Much of what professional firms do in the name of strategic planning is a complete waste of time, no more effective than individuals making New Year’s resolutions (to lose weight or give up smoking).
Reflecting on Reinvent Law NYC, 2014
Today I am reflecting on the Reinvent Law conference held in New York on February 7, 2014. Seldom, if ever, in my life has one day made such a positive difference to my professional career. It may seem self-indulgent to write about this event three years on, but I think it’s worth sharing. If only because it involves so many people in the Remaking Law Firms community to whom I am grateful and indebted.
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Rudderless ships
‘Rudderless ships‘ is a new post by Mike O’Horo, a foremost proponent of how lawyers in BigLaw firms can improve the effectiveness of their business development activities. The volume of debate and activity around law firms’ evolution into sales organizations continues to ramp up. There are lots of opinions – and accompanying solutions offered – around every aspect of this emerging business function.
The Fall of the Priests and the Rise of the Lawyers: Book review
The Fall of the Priests and the Rise of the Lawyers (1) took me three days to read. Normally I need months to get through books like this because I read several concurrently. Not so Philip Wood’s riveting work.
Read MoreYou’re not selling what we’re buying
Demand is flat or falling at large law firms, says the newest Wells Fargo survey released yesterday. Revenue is now being driven solely by hourly rate increases, the last remaining income enhancement button that law firms can press and one they will presumably continue to press until it no longer responds. This is not an especially new development: as has been the case every year since 2011, the 2015 Altman Weil survey of Chief Legal Officers found that more law departments decreased their spend on outside law firms than increased it.
Is 2017 the year the fat smoker quits?
Eleven years ago David Maister published a brilliant article on the barriers to strategic change in professional service firms. In Strategy and the Fat Smoker, he stated…
In search of the essence of General Counsel
In this essay on the Essence of General Counsel Ken Grady demonstrates his piercing insight and authority born of years of observation and reflection.
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Obstacles to change in law firms: How to navigate them
Obstacles to change in law firms is a very welcome contribution to Dialogue by Nick Jarrett-Kerr. I value Nick’s practical perspectives for two reasons: [1] they are grounded in his astute observations based on decades of hands-on experience of working in and with law firms, and [2] in using How in the subtitle for Remaking Law Firms: Why & How, Imme Kaschner and I focused on the practicalities of what needs to change in the BigLaw business model.
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