Download or read book Future Law Firm Business Models written by Michael Roster and published by . This book was released on 2018-12 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the trends and future developments that will fundamentally change the legal market.
Download or read book Remaking Law Firms written by George Beaton and published by . This book was released on 2016-06-07 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides examples of innovative and successful business models from remade law firms to inspire change that goes beyond thinking and planning, and leads straight to implementing change and better client service.
Download or read book A New Taxonomy written by Bruce MacEwen and published by . This book was released on 2014-05-14 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New Taxonomy provides a path-breaking analysis of the global "BigLaw" industry, identifying seven distinct species of law firm business model - their historic roots, future prospects, strengths and weaknesses, and the specific management techniques, priorities, and perspectives they require. Written with analytic rigor but an urbane and engaging style, it brings new perspective to a globally important industry, clarifying the law firm business landscape as never before. Here's what a few people are saying: "Wow! What an incredibly insightful and valuable work on taxonomy. Really, really makes sense on so many levels. I have read it twice now, and am incorporating so many of your ideas into what we need to do;" (Managing Partner, AmLaw25); and "My test of a good business book is simple; does it provide context that clarifies your thinking? This book does. It's a good one. It paints the BigLaw order of battle in vivid colors on a broad canvas. It helps you see the whole battlefield, not just the skirmishes." (from the Foreword by David Morley, Global Managing Partner of Allen & Overy The author is a lawyer and the President of Adam Smith, Esq., an industry-leading management consultancy to law firms and the legal industry around the globe. He has written for or been quoted in: The New York Times; The Wall Street Journal; Fortune, Bloomberg; and other publications too numerous to mention, and is a sought-after speaker at law firm retreats and legal industry conferences around the world. Previously, he practiced securities law for nearly two decades in New York. Bruce was educated at Princeton University (BA magna cum laude in economics) and at Stanford Law School (JD). A native Manhattanite, he lives on New York's Upper West Side with his wife and their dog. KIRKUS FEATURED REVIEW An analytically rigorous but accessible guide to the shifting world of Big Law.MacEwen has built a strong reputation within the legal industry as an innovative thinker. He practiced law for years in New York, founded the popular website AdamSmithEsq.com and has written for numerous periodicals about legal issues. In his second book, he parses "Big Law" into its elemental, commercial parts, detailing the basic categories of law firms, including "Global Players," "Capital Markets" and "Boutiques." He proceeds in the spirit of biological taxonomy, linking his approach to the Linnaean method of classifying different types of natural life. He aims to use the taxonomy not only to describe these firms, but also to demonstrate the evolving nature of competition in the legal sphere: "I believe an analogy to biological classification is useful...because there's competition within species (between individual firms who are essentially alike) as well as competition across species (between, e.g., global firms and boutiques)." For the firms themselves, understanding these classifications, and their places within them, is necessary to gauge their target audiences, and to market themselves effectively to prospective clients. The author deftly presents each of the seven types, highlighting its unique characteristics, its advantages and disadvantages, and its "managerial priorities." He concludes with an engaging, original view about the future of law firm competition, partly inspired by Stephen Jay Gould's "punctuated equilibria theory": "We have enjoyed a long period of stasis, but now we may be at the start of a period of intense speciation, with new forms of life emerging-some of which will prove adaptive and survive and others of which will be rejected by the antibodies of the marketplace." Even for the nonexpert, MacEwen's prose is clear and mercifully free of gratuitous jargon.A sharp, concise meditation on the business of law, and by extension, an important commentary on the state of the economy as a whole.
Download or read book The Future of Profitability Models and Analysis for Law Firms written by Dwight Floyd and published by Ark Company. This book was released on 2019-05 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The convergence of changes in the legal landscape - wider economic pressures, the growing implementation of legal technologies, the disrupting influence of alternative service providers and their competitive pricing offerings - mean that the corporatization of the law firm is well underway. The "business of law" is now more of a priority than ever before, with procurement and pricing professionals playing increasingly significant roles within firms and a growing focus towards the measurement and analysis of profit, rather than simply its generation, becoming apparent. With this becoming common practice, it is now essential for those at the helm of their firm's profitability to take a deep dive into its real fundamentals.The Future of Profitability Models and Analysis for Law Firms provides this kind of comprehensive exploration into the recent and revolutionary approaches firms are adopting in their pursuit of greater returns in this current period of renaissance for the law. Featuring contributions from field experts and thought leaders - including pricing directors, chief financial officers, and management consultants - combines trendspotting, exploratory intelligence with case studies and real-world examples of best practice to act as a launchpad for application and instruction.
Download or read book The Simple Guide to Legal Innovation written by Lucy Endel Bassli and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Educational needs of practicing lawyers are explored with a practical guide provided. Details the legal ecosystem and how its complex, varied and often overlapping parts can and should be handled by practicing attorneys, alternative legal service providers and "non-legal" professionals"--
Download or read book Law is a Buyer s Market written by Jordan Furlong and published by . This book was released on 2017 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law has become a buyer's market, and it's never going back. Re-envisioning the purpose of law firms and the role of lawyers, Jordan Furlong has designed a transformative client-first law firm that rethinks the business model, culture, service, competitiveness, growth strategies, diversity, and leadership of modern legal enterprises.
Download or read book Future Proofing Mid sized Law Firms written by ALBER and published by Ark Company. This book was released on 2020-05 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some consultants predict that by 2035 more than half of the traditional law firms in the Midsize market will no longer exist. Many midsize firms are feeling the pressure. While Big Law firms crow about their commitment to innovation, most Midsize firms are still trying to figure out where they fit in the new legal landscape that is taking shape.
