The reflections on Predicting the future of legal services contain three parts.
The law department is only one part of the company
The law department is only one part of the company is Mike O’Horo’s first post on Dialogue for 2018. In it Mike addresses a crucial question: “In corporations, who is the client?” and shares his views on how to manage both GCs and c-suite executives. Our research shows there are a few key differences in the criteria lawyers use when appointing a BigLaw firm compared with those of their line manager colleagues, more on this in the Comments on Mike’s post.
Read MoreBake bread and be a better Lawyer
In Bake bread and be a better lawyer, Ken Grady explains why you can have great bread and a more efficient law practice. It’s an intriguing metaphor and the first in a series Ken is working on. Enjoy.
Read MoreLegal markets and marketing: 10 Trends to watch and watch out for in 2018
The year 2008 marked a global financial crisis that was considered the worst since the Great Depression of the 1930s. It also marked the end of the traditional law firm’s 20-year bull run.
Now, a decade later, 2018 will be a make-or-break year for many firms. Some will fail while others will fracture. Some are scrambling to save themselves while others remain mired in inertia. Firms wanting to be vital and solvent are overhauling how they do business. Smart firms have already retooled.
Read MoreWhat’s a ‘Law Company’ and why are legal consumers embracing it
In What’s a ‘Law Company’ and why are legal consumers embracing it Mark Cohen tackles the rise of the NewLaw business model head-on. It’s no longer a question of whether NewLaw providers will succeed and take market share from BigLaw firms. Rather, the relevant questions are How fast? and By how much?
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The accountants re-enter legal. Meh!
There are countless articles on the threat of the Big 4 re-entering the legal market. Yes, they’re cashed-up, capable and well-connected, but I don’t think it will be as smooth a road for them as many are predicting. A deeper analysis suggests there are six factors that will limit their growth.
Read MoreFuture law: Legal technology / IT predictions for 2018
Amongst Brian’s many distinctive traits is his devotion to crofting and crofting law, the significance of which for all law firms, I will blog about later in the year.
Over to Brian…
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