We’ve published 66 posts on these pages in the three months spanning June, July and August. Here’s a summary of the most popular – that is the most read – Business of Law Blog posts for that time period. It’s always fascinating to see the most read, are not always the posts with the most social shares. We’ve also listed ... Read More »
Rethinking law may well begin with shifting the pain of efficiency back to the law firms. That’s the conclusion of one group of attendees at an ILTACON session titled “Do Less Law: A Contrarian View of the Future” (#ILTA124). The session, moderated by Ron Friedman, Tim Corcoran and Sheryl Nolan, broke attendees down into four smaller groups to brainstorm answer ... Read More »
Legal economics, law graduate job prospects, and inside-outside relationships are just a few of the recent legal industry studies published of late. We’ve collected and combed through the surveys, data and reports to provide an at-a-glance summary of the latest in legal trends here. Where possible we’ve also provided links surrounding these studies for those interested in additional reading. In ... Read More »
In the last 18 months or so it seems artificial intelligence (AI) jumped from the movie screen to the news feed scroll. More and more articles are exploring what it means for humanity. “The Wikipedia entry for “artificial intelligence” will make you wish you had an AI tool to interpret the entry,” according to Dennis Kennedy, in a panel discussion ... Read More »
Note: The following is a guest post by Timothy B. Corcoran. As a management consultant who spends time with both law firms and law departments, I frequently feel like a marriage counselor or mediator who is constantly encouraging each side to better understand the other. Quite often, the laments and wish lists by in-house counsel and outside counsel are fundamentally ... Read More »
There are a number of events coming up in the next thirty days, although one of them will occur on the last day of June rather than in July. We’ve made it easy for the witness to spot which one in this line up: its number #1 and coincidentally the subject of that event is a top priority for many law ... Read More »
In the 90 or so days spanning the months of March, April and May (2015), we’ve published upwards of 70 posts. It’s always interesting to see what posts resonate with the legal community, so what follows below is a summary of the top 10 posts for the last three months. It’s worth noting the analysis is driven by reader clicks ... Read More »
More and more law firms are embracing technology as a means to improve client experience, according to BTI Consulting. A survey of corporate counsel conducted by the research firm found “9% more law firms using technology as a source of innovation in 2015.” The statistic is just one slice of data from a larger study – the BTI Brand Elite ... Read More »
For law firms, “the world of profitable opportunities is shrinking rapidly,” said Darryl Cross. His perspective was part of a standing-room only presentation made at the 2015 LMA conference. Mr. Cross walked through a series of slides with several data points including some drawn from the CounselLink Enterprise Legal Management Trends Report. “Profitability is going backward,” he noted, suggesting that ... Read More »
It’s all a misunderstanding, according to Dan Pink. Most people, let alone lawyers and legal professionals, associate the word “sales” with adjectives like “sleazy” or “yuck” or “pushy.” That view he says, is a hangover of sorts from an asymmetrical world where sellers had more information than buyers. Car sales are the quintessential example. At one time, the trade in ... Read More »
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