A Prioritization Framework for Legal Departments
How do you prioritize legal requests to ensure that your Legal Department is addressing its matter management needs in the most effective manner possible?
Who Needs To Be Listening To Your Clients? You do.
Source: Adam Smith Esq, Author: Janet Stanton, Partner, Adam Smith, Esq For unfathomable reasons many law firms and lawyers eschew client feedback. The reason we’re baffled by this is that at its most basic, the business of law firms is to serve client’s needs. Let me repeat that… the business of law firms is to serve […]
AI Trends For 2024 – Vendor Procurement Practices And Generative AI
Source: Mofo Tech, By: Stephanie Lynn Sharron Vendor procurement practices will continue to evolve in 2024 to reflect corporate AI risk management and governance policies. While companies are beginning to appreciate that vendor work product may be developed using AI tools unless their contracts specify otherwise, they have not fully appreciated what that means for […]
The Economics of Superstars
Another excellent article from Bruce at Adam Smith Esg. that we will see play out in 2024 and beyond. How much access will corporates have to those superstars vs the partners who are farmed out work? Is a superstar needed for most corporates? Will superstars spend the necessary time understanding their clients?
China decoupling will continue for Western law firms in year ahead
WarwickPlace Legal’s Robert Bata wraps ups his predictions for 2024 with a look at how legal industry trends will pan out in Asia, the Middle East, Africa and Latin America.
Virtual Law Firms Evolve So Fast They Risk Their Own Destruction
Big Law firms aren’t known as paragons of innovation. Most employ a version of a business model that dates to the early 20th century, known as the Cravath System. But there is a segment of the business evolving on the fly. Here, new law firms pop up from established players all the time. They keep the parts of their old firms that they liked. They change things they didn’t.
Legal Leaders Exchange: Procurement’s contribution to budgeting and spend control
The partnership between in-house and outside counsel is crucial to law department success. When communication is good, the attorneys on both sides of the relationship work well together toward common goals on their matters.
Legal department priorities from TRI annual report
Corporate legal priorities are shifting around the globe. The Thomson Reuters Institute spoke with over 1,500 corporate legal professionals from companies with over $1 billion in global revenue to learn about changing law department priorities and outlooks.
EU tech rules will create clicks, not competition
European Union watchdogs are so frustrated with Big Tech dominance they have turned their traditional approach to regulation on its head.
The BigLaw Firms Using AI LegalTech to Redefine Legal Practices
Allen & Overy and other biglaw firms are using AI LegalTech Tools and related law technology tools to push a technological revolution in the legal profession that will transform how legal services are prepared and delivered.