Legal Innovation

Dentons Challenge Aims a Spotlight on the Shortcomings of AmLaw Profit Rankings

Dentons recent, successful, and very public, challenge to The American Lawyer’s quantification of its profitability drew new attention to a long-debated question: Just how accurate…

Ralph Baxter September 08, 2015

Video: Final Thoughts on ILTACON 2015 from Thomson Reuters’ David Curle

With this year's ILTACON drawing to a close, David Curle, director of Strategic Competitive Intelligence at Thomson Reuters, offered his thoughts on the panels and trends at this…

David Curle September 08, 2015

ILTACON 2015: Legal Technology Innovation is Bolstering and Destroying the Legal Profession

LAS VEGAS—The Napsterization of the legal industry is growing more plausible every day. The innovation and disruption seen in the music business around digitization and…

Joseph Raczynski September 02, 2015

Is the Wickedly Long Train of E-Discovery Finally Breaking Up?

The e-discovery space seems surreal. It is a huge business for everyone but the consumers of legal services—namely, companies. For them it is just a…

August 26, 2015

Law Firm Profitability Analysis: Making It Work

As I wrote last week, law firms are increasingly adopting profitability measures, a positive development for the firms, their people, and their clients. In this…

Ralph Baxter August 25, 2015

Profitability Analysis: GPS for a Revised Service Model

More and more law firms are adopting meaningful profitability analysis tools to measure their financial performance. This is a noteworthy and positive development. The development…

Ralph Baxter August 18, 2015

Exponential Growth—The Data Explosion and Resulting Challenges and Opportunities for Law Firms, Part 1

We are currently living in the hockey stick portion of explosive data growth. That is, 90% of data humans amassed has been collected during the…

Joseph Raczynski August 17, 2015

Change for Change’s Sake

A lot has been written about the recently released Law Firms in Transition survey from Altman Weil. If you haven’t given it a look yet,…

Bill Josten August 14, 2015

Embracing the Client Experience

Go to a Disney theme park and you will understand the client experience. Disney immerses you in all that is Disney. From the moment you…

Ken Grady August 12, 2015

Legal Disruption? Uhm, It’s Complicated

A few months back, while I was still at Stanford (I’m now at Harvard Law’s CLP), I explored the nature of disruption in Big Law.…

Ron A. Dolin August 09, 2015

Peer Monitor Economic Index Holds Steady for Second Consecutive Quarter

EAGAN, Minn.—The Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, was unchanged for the second consecutive quarter, holding steady…

Peer Monitor August 06, 2015

The Law Firm of the Future, Part 1 — What is Needed?

What should the law firm of the future look like? With all the change underway, all the unmet needs of the market, and all the…

Ralph Baxter August 05, 2015