Beyond The AI Glitz And Glamour, Practical Implications
Source: Above the Law, Author: Stephen Embry Last week, Legalweek was held New York City. It’s the annual legal tech Conference put on by ALM and directed at Biglaw and, sometimes, not so big. Lots of exhibitors, lots of parties, and fancy dinners. Glitz and glamour. And this year, as you might expect, there are lots of educational sessions, […]
Private equity in the legal sector: A challenge to conventional firms
Source: Legal Futures, Posted by Jeff Zindani, managing director and merger consultant at Legal Futures Associate Acquira Professional Services If law firms’ consolidation at all levels is on the rise, still difficult to imagine Big Law using PE to merge. The latest case in point would be the recent A&O and Sherman merger? Not insinuating […]
3 Reasons Why General Counsel Are Enterprise Strategy Assets
Source: Forbes, Author: Mark A. Cohen, CEO of Legal Mosaic Enterprise strategic planning has never been more challenging. The Doomsday Clock is the closest it has ever been to midnight, a reflection of the unprecedented danger the world faces. The World Economic Forum’s Global Risks Report 2024 surveyed more than 1,400 industry leaders, risk experts, and policy makers. They […]
Should law firms focus more on work-life balance? Survey finds ‘wide gaps’ in opinions of associates, partners
Lawyers would like to see a greater emphasis on training and mentoring at their law firms, according to a survey released this week by recruiting firm Major, Lindsey & Africa and Law360 Pulse.
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.