My good friend Arnie Herz (Lawyer and Consultant) was kind enough to interview me for his blog:
Study Predicts 5 Percent Growth in Legal Spending by Fortune 1000
Good news for some… HOWEVER even with that increase:
"overall legal spending is expected to decline just 1.4 percent for the year."
Source: ABA Journal Post referencing BTI PDF from which above image was extracted.
"In a press release, Michael Rynowecer, president of BTI Consulting, calls the findings “a big ray
Managing Partners should have 3 priorities as confidence index drops to record low
From the Sacramento Business Journal today:
Law firm confidence index drops to record low
Excerpt:
Confidence in the economy among managing partners at large law firms nationwide hit new lows in the first quarter, according to the latest research from the Citi Private Bank Law Firm Group in New York City.
I recommend three
What the Obama campaign can teach us about marketing
Bruce Marcus of The Marcus Letter offers us a fascinating lesson in transposition in his new article called "HOW TO ELECT A PRESIDENT — OR GET A CLIENT". Bruce’s tag line is the name of this post.
Here’s a quote from Bruce Marcus as he shines his light on learnings from the campaign of President
Say something important and relevant and people will listen
Jan. 14 (Bloomberg) — The week after Bernard Madoff was charged with running a $50 billion Ponzi scheme, Proskauer Rose, a New York firm of 750 lawyers, offered a telephone briefing on the scandal for its wealthy clients. With only a day’s notice, 1,300 Madoff investors dialed in.
“This is a financial 9/11 for
Cravath Swaine & Moore Killing the Billable Hour?
Evan R. Chesler is a Presiding Partner at Cravath, Swaine & Moore LLP. He has offered his thoughts via Forbes in a piece called: Kill The Billable Hour. There is no suggestion that he is articulating a new policy for the entire firm but he is clear on his own views and given that he
“once-in-a-lifetime” – Valorem Law Group
As Nicole Nehama Auerbach joins Valorem, she says:
“I saw Valorem as a once-in-a-lifetime opportunity to really make a difference in the way litigation is handled… I was captivated by the firm’s commitment to provide real value to business clients, and, in particular, its emphasis on alternative fees. Alternative fees are more important than ever
Britain Invades China – no shots fired!
At Edge International we are often asked about how lawyers and their firms might be different from place to place around the world. One of my stock answers is that many people misinterpret the propensity of the Brits to avoid hyperbole to mean that they are not aggressive. There is a reason why they once
Would you listen to the General Counsel of Sun Microsystems?
Would you listen to the General Counsel of Sun Microsystems, if he said:
“I do believe that there may be times when a $1,000/hour fee is warranted”
“…just yesterday, I read of another example of how law firms continue to be primarily focused on maintaining profits through consolidation and growth of headcount.
Telepresence (for your law firm?)
The despised business of videoconferencing is about to get a new lease on life.
This weeks Economist has an article on Telepresence. The full title is “Behold, telepresence – Far away yet strangely personal”. (Requires subscription). Image above is from the article.
Here are a few excerpts to whet your appetite for the story