Ron Friedmann is the author of ‘Who’s Managing BigLaw Alternative Staffing?’. Ron, one of the most prolific and respected commentators on legal services in the US, has authored Prism Legal the Strategic Legal Technology Blog since 2003, making him a pioneer and pathfinder in legal services.
The Jenga Don’t Lie: BigLaw Relies on the Whole of its Parts
The Jenga Don’t Lie: BigLaw Relies on the Whole of its Parts was first published in the Ontario Bar Association’s JUST. ‘Debatable’ column on June 16, 2016. Managing Editor, Catherine Brennan, introduces the piece as a perspective on an issue “that has boiled the blood of many a lawyer in recent years and has challenged our fundamental perception of our vocation: Is ‘Big Law’ dying or here to stay?’” Read why Mitch Kowalski says ‘Yes’.
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Services to Assist BigLaw Firms
Master classes
Action learning programs
Implementation guidance
Keynote speaking
Let’s talk about how beaton can help
These services to assist BigLaw firms remake their business models. The services draw on beaton’s extensive research and experience encapsulated in the 2016 best seller by Dr George Beaton and Dr Imme Kaschner, available from the American Bar Association or Amazon.
At beaton we work with our clients to assist them remake their business models. We offer tailored solutions to help them win more work and deliver superior value to their clients. We also facilitate structural, governance and financial management changes to assure the sustainable profitability of our clients.
Master classes are an ideal vehicle for building an informed coalition of lawyers and shared services managers who are motivated to remake their firm. A variety of master class formats is available for in-firm physical and virtual delivery anywhere in the world.
Action learning is a ‘real-time’ process that teams lawyers with shared services managers in guided project-based work to remake their firm. Through learning by ‘doing’ participants develop the capacity to embed changes in the way client work is won, the way client work is done, and related governance mechanisms.
Implementation guidance
Implementation guidance is a form of consulting engagement that may run from a few weeks to many months, depending on the scope of the interventions and depth of assistance required by the firm.
beaton’s partners and associates have the resources to design and deliver action learning programs and implementation guidance consultancies through Australasia and South East Asia.
Dr George Beaton and other beaton partners are available for keynote speaking engagements at external and private conferences anywhere in the world.
Let’s talk about how beaton can help
George Beaton +61 418 325 351 or george.beaton@beatonglobal.com
Read MoreHas the juice been squeezed from BigLaw’s business model?
Central to the profitability of the ‘BigLaw’ business model is how rainmaking equity partners, i.e. the owners, win work for the firm and enlist other fee-earners to do the bulk of this work. Since the 1950s, this model has been hugely successful, both in serving clients and making a great deal of money for owners. However, the capacity to exploit this business model has a ceiling; and this appears to be fast approaching.
Read MoreEvidence: Why BigLaw firms must start remaking now
Here’s the first evidence based on projections of market share showing why BigLaw firms must start remaking their business model now. And by implication, the consequences of not doing so.
Where the market shares of the major players in the legal services industry are headed in the next 10 years makes a major and urgent case for traditional commercial and corporate law firms to act sooner rather than later.
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