A recent instalment of the podcast series LegalSpeak addresses the question of whether or not recent forays into the legal arena by the accounting industry’s Big Four actually comprise a significant threat to U.S. law firms.
Nicholas Bruch, principal analyst at ALM Legal Intelligence, who has been looking into this issue deeply for at least
In an article published recently on The American Lawyer, writer Dan Packel reports that this year, “For the first time, PwC, Deloitte, EY and KPMG seized four of the top five spots on [the U.K. consultancy Acritas’s] list of global alternative brands, in a survey of general counsel at heavyweight international businesses.”
Packel points
The Artificial Lawyer reports that the European Union is testing a system of automated lie-detector tests for use at its international borders. The technology “will use a digital avatar to interview travellers at border posts, ask them questions and then use facial expression ‘biomarkers’ based on previously taught patterns to decide if they are lying.”
I commend The Young Lawyer Editorial Board at The American Lawyer for their powerful piece on the debilitating and even life-threatening risks of working in the legal profession – a profession that, they point out, “[tops] the league tables for loneliness, substance abuse, depression, anxiety, stress and suicide.”
Although they acknowledge that mental health problems
I believe that the greatest threat to the legal profession is the incursion by the Big Four accounting firms. The writing is indelibly on the wall. And yet most American law firms are complacent. They believe that U.S. regulations make them untouchable.
I was recently pleased have been invited to submit a chapter on the subject of “Consulting and Advisory Services” to the legal industry, for the 2018 edition of Leaders in Legal Business. In it, I describe what law firms may expect when they approach a law-firm consultant, and when they may wish to do
A recent story in Legal Tech News indicates how seriously legal educators in China are investigating the potential effects of artificial intelligence (AI) on the practice of law. Until now, almost all AI-related legal education around the world has been grounded in US-derived knowledge and experience, and the Chinese venture is one response to
Andre Dua, a director in the New York office of the global management consulting firm McKinsey & Company, recently explored the ramifications of the growth of “Massive Open Online Courses,'” commonly known as MOOCs.
The online delivery of MOOC learning systems makes them cost-effective, and accessible to students from around the world. Some of
It is my pleasure to introduce you to an extraordinary lawyer, educator and philanthropist, Tom Bean, of 150 year old law firm Verrill Dana in Boston, whose practice focuses on businesses that are experiencing financial distress. Tom is also cofounder and chair of the advisory board of the Spark Academy – and a self-described
The Mad Clientist – the blog of the BTI Consulting Group – has diagnosed a growing epidemic among law firms: complacency.