Innovative Managing Partners
Growth is Dead: Part 7-Psychology
At the end of our last piece, I asked aloud whether we as lawyers are intellectually and emotionally capable of adapting to the new market landscape, suggested that adapting would require experimentation and—yes—failure, and noted that countries and industries that did not reflexively punish failure enjoyed stronger long-term growth. Let’s talk about that some more.
read more…
PRIME/UK – Time for PRIME/World
Here’s a first for Adam Smith, Esq.: I’m issuing a challenge to US law firms, and to others throughout the English-speaking legal world. The challenge is to create and sustain, on our side of the pond and elsewhere, an initiative to rival what leading UK firms have created, PRIME. If you haven’t heard of PRIME,
read more…
Promising Times or Perilous Ones?
LegalWeek has released their annual “UK Top 50″ ranking and it paints a rosy picture of strong revenue and profit growth in the teeth of global economic headwinds. Specifically: Total revenue of the Top 50 hit £12.96-billion (US$20.25-billion) This was a 5.6% increase over the prior year; While total profits grew 7.7% and PEP by
read more…
The Incumbent’s Dilemma
Let me line up side by side for you some very current perspectives on the larger issues facing BigLaw. The impressively thoughtful (and articulate) Dr.. George Beaton wrote less than a month ago, in Without re-invention firms’ profits will plunge in line with industry: There’s no doubt about it. In advanced economies the legal services industry as
read more…
The Cocktail Trolleys
I doubt many of you, gentle readers, follow David Carr, who writes the Media Equation column for the Monday Business section of The New York Times, but I commend him to you as an enlightened, thoughtful, and experienced observer at the intersection of media, business, and culture. (I do not know David personally.) But his current
read more…
The FT’s Second Annual Innovative Lawyers/US Awards
Last week I had the privilege of attending the unveiling of the Financial Times US Innovative Lawyers 2011 awards here in town. This is an award they’ve been doing in the UK for many years, and I was glad to see it imported across the pond; this was Year 2 of the US awards. The
read more…
Experimentation Comes to Law Land! (One Can Only Hope)
I suppose when we’re quoted in The Wall Street Journal it’s worth writing about. So it was with a combination of pleasure and surprise that I opened this morning’s browser tabs to find this piece talking about law schools beginning to introduce more “practical” elements into their curricula, with an associated article (quoted below) talking about
read more…
“Wait and [Never] See”
Last week I wrote about innovation and how the early adopters can gain sustainable competitive advantage. This week is something of a follow-on, albeit one motivated more by recent personal events than frankly by brilliant editorial planning in advance. The variation on innovation I want to discuss today has to to do specifically with innovations
read more…
The “Adam Smith” Award for Innovation in Legal Service Delivery
A couple of weeks ago I learned that the legal department of Kraft Foods issued its “Adam Smith” award, for innovation in the delivery of legal services, to Clifford Chance, and Kraft intends it to be an annual award. I was curious to learn more. The first thing I learned was that the award was
read more…
Kaizen Comes to The City
A few days ago I had a chance to catch up with my friend Alex Hamilton, now at radiant.law. (I knew Alex in his previous position as a Latham partner and wrote about his efforts behind Latham’s online “Capture” tool for clients.) I wanted to get Alex’s thinking behind the radiantLaw launch and understand their business
read more…
Subscribe to RSS