Archives: Law Firm Innovation

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A Fizzy New Niche for Law Practice?

A recent article in USA Today suggests that, in the same way that craft beers have transformed the face of beer production and sales in recent years, the manufacturing and retail landscape for soft drinks may be changing. Zlati Meyer writes, “[It  is] unique formulations that are at the heart of the growing segment of ‘craft soda,’ fizzy concoctions that … Continue Reading

Linklaters to Measure Teams Rather than Individuals: Exciting Model for Our Time

In a post at Legal Business, Matthew Field reports that Linklaters is about to “phase out individual partner metrics and annual assessments to focus on broader measures of team and firm performance.” The new performance-assessment strategy will focus on such areas as “client winning, business development, training and innovation,” Field says. Based in London, Linklaters … Continue Reading

J+O Firm: Where Start-Ups Utilize Legal Counsel in New Ways

Get closer than ever to your customers. So close that you tell them what they need well before they realize it themselves.  ~ Steve Jobs Rachel Johnson and Christina Oshan spent the beginning of their careers at large firms. They noticed that startups and emerging growth companies engaged with their legal teams using a different … Continue Reading

My Recommendation for Your 2017 Resolution List: Know What Is Coming

RESOLVE TO KNOW WHAT IS COMING Resolve not to be caught unaware of evolving technology and process innovations applicable to your legal practice. To that end, have a small internal team conduct ongoing research and report to firm leadership monthly. The research should include legal solutions provided by organizations that are neither law firms nor legal departments. … Continue Reading

Alternative Legal Providers: A Warning to Law Firms

Friedrich Blase, Global Director in Legal Managed Services at Thomson Reuters, is warning traditional law firms – especially the larger ones – of the potential threat to their existence of alternative legal providers, including the growing range of legal-market ventures and forms of disruptive technology. Blase believes that alternative legal providers could present an “existential threat” to law firms as early as 2020. Blase says that large firms … Continue Reading

AmLaw 100 firms embrace IBM’s ROSS (based on Jeopardy-winning Watson)

The website Futurism.com has announced that the first “artificially intelligent attorney,” ROSS, will be employed by the law firm BakerHostetler “to handle their bankruptcy practice, which at the moment consists of nearly 50 lawyers.” I have recently learned that another AmLaw 100 firm, Latham and Watkins, has also signed up, as has Wisconsin-based von Breisen & Roper. … Continue Reading

Will greed spell doom for the world’s largest law firms?

Legal-issues writer Elizabeth Olson tackled the subject of the legal profession’s generational divide in “Graying Firms Wrestle with Making Room for Younger Lawyers,” an article recently published in the New York Times. “If any discipline is a window into the debate about balancing short-term profits over long-term survival,” Olson wrote, “it is the legal profession, one of … Continue Reading

Your Near-Future Legal Assistant: the Robot

Fresh from defeating its human opponents on Jeopardy, IBM Watson has now begun to demonstrate its artificial-intelligence capacities in the real world. Watson and its counterparts are already being used in such fields as medicine, education, security and defense intelligence, and now work is underway to develop “brand new baby versions of Watson” that will be suitable for use in legal settings. At a … Continue Reading

Change and the Law: Take Control of Your Own Future

In the most recent issue of Edge International Communique, I explored the issue of change in the legal profession, advising readers to take control of where their practices are going in a world where technology is altering not only how legal matters are carried out, but where and how they are accessed. My article begins: Today, … Continue Reading

Brainwriting Clobbers Brainstorming

In most law firms, brainstorming processes are dominated by power partners or simply those with force of personality. When this happens, the scope of the process is narrowed and many participants may be disenfranchised. If the goal of a brainstorming session is to tap the brain trust of all participants, then “brainwriting” might be a … Continue Reading

Does your Firm Need a Chief Experience Officer (CXO)?

Awareness among businesses of the importance of customer experience has never been greater. By considering how companies assess this experience and work to improve it –  such as the introduction of the chief experience officer (CXO) position to management teams – law firms can also improve their competitive advantage. Businesses increasingly recognize that if they … Continue Reading

Where Evolutionary Technology Meets Your Legal Practice

At first blush, you might ask what a bionic arm catching objects in mid-flight has to do with the practice of law. I assert: “Everything.” Who are the lawyers who represent these evolutionary products? Clearly, there will be lots of intellectual property involved, but I say that the list goes on. Here are just three … Continue Reading

Rethinking the Definition of “Law Firm”

Last fall, a 150-year-old British corporate services provider and legal publishing company transformed itself into a licensed law firm thanks to permissive UK legislation. Jordan’s Ltd. successfully applied for an Alternative Business Structure license from the Solicitors Regulation Authority, allowing the company to add a corporate law division to its ongoing range of services in support … Continue Reading

Valorem Lawfirm lives up to its “value” name

An article in this month’s Corporate Counsel Magazine has the spotlight on Valorem and for good reason.  Author Susan Hansen says: Valorem… now boasts a list of big, brand-name clients, including funeral industry giant Service Corporation International; national shoe retailer DSW Inc.; Veolia Water, a supplier of water and wastewater management services; and the online … Continue Reading

Angry Birds help with best practices in one of India’s most sophisticated law firms

I received this correspondence from Hoshedar Wadia, a partner in one of India’s most sophisticated law firms, Juris Corp.  This firm deals in matters that range up to the hundreds of millions of US dollars in sophisticated areas like Capital Markets, Structured Finance, Securitization and so on.  In the spirit of disclosure, I have had … Continue Reading

A Low-Paid Corner — Stripping Pay and Prestige from the Practice of Law

According to NYT journalist, Catherine Rampell, in her May 23, 2011 story: At Well-Paying Law Firms, a Low-Paid Corner,   Orrick, Herrington & Sutcliffe,  WilmerHale and McDermott Will & Emery are "creating a second tier of workers, stripping pay and prestige from one of the most coveted jobs in the business world". Catherine goes on to … Continue Reading

Attorney at Work Delivers Daily Ideas for Lawyers

I am honoured to be in the esteemed company of the publishers and advisors of Attorney at Work that promises “One Really Good Idea Every Day” There is no cost to subscribe and the ideas will flow starting in January. I recommend that you subscribe now Congratulations in particular to my long time friend, Merrilyn Tarlton who … Continue Reading

Finding Success in a Global Paradox (Keynote ALPMA Sydney 22 Oct 2010 — Password Protected — registered participants only)

  Download by clicking on image or HERE  Registered participants were provided with Password in session.… Continue Reading

Around the World Speaking Tour (Gerry Riskin — Edge International)

SEPTEMBER 2010 September 24th, 2010 ADR Institute of Canada National Conference September 23-24, 2010 Plenary Session: Optimal Marketing for ADR professionals Workshop: Effective Marketing for ADR professionals Calgary, Alberta OCTOBER 2010 October 9th, 2010 Fordham Law School (for Prof Silvia Hodges) Guest Lecture: Law firm management: Strategy New York, New York October 14th, 2010 (with Nicole … Continue Reading

Welcome to Edge International, Pam Woldow !

My Edge International partner, Jordan Furlong, has done a nice welcome piece on Pam Woldow already (at his Law 21 blog) but I thought I would echo that Edge International is so very proud and delighted to have her on board. Also, thank you to friends who have joined us in congratulating Pam, like Valorem’s awesome founder, … Continue Reading
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