To date, this highly influential stakeholder has had very little to say.

The fierce and fascinating struggle underway in the American states over legal services reform brings to the table a large collection of interest groups.  These groups include law firms, legal aid organizations, entrepreneurs who might benefit financially from the liberalization of entry rules, and of course the gatekeeper entities, including state bar authorities and the state supreme courts, whose decisions are crucial to the evolution and shape of reform.  See Posts 239 (beginning of a four-part series on serious challenges of bar federalism).

The identity of these specific groups may differ from state to state, as the legal ecosystem has contours often tailored to a particular state’s history and objectives, but the configuration of stakeholders has some rather common elements.

What remains somewhat opaque in this robust and interconnected battle over the reform of legal services is the voice of legal educators and the law schools.  These are, after all, the places in which future lawyers are educated and professional values are instilled.  It is had to imagine a more fertile and opportune time to discuss the ambitions and philosophies of this next generation of legal professionals.
Continue Reading Legal education as a key stakeholder in legal services reform (276)

Layering in a new set of skills and know-how in an already crowded law school curriculum.

Last week, the Law School Admission Council (LSAC) acquired the Institute for the Future of Law Practice (IFLP).  From far away, many lawyers, law professors, and law students are bound to ask, “Why is the maker of the LSAT, which has been part of the legal education landscape for 70+ years, acquiring a fledging nonprofit start-up focused future of law practice?”

The answer is that LSAC and IFLP saw a clear pathway to benefit future generations of legal professionals in their work with clients and broader society.  Although some readers may question such a lofty purpose, we believe that as a self-regulated legal profession, it is our obligation to foster and maintain a legal system that works for all citizens and upholds the rule of law.  Only then is lasting prosperity possible, both for lawyers and broader society, and the promise of equal justice more within reach.
Continue Reading Special Post: LSAC acquisition of IFLP explained (275)

Short answer: From you. So let’s turn it into a positive.

It is that time of year, when 1Ls are starting to think about and explore job opportunities for summer 2022. They research the legal market online and engage through social media, but generally rely on their law school career resources to usher them into the legal world.

But, with a few exceptions, law students must rely on you — the person on the front lines of modern law practice — to help them understand where and how NewLaw will be an integral part of their futures.

Personally, I make myself available to law students about career questions for two reasons.
Continue Reading Where are law students learning about NewLaw? (274)

Boomer retirements ought to be a boon for law school clinics.

The Hidden Brain podcast episode Cultivating Your Purpose begins with an effective metaphor that is well-known to aging Baby Boomers: Dustin Hoffman, playing Benjamin Braddock in “The Graduate,” is drifting aimlessly on a raft in a swimming pool, as he has been doing for weeks after graduating from college.  When Benjamin confirms to his father that he has no plans whatsoever for the future, Benjamin’s father leans over him and demands to know “what was the point of all of that hard work?” Benjamin responds, “you got me.”  Unfortunately, many Baby Boom lawyers are asking themselves the same question after they retire or approach retirement—“what’s the point?”
Continue Reading Could a purpose deficit fill unmet legal need? (273)

Putting complex and often intimidating topics into context.

Chapter 8, Technology

No discussion on contracting process improvements is complete without focusing on technology. Scarcely a day goes by without an article, blog, or webinar on legal technology and, more specifically, about artificial intelligence (AI). There are many conferences and webinars about contract management systems—on selecting them, on what to use them for, how to derive greatest benefit, etc. Usually, those educational programs are provided or delivered by the contract management systems providers.

Technology is always at the core of any discussion about innovation, for example, but I maintain it should not be. Before any conversation about technology takes place, there should be an assessment of the current state of the people and processes involved in contracting, which is why this chapter follows my previous chapters on People and Process. Only after a thorough review takes place, and there is agreement within the organization that the right people are doing the right steps in the best order, should a discussion about technology begin.
Continue Reading CLM Simplified Part IV: Technology, Metrics & Data, and Outsourcing (272)

The hard work that comes before any discussion of technology

Chapter 5, Playbooks

The need for creating playbooks for templated contracts is a subject of much discussion. This is because playbooks are one of the ways in which contracting is simplified. But they can take many forms. Luckily, distinguishing and differentiating between the necessary types of playbooks is possible without creating too much complexity. Not only are they used to create standardization across a law department, but they also empower the business.

Playbooks educate, create consistency, and are an absolute requirement for any type of outsourcing contract review. I submit for your consideration that there are two basic types of playbooks: The Law Department Playbook and the Empowerment Guide.
Continue Reading CLM Simplified Part III: Playbooks, People, and Process (271)

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“Contracts are the lifeline of the company, so it’s no wonder it is an ongoing cycle.”

Chapter 2, What is CLM?

The term contract lifecycle management (CLM) is a hotly discussed topic in legal operations and legal technology circles. It is important to dissect the concept and understand what precisely I am referring to, especially in trying to tackle and improve the contracting lifecycle.
Continue Reading CLM Simplified Part II: What is CLM?, Legal Policy Review, Templates (270)

“This book is designed specifically for legal teams to become the lean, mean contracting machines that the business needs.” p 12.

[Editor’s note:  This is a four-part series that excerpts Lucy Bassli’s new book, CLM Simplified. Part I is Bassli’s full Introduction.  Part II excerpts What is CLM?, Legal Policy Review, and Templates (Ch 2-4). Part III excerpts Playbooks, People, and Process (Ch 5-7). Part IV excerpts Technology, Metrics & Data, and Outsourcing (Ch 8-10).
Continue Reading CLM Simplified Part I: Introduction (269)

Collecting data to evaluate how they work together

The relationship between different business functions and legal teams is fundamental to the speed, adaptability, and value achieved within their individual functions and, by proxy, the organization itself. But what is that relationship like?
Continue Reading Survey on the intersection of Legal & Business (268)

Trading ego for effectiveness, friendship, and purpose.

Joe Borstein and Paul Stroka asked me to get naked with them. I said yes. Then Bill asked me to write about it. So here we are.

Now that you’re hooked by the clickbait headline and the tease, we must, naturally, commence with an anecdotal aside before I explain why the platitudinous “our customers are our business” is especially true for LexFusion, why “everyone talks to us because everyone talks to us,” and what these say about the evolution of the  broader legal innovation ecosystem.
Continue Reading Getting naked with colleagues and clients (267)