Why BigLaw firms fail

‘Why BigLaw firms fail’ aims to help prevent future failure of more firms.

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Hype vs. Reality: Is everything AI now?

Today, Ron Friedmann, one of our regular contributors to The Dialogue, penned this live post on Prism Legal from the Hype vs. Reality: Is everything AI now? session at the College of Law Practice Management annual Futures Conference in Atlanta. I don’t normally post four times in a week, but Ron’s piece is so topical and interesting, I am sharing it while it’s ‘hot’. Thank you Ron; you are one of the master’s of the art of live-blogging. 

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The {Law} Firm of the Future

We welcome Katherine Thomas to The Dialogue with her post ‘The {Law} Firm of the Future’.

If you haven’t read Bain & Company’s report ‘The Firm of the Future’ report, you should, writes Katherine. Bain’s report is a must-read for anyone looking to understand how the commercial world is changing. It’s a vital read for legal service providers (LSPs), working within a sector that is at the same time established, mature and immature, depending on the approach and services offered. 

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The management science behind the professional partnership

The management science behind the professional partnership was celebrated in a special issue of the Journal of Professions and Organization, July 2017. (1)

Few professional services firm leaders and practitioners, consultants, and commentators are aware of the substantial body of knowledge that underpins the dynamics of partnership in the professions.  So, in this brief post, I reproduce the Abstract of one of the articles to give readers a taste – and hopefully encourage many to delve into this fascinating literature.

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Understand the rules if you want to play the game

Understand the rules if you want to play the game by Ken Grady is sub-titled ‘While you weren’t watching, techies and corps changed the rules.’

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Signs of the times: The rise of managed legal services

This month I am delighted to welcome Catherine J. (CJ) Moynihan as a contributor to The Dialogue. As a senior director of legal management services at the Association of Corporate Counsel,  she is the subject matter expert on managing the legal function, legal spending, and the ACC Value Challenge. Catherine has many and special perspectives on changes in the legal services supply chain, especially those being driven by clients.

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New players driving value for legal departments

New players driving value for legal departments was written by Mark Cohen and Liam Brown and originally appeared in Canadian Corporate Counsel Association magazine. As I read it, the key point Mark and Liam make is that the NewLaw players, while still tiny in market share, are teaching clients new tricks. And this spells big opportunity – or trouble if they’re asleep at the wheel – for BigLaw incumbents.  

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