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.
Where’s the legal services pricing puck heading?
Where’s the legal services pricing puck heading? is a compelling interview with Richard Burcher, the leading authority on pricing legal services and contributor to the Dialogue on Remaking Law Firms.
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Big 4 vs BigLaw Legal Talent
My Tweet (featured below) gave rise to multiple related and robust conversations, especially about the legal talent that BigLaw (large law firms) hire versus the talent that the Big 4 hire. And I suspect that alternative legal service providers align with the Big 4 for purposes of this talent conversation.
The conversations highlighted for me the question of whether the Big 4 can achieve substantially different results, costs, or outcomes by hiring the same legal talent as BigLaw does.
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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!
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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.
Big Money Is Betting On Legal Industry Transformation
Big Money Is Betting On Legal Industry Transformation writes prolific contributor to Dialogue, Mark Cohen.
If “Money makes the world go ‘round,” then the legal world is spinning as never before. Law has been big business for decades, but only recently has significant venture capital, private equity, and entrepreneur money been pumped into the legal sector. Last year saw an eye-popping 718% increase in legal industry investment, and this year’s capital infusion through the third-quarter has already surpassed last year’s $1 billion total and could well double it.
Read MorePrivate equity invests in NewLaw firm Axiom
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