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A law firm with best-in-class ALSP features

I have written before about how the lines between legal service providers are blurring, see, e.g., Lucien Pera & Yvonne Nath, “What If… Chambers Ranks Law Firms Alongside ALSPs?,” Law.com, Aug 20, 2020 (discussing implications of Chambers issuing its first ranking of ALSPs), and I especially enjoy singling out particular NewLaw business models for a closer inspection to show you exactly what I mean, see, e.g., The Post-Pandemic Law Firm (forthcoming Nov 2021).

Today, I feature Radiant Law (with which I have no affiliation).
Continue Reading Radiant Law: a closer look (265)

So we’re gonna change too.

In last month’s column (Post 253), we defined NewLaw as a significantly different approach to the creation or provision of legal services than what the legal profession traditionally has employed. Thus, it is reasonable to ask …

Q.  Why do we need a different approach?

It may seem the old ways are working just fine. Law firms are making money, clients are delivering services to their businesses, the wheels keep turning. And if ain’t broke, don’t fix it … right?
Continue Reading The needs of clients are changing (258)

Yvonne Nath shares what she’s learned (so far!).

Any good strategic planning process takes into consideration how to optimize the existing resources you have and what you will decline to pursue. You must be able to make important decisions without having all the information (i.e., you’ll need to take some risks).

The pandemic gave me some time to rethink and revise the strategic plan I have for my life. Not my entire life, of course, but I did map out how I want to live the next 1-2 years of it. You see, strategic plans need to be flexible because the future is not linear. One can plan and prepare for the future yet still be surprised and unprepared by contingencies in life. Ten years ago, I would have never dreamed I would be where I am today. Likewise, my life looks pretty different today than it looked just one year ago. Could you say the same?
Continue Reading 16 lessons learned from a digital nomad (249)

A slice is reserved for everyone who predicts the future of law.

Today is the debut of Anusia Gillespie’s monthly Q&A column on NewLaw Fundamentals.  See Post 243.  This post (241) is an explainer on why we are running Anusia’s series. One part of the explanation is practical.  A second part is deeply analytical and likely of more interest to regular Legal Evolution readers.  Both parts, however, are rooted in the value of humility.
Continue Reading Humble pie diet (241)

Photo by Maarten van den Heuvel on Unsplash

For the legal industry, the answer is likely “now.”

Lawyers love the expression “better, faster, cheaper—pick two.”  But what happens when there is a change in the state of the art such that gains in all three are possible and the only constraint is a workforce with the requisite state-of-the-art skills?
Continue Reading When is a generational strategy the best strategy? (235)

Big data insights on tap, just like water, gas, or electric.

Every day of the year buyers and sellers enter into millions of contracts covering the purchase and sale of billions of dollars worth of goods and services.  Each one of these transactions requires each party to analyze the governing agreement to assess whether the agreement fits within its risk profile.

This analysis commonly is performed in one of two ways: (1) the party accepts whatever risk may be in the contract with no real analysis, or (2) a legal expert conducts an unstructured review and issues his or her opinion regarding the agreement.
Continue Reading Can contract analysis operate like a utility? (225)

Photo by Florian Klauer via Unsplash

The pandemic upended the workplace as we know it.  What does the future of work hold for the legal industry? 

Recently, I left a great job.  I did it without another job lined up, in the middle of a global pandemic and record levels of unemployment.  Many people have been kind enough to ask what’s next and a few have asked why I would do such a thing.  After some internal debate, I decided to explain both on Legal Evolution.
Continue Reading Why and how I’m unbundling my career (224)

Source: Whitney Johnson, “Throw Your Life a Curve,” Harv Bus Rev, Sept 3, 2012

The S-curve is real.  If we’re not growing, we’re dying.

Through client work that admittedly spans a broad swath of the legal industry, I am fortunate to spend a lot of time with law firm leaders and other attorneys at varying stages of their careers.  Through these discussions, I have learned why some attorneys choose to work for law firms while others–with the same stellar pedigrees–prefer to work for alternative legal service providers (ALSPs).
Continue Reading The gig is up and coming (223)

Photo Credit: ESA/NASA
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…