NewLaw

Subscribe to NewLaw

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)

How legal services will be evaluated in 2021 and beyond

NewLaw is not what you think it is.  It is not a label to be applied only to new companies with trendy names.  It is a business model that any legal services provider can, in theory, adopt.  Cf. Post 055 (discussing clear evidence that “legal operations is a discipline” for buyers and sellers of legal services and thus not just a role within a legal department). But, while new companies built for it, others have to overcome how they created themselves in the first place.
Continue Reading Metrics of the NewLaw Model (206)

A long-game model based on expertise, access, and trust.

This post is a deep dive into LexFusion, a new go-to-market organization founded by Joe Borstein and Paul Stroka.

Longtime readers of Legal Evolution may recall Post 034, which was a profile of the legal industry’s most skillful and accomplished team of consultative…

When taught in context, one-to-many law practice is relatively simple and intuitive.

Many of my colleagues in the NewLaw elite often laugh that there’s no such thing as legal project management or data analytics for lawyers.  And I get their point.  The application of decades-old disciplines to the practice of law does not change…

Photo by Markus Spiske via Unsplash

The last decade saw a sustained uptick in funding into the legal vertical. So what is all that capital accomplishing? Quite a lot, actually.

The legal industry is full of opinions – and so it is full of noise. In 2019, 🤦‍♂️ facepalming and 🙄 eyerolling at innovation hype is still very much in vogue, and so a lot of the noise is 😒 negative 😠 in tone.

Amidst all the noise, though, I see very clear signals of meaningful change.
Continue Reading The Current State of Play in Legal Innovation: A New Era of Evolution in the Making (109)

Innovators and early adopters come together to discuss human capital in the emerging one-to-many legal economy — a great opportunity for law students and career service professionals.

In Tomorrow’s Lawyers, Richard Susskind predicts the emergence of several new jobs for lawyers, including the legal knowledge engineer, the legal technologist, the legal hybrid, the legal…

Elevate’s recent acquisitions belie a long-game strategy. Elevate founder, Liam Brown, explains.

Elevate recently acquired five companies in less than three months. I’ve been asked: why those companies in particular, and why so many in such a short space of time?  To answer those questions, I should first answer the deeper question of what is…

Photo by Sagar via Unsplash / Like all complex ecosystems, the legal industry and its problems are interdependent and connected.

Disillusionment abounds and frustrations run high in the legal industry: nearly all signals scream at us to innovate faster. Inspire.Legal flipped the script by asking us to stop, collaborate and listen.

…