Remaking News of the Week: Baker Mckenzie nears $3b

25 years ago David Maister published Managing the Professional Service Firm

It’s 25 years since David Maister published Managing the Professional Service Firm (1993). I count myself fortunate to have a copy inscribed by David on my bookshelf. 

Recently, while preparing a presentation to professional services CMOs, I dipped into chapter 2, The Professional Firm Lifecycle and was reminded of the depth of David’s prescience on how meeting the range of clients’ needs profitably requires different business models.

For what are law schools training students?

Today from the redoubtable Mark A. Cohen Dialogue on Remaking Law Firms posts For what are law schools training students? This is part of our recent series on law schools and their role in the legal services ecosystem.

The legal profession and the trillion-dollar global industry are undergoing a transformation. The seminal elements of legal practice—differentiated expertise, experience, skills, and judgment—remain largely unchanged. The delivery of legal services is a different story altogether.

Are young lawyers being ignored in the race for the future of legal services

The just-published College of Law (Australasia) report suggests young lawyers are being ignored in the race for the future of legal services. 

This conclusion is based on a report on aspects of the future of legal services which found there is a large overlap between “the legal work graduates don’t want to do anymore and what clients don’t want to pay for anymore“. One of the reports key conclusions is “Young lawyers have a keener finger on the pulse than most older lawyers, yet their talents are not being properly or fully used.” 

Review of Data-Driven Law

With today’s post, Review of Data-Driven Law, we welcome Colin S. Levy as a Contributor to Dialogue on Remaking Law Firms. Hailing from Boston, Colin adds to the ranks of corporate counsel in our line-up. Review of Data-Driven Law commends a new book to lawyers who need / want to understand how ‘numerical analysis in the practice of law can result in lasting and meaningful outcomes’.

The one with the board game

In The one with the board game Brian Inkster makes a welcome return to Dialogue on Remaking Law Firms reporting on a recent conference on a topics that’s not all that common today, the human elements involved in running a law practice. With all the tech buzz, one may be forgiven for forgetting that law is still first and foremost a people business. Thank you Brian!  

Remaking News of the Week: It’s a two-way street

Today’s Remaking News of the Week: It’s a two-way street reports an American Lawyer story by Dan Packel published on November 8, 2018 headlined It’s a Two-Way Street From Big Law to the Big Four.