Why your law firm can’t innovate

With ‘Why your law firm can’t innovate‘ Ken Grady adds to the exploration of BigLaw and innovation on Dialogue (1). As Ken puts it: “…the lament is there: why don’t large law firms innovate?” Ken offers four well-argued strategies to address the challenge.

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Posted by on Jul 18, 2017 in BigLaw firms, Innovation | 0 comments

Axiom’s vision for legal services in the Asia-Pacific

In ‘Axiom’s vision for legal services in the Asia-Pacific‘ John Grimley, a regular contributor to Dialogue, conducts a Q&A with Kirsty Dougan, Axiom Law’s Head in Asia.

Not only does what Kirsty reveals shed light on Axiom’s vision and value proposition, it demonstrates the rapid growth and sophistication of legal services in the Region. 

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Posted by on Jul 6, 2017 in Legal services ecosystem, NewLaw business models | 0 comments

Law Firm Profitability + Service Delivery: What the Altman Weil Survey Says

In today’s post, Law Firm Profitability + Service Delivery Ron Friedmann analyses data from the recent Altman Weil Survey in the US to show just how internally-focused BigLaw firms can be. Ron’s message is telling: The raison d’être for any professional services firm is service to clients. Its profitability is a function of the extent a firm does this successfully and sustainably.

Law firm management needs to think more about their clients. Right now, they expend more energy on boosting profitability with inward measures than they do on client service. That cannot be sustainable. 

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Posted by on Jul 1, 2017 in BigLaw firms, Clients | 1 comment

What law firms and taxis have in common

‘What law firms and taxis have in common’ explores the relevance to BigLaw firms of the deep insights in What is Disruptive Innovation? an article by Clayton Christensen and colleagues (Harvard Business Review December 2015).

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Posted by on Jun 29, 2017 in BigLaw firms, Business models, Innovation | 1 comment

Allen & Overy does it again and again. Others are following.

Allen & Overy’s senior partner Wim Dejonghe recently said: “It’s clear that lockstep has its limits, but it’s also clear that it is at the heart of Allen & Overy’s success.” Built on lock-step, one of the oldest planks in the BigLaw (business model) platform, Allen & Overy is an innovation pathfinder par excellence in the global legal services supply chain. This post captures some of the highlights the Allen & Overy journey and flags how other firms are taking steps to remake their businesss models. 

The post is intended to inspire others to preserve the best of tradition and embrace the future.

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Posted by on Jun 8, 2017 in BigLaw firms, Business models | 1 comment