Blog

Jan 31

Law’s Odd Couple: Will New Law Hires Transform Traditional Law Firms?

Baker McKenzie, progenitor of the global law firm, created a buzz recently with a spate of “new law” hires. First, it tabbed David Cambria as its inaugural Global Head of Legal Operations, overseeing strategies for pricing, legal project management, and other “business of law” functions. Cambria, a corporate legal ops veteran, will, in the... read more →
Jan 28

How Will Legal Providers Be Affected By The Next Recession?

How will the legal industry be affected by the next recession? The thought came to mind several times recently as the stock market recorded its worst December since the Great Depression. Stocks have rebounded during the early weeks of 2019, but political turmoil at home; Brexit and its chaotic implications... read more →
Jan 17

What Does It Say When A Legal Blockchain eBook Has 1.7M Views?

“Blockchain For Lawyers,” a recently-released eBook by Australian legal tech company Legaler, drew 1.7M views in two weeks. What does that staggering number say about blockchain, legal technology, and the legal industry? Clearly, blockchain is a hot legal topic, along with artificial intelligence (AI), and legal tech generally. It’s also... read more →
Jan 10
Dec 27

What Are Law Schools Training Students For?

An email conversation between Mark A. Cohen, Thought Leader | CEO Legal Mosaic and Joek Peters CEO LegalBusinessWorld around Marks’ article ‘What Are Law Schools Training Students For?’ (Forbes) The legal profession and the trillion-dollar global industry are undergoing a transformation. The seminal elements of legal practice–differentiated expertise, experience, skills,... read more →
Dec 24

Law Is Lagging Digital Transformation — Why It Matters

A recent survey by KPMG confirms digital transformation is a key strategic priority for CEO’s. It is also time sensitive—85% of enterprise decision makers think they have a two-year timeframe to make significant inroads on their digital transformation before sustaining adverse financial impact and/or lagging the competition. A McKinsey report reveals the upside of digital transformation--... read more →
Dec 13

Are In-House Departments Contemporary Law firms?

There is plenty of data confirming the migration of work from law firms to corporate legal departments. Once regarded as law’s junior varsity, the in-house role has become a coveted alternative to the grind and uncertainty of Big Law. As Huey Lewis said, “It’s hip to be square.” What is less... read more →
Dec 06
Nov 26

What Are Law Schools Training Students For?

The legal profession and the trillion-dollar global industry are undergoing a transformation. The seminal elements of legal practice–differentiated expertise, experience, skills, and judgment–remain largely unchanged. The delivery of legal services is a different story altogether. New business models, tools, processes, and resources are reconfiguring the industry, providing legal consumers with... read more →
Nov 13

New Business Models- Not Technology- Will Transform the Legal Industry

New business models are the key to innovation, not new technology. That’s the conclusion of a recent Wall Street Journal CIO article that draws from business guru Mark Johnson’s new book “Reinvent Your Business Model.” Johnson offers several cogent observations on business transformation: (1) a business model is “a representation... read more →