Regulation Archives - Remaking Law Firms

Law’s shift from practice to skill

During a recent visit to the National University of Singapore Law School (NUS), I asked a first-year student what being a lawyer meant to him. His response was thoughtful and prescient: “I regard law as a skill. I plan to leverage my legal training and meld it with my passion for business, technology, and policy. For me, law is not about practice.” Out of the mouths of babes!

Posted by Mark Cohen on Nov 5, 2019 in Regulation, Strategy | 1 comment

Re-thinking legal services regulation by Stephen Mayson

My interim report for the Independent Review of Legal Services Regulation in England & Wales is now out and available here. This post is extracted from it.

While the reforms of the Legal Services Act 2007 have been mainly beneficial overall, that legislation might best be characterised as an incomplete step towards restructuring legal services regulation.

Posted by Stephen Mayson on Oct 24, 2019 in Legal services ecosystem, Regulation | 0 comments

Law is a profession and an industry: It should be regulated that way

Mark Cohen’s title Law is a profession and an industry: It should be regulated that way states what we all recognize, but somehow do precious little to regulate in an appropriate way, denying opportunities for clients and lawyers to create more value for society.

Posted by Mark Cohen on Jun 5, 2018 in Lawyers, Regulation | 0 comments

Solicitors Regulation Authority consultation on price and other information

Through his research, Richard Moorhead, Professor of Law and Professional Ethics at University College London Faculty of Laws, provides deep and original insights into lawyers and the practice of law. Dialogue is privileged to feature Richard as a contributor. In his first contribution, Richard examines the issues of the price transparency of lawyers’ services from a policy perspective.

Posted by Richard Moorhead on Jan 10, 2018 in Pricing, Regulation | 0 comments

Law firm ownership: An evidence-based approach

Law firm ownership: An evidence-based approach was posted by Ron Friedmann on his blog on September 04, 2017. coming from the land of the world’s first stock exchange-listed law firm, I cannot but say Ron’s rebuttal of Bruce MacEwan (aka Adam Smith Esq.) is a must read to mull over.

All in and observers of the BigLaw ecosystem need to have a view. Ownership and its consequences is a very important issue in maintaining the capacity of firms to deliver high and sustainable value to clients. In my opinion, the woes of Slater & Gordon not withstanding, ownership is already the major issue of our times.

Posted by Ron Friedmann on Sep 14, 2017 in BigLaw firms, Regulation | 0 comments

The legal vertical is already corporatized; law firms should be permitted to operate that way, too

The legal vertical is already corporatized; law firms should be permitted to operate that way, too by Mark Cohen explores a contentious topic. I congratulate Mark on his cogent arguments in favour. And I am sure all readers of Dialogue are looking forward to hearing the views of BigLaw firm leaders and the institutions of the legal profession, like bar associations and law societies.

Mark starts by with an exhortation: It’s time to stop pretending that the $300B U.S. legal industry is anything but big business. All legal providers—including law firms– should be able to operate from a corporate structure.

Posted by Mark Cohen on Apr 25, 2017 in BigLaw firms, Regulation | 0 comments

Law’s shift from practice to skill

Re-thinking legal services regulation by Stephen Mayson

Law is a profession and an industry: It should be regulated that way

Solicitors Regulation Authority consultation on price and other information

Law firm ownership: An evidence-based approach

The legal vertical is already corporatized; law firms should be permitted to operate that way, too

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