Large law firms have faced growing pressure since 2010 to deliver more value to clients, creating pressure for efficiency and lower rates. The 2020 Law Firms in Transition Survey (June 2020) reports on large law firm trends. In my Part 1 post, I covered survey results around long term changes, innovation, and the rise
The Need for a Data Platform to Improve Law Firm Business + Practice
A Briefing written for Foundation Software Group
I have long been a fan of Foundation Software Group. I remember seeing their platform with a consulting colleague the first time in 2016. One of our clients showed it to us. We were not only impressed by the functionality and design, we were shocked.
I say…
Richard Susskind + Mark Cohen on Digital Transformation + Legal Tech
This is a live blog post of a 90-minutes video discussion with Richard Susskind and Mark Cohen about “Digital transformation and the legal function” and “The future of legal technology”. It is hosted by Legal Geek and sponsored by Thomson Reuters, UnitedLex, and iManage.
This is the fourth of a four-part discussion, The Uncertain Decade,…
Lawyers Fill Practice Gaps with Software and the State of Legal Tech
I recently spoke to two lawyers turned legal tech entrepreneurs about their early stage software companies. I start with a discussion of the problem each sets out to solve, then turn to observations of and implications for the legal tech market more broadly.
Solving a Broad Problem: Allocating Lawyers to Matters and Managing Capacity
At…
A Look at Client-Side AI-Powered Legal Spend Analytics Tools
This is a live blog post of a Legal Value Network virtual webinar, A Look at Client-Side AI-Powered Legal Spend Analytics Tools. As with all of my live blog post, I publish as a session finishes, so please forgive typos and misunderstandings of meaning.
Panelists:
- Brad Blickstein, Principal at Blickstein Group and Partner and Co-Head,
…
The Illuminate Story: The Global Deployment of Next Generation Enterprise Search
At its core, knowledge management is about finding lawyers who or documents or matters that can answer another lawyer’s questions about law, transactions, regulatory matters, judges, investors, clients, or industries. With finding so central to KM, software that searches collections of documents and other data sources has long been central to most large US law…
Large Law Firm Trends in 2020 – Part 1
Last week Altman Weil released its 2020 Law Firms in Transition Survey, which reports on large law firm trends as of 2020. I provide comment here on several, including long term changes, innovation, and how many firms have senior strategic professionals. Part 2 of this post will cover additional trends, mainly around creating value…
Richard Susskind + Mark Cohen on Educating + Skills for Legal Professionals
This is a live blog post of a 75-minutes video discussion with Richard Susskind and Mark Cohen about “UK vs US – the next decade” and “Skills and education for legal professionals in the 2020s”. It is hosted by Legal Geek and sponsored by Thomson Reuters, UnitedLex, and iManage.
This is the third of a…
Litigation, ADR, ODR—The Next Normal?
Litigation, ADR, ODR—The Next Normal? a live blog post of a College of Law Practice Management virtual event. As with all my live posts, please forgive typos and misunderstandings of meaning. (Note abbreviations: ADR = alternative dispute resolution. ODR = online dispute resolution)
The session description is below; the panelists are:
- Jordan Furlong, moderator—author, speaker,
…
Microsoft’s Trusted Advisor Forum on Innovation – The Virtual Remix
This is a live blog post of Microsoft’s Trusted Advisor Forum on Innovation webinar on 17 June 2020. As with all my live posts, please forgive any typos or errors of understanding. I post this as the session ends.
The full description of the event is below. A speaker reports this event has almost 300…