Thomson Reuters recently issued research that reveals a 484% five-year increase in global patent filings for new legal services technology. This signals: (1) the distinction between legal ‘practice’-- differentiated legal expertise and... read more →
Lawyers are taught to strive for perfection. That means crafting impeccable memoranda with more-than-ample precedent, syntactical precision, and just the right number of erudite footnotes. That’s great if one is... read more →
\The legal industry is becoming digitized. What does that mean? Digitization is a common term lacking a uniform definition. It is often used to describe a suite of IT assets--... read more →
My wife is a great cook and watches “The Cooking Channel” for new recipes. I’m fascinated by her ability to translate the TV chefs’ recipes into delicious meals at home.... read more →
I gave a talk last week at University College London. The topic was The Changing Legal Services Marketplace: A View From Across the Pond. It began with my admission of... read more →
Mark Twain said, ““Nothing so needs reforming as other people's habits.” So, can big business kick its habit of retaining law firms to handle a majority of its legal matters?... read more →
It’s hardly news that the once-cozy relationship between BigLaw and corporate legal departments has morphed into something quite different. In Facebook terms, it’s gone from “in a relationship” to “it’s... read more →
Law has a distribution problem. Too many corporate firms vie for a shrinking pool of outsourced work. Competition is also fierce in the retail segment of the legal market where,... read more →
The Guardian recently reported that senior partners at Magic Circle firms now charge 1,100 pounds an hour– that’s $1,500 plus an expensive lunch. U.S. firms average a bit less, but... read more →
Remember the Clash song “Should I Stay or Should I Go”? The opening chords and lyrics come to mind when the “Do I insource or outsource?” question is raised. And... read more →