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The 4th Industrial Revolution is here (even for lawyers).  A look at what digital transformation actually means for legal markets — and the investments tomorrow’s winners are making today.

Today’s post is the final part in the 5-part series #GreatExpectations for the #GreatReset.  (Like the vaccine rollout 💉 and my workout plan 😁, this post is a bit delayed 🥺.  A million thanks to Bill and the Legal Evolution audience for the patience!)
Continue Reading #GreatExpectations, Part V: Cloudy with a Chance of Digital Disruption (220)

Photo by BP Miller via Unsplash / Clear-sighted & pragmatic teams will win the day.

Talk of disruption dominated the last decade.  In 2021, widespread change in legal markets appears elusive.  Will this time be different?

Today’s post (219) is Part IV of #GreatExpectations for the #GreatReset, a 5-part series on


Position isn’t destiny — especially times of turmoil.  Eight charts illustrate the true extent of volatility underlying apparent stagnation in legal markets and give an advance peek at the state of play for 2021.

This post is the third in a 5-part series, #GreatExpectations for the #GreatReset.  The aim of this series is to provide a shared foundation of fact and data to help envision the market dislocations likely to occur in the current economic downturn and recovery.
Continue Reading #GreatExpectations, Part III: As the Mighty Fall, New Challengers Rise (218)

Photo by Markus Spiske via Unsplash

A dozen charts shed light on how a K-shaped recovery widens the distance between the haves and the have-nots.

Part I (216) of this 5-part series (#GreatExpectations for the #GreatReset) provided a broad retrospective on the last downturn for both BigLaw and corporate clients, with emphasis on the socioeconomic context around the legal market.  The next two posts comprise an experiment in format.  Parts II (217) and III (218) are snack-sized posts 🍙🍿 (at least for me 😇), each covering a handful of charts 📊 as background for long-form posts in Parts IV (219) and V (220).
Continue Reading #GreatExpectations, Part II: Some Play to Win & the Rest Fight to Survive (217)

Photo by Galina N via Unsplash

Before we peer into the 🔮 crystal ball to forecast what awaits legal markets in a post-pandemic future, we first look back to the past for lessons from the last downturn – with a wider lens to better understand how the world around our industry is changing.

Now is the winter of our discontent: the worst (😧!) year (🤮!) EVER (😣!!) is finally in the rearview mirror.  Although the first stretch of the new year presages some grim days ahead, I’m doing my best to look to 2021 and beyond with hope and optimism.
Continue Reading #GreatExpectations for the #GreatReset, Part I: a Recession Retrospective and a Post-Pandemic Reckoning (216)


As the legal services market becomes more competitive, law firm strategy—or lack thereof—will have real consequences.


If we polled business school professors, all would agree that long-term strategy beats short-term strategy, at least over the long-term.  If true, the following two statements ought to be in tension with one another:

  1. The traditional law firm operating

“You’ve got your work cut out for you” by Hans-Peter Gauster on Unsplash

“There are only two ways for a manager to improve the output of an employee: motivation and training.”

— Ben Horowitz, The Hard Thing About Hard Things (2014) at 110.

Several years ago, I had the good fortune of having dinner with David Burgess, the Publishing Director of The Legal 500, a global research company that compiles detailed rankings of law firms based on jurisdiction and practice area.
Continue Reading Lawyers and teamwork, Part I: Motivation (188)

image of man looking at watch


A timely reminder on the value of time, from my carpenter.


Large firm lawyers spend a lot of time debating the pros and cons of so-called “alternative fee arrangements,” but hourly billing is still their sweet spot.  It is much nicer to focus on the legal work than to worry about being efficient or pursuing