enabled, consumer-centric companies have built new business models that have transformed the customer...
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Apr
16
The first article in this three-part series introduced enterprise legal service providers (ELSP’s), proclaiming their entitlement to the “elite” status accorded a cadre of brand-differentiated traditional partnership model firms. This essay analyzes in greater depth the emergent, transformative, and impactful role that enterprise legal service providers play in the global legal marketplace. ELSP’s are...
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Mar
29
Anyone familiar with the legal industry can tick off the names of its elite law firms. They have distanced themselves from other firms by their demonstrated differentiated practice expertise essential in high-value legal practice matters. Legal acumen has long been the standard of excellence in law. Escalating demands on corporate...
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Mar
29
Lawyers have a penchant for defining terms. Why then is there no commonly accepted meaning for “legal services?” One reason is that, until relatively recently, legal services were delivered principally by lawyers working at firms. The Cambridge English Dictionary, for example, still defines “legal services” as “work done by a lawyer...
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