Download or read book Accelerating Trends in Law Firms written by ZEUGHAUSER and published by . This book was released on 2022-01-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global pandemic and simultaneous economic disruption is accelerating many challenging trends for law firms across the globe with unprecedented velocity. Law firm leaders, individual practitioners, C-level law firm executives, bankers and clients are all faced with growing uncertainty about the future and are looking for resources to help navigate rapid change. This book, edited by Peter Zeughauser of Zeughauser Group, will provide valuable insights and guidance on these trends and how best to embrace and harness them for continued success. It brings together world-renowned, skilled experts with different perspectives on the key challenges and opportunities that have arisen in the last few years, and continue to increase in importance. Key issues covered include: -Why and how to revisit your strategy plan; -Effective client relationship management during a crisis; -Wellbeing of partners and the workforce; -How to leverage social responsibility and pro bono programmes; and -Diversity and inclusion. This title will also consider the impact of remote working on the profession, including how to build a stronger culture with a remote workforce, how to reduce your real estate costs and how remote working has impacted innovation and decision making.
Download or read book Solo by Choice written by Carolyn Elefant and published by Decisionbooks. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Open Business Models written by Henry William Chesbrough and published by Harvard Business Press. This book was released on 2006 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a diagnostic tool for readers to assess their business model and usher it through a six-stage continuum toward openness. This book also identifies the barriers to creating open business models (such as the not invented here syndrome and the not sold here virus) and explains how to surmount them.
Download or read book Legal Tech and Digital Transformation written by Robert F. van Beemen and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Special Report on Legal Tech and Digital Transformation offers a practical framework on the impact of technology, legal tech and technology-based legal services on the formulation of strategy in law firms; how legal tech affects the competitive positioning and business model of law firms and how national and international law firms implement t
Download or read book Dual Transformation written by Scott D. Anthony and published by Harvard Business Review Press. This book was released on 2017-03-28 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game-changing disruptions will likely unfold on your watch. Be ready. In Dual Transformation, Scott Anthony, Clark Gilbert, and Mark Johnson propose a practical and sustainable approach to one of the greatest challenges facing leaders today: transforming your business in the face of imminent disruption. Dual Transformation shows you how your company can come out of a market shift stronger and more profitable, because the threat of disruption is also the greatest opportunity a leadership team will ever face. Disruptive change opens a window of opportunity to create massive new markets. It is the moment when a market also-ran can become a market leader. It is the moment when business legacies are created. That moment starts with the core dual transformation framework: Transformation A: Repositioning today’s business to maximize its resilience, such as how Adobe boldly shifted from selling packaged software to providing software as a service. Transformation B: Creating a new growth engine, such as how Amazon became the world’s largest provider of cloud computing services. Capabilities link: Fighting unfairly by taking advantage of difficult-to-replicate assets without succumbing to the “sucking sound of the core.” Anthony, Gilbert, and Johnson also address the characteristics leaders must embrace: courage, clarity, curiosity, and conviction. Without them, dual transformation efforts can founder. Building on lessons from diverse companies, such as Adobe, Manila Water, and Netflix, and a case study from Gilbert’s firsthand experience transforming his own media and publishing company, Dual Transformation will guide executives through the journey of creating the next version of themselves, allowing them to own the future rather than be disrupted by it.
Download or read book The Future of Legal Innovation written by Alex Davies and published by Ark Company. This book was released on 2020-01-31 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: With barely a week going by without news that yet another chief innovation officer has taken up residence in a global law firm, it's clear innovation is still a hot topic, continuing to grow and expand in terms of its reach within law firms. However, despite rapid advancement in recent years, it's generally acknowledged that legal is behind the curve in terms of innovation compared to the rest of the corporate world. It's also generally assumed that innovation relates purely to technology - meaning none but the largest companies with the deepest pockets can benefit from it. This insightful book features contributions from legal firms doing innovative things in all aspects of the fi eld, going beyond the enabling technology - from partnering with clients to productizing services, developing external alliances, transforming the talent management function, to encouraging lawyers to invest billable time in new innovative approaches to the business and practice of law - as well as approaches to dealing with market disruption itself.
Download or read book Law Firm Strategies for the 21st Century written by Christoph Vaagt and published by . This book was released on 2020-09-30 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the legal landscape becomes increasingly competitive, it is clear that law firms do not always do enough to remain at the top of their game. Firms that have embraced the challenges presented by increased competition are undeniably in a better position than those that have not.This title aims to help partners understand what they can - and what they should not - do to chart the course of their firm most effectively, and covers current topics such as digitalisation and the emergence of new competitors from outside the market. Keeping abreast of market developments is an essential part of law firm management and this edition focuses on helping partners, and their teams, to develop the right strategy.The second edition of this practical title in Globe Law and Business's series on the business of law offers up new ways to think about strategy and how to explore it in the context of a partnership. It includes contributions from leading academics, consultants and law firm partners who share their insights and experience in strategy development and management.Whether you are a managing partner of a small, medium or large law firm, this book offers a variety of viewpoints in a comprehensive single volume. As well as partners and their teams, it will also prove useful for consultants and academics in developing research in this important area.
Download or read book New Suits written by Michele DeStefano and published by Stämpfli Verlag. This book was released on 2019-06-15 with total page 715 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Time to Leave Law-Law Land ... and Head Back Into the Jungle" Fuelled by advancing technology, new business models, and altered client expectations, the legal industry faces unprecedented change across its entire value chain. Unfortunately, many legal professionals fear the technology train and the convergence of other fields with law. They see legaltech, AI, and bots like "lions and tigers and bears oh my." We (the curators and authors of this book) see opportunity. Although the future may require us to put on "new suits"—it represents an enormous opportunity for lawyers to reinvent ourselves for our own and our clients' benefit. Filled with chapters written by experts in the intersection of law, innovation, and technology, this book provides a global perspective on the diverse legal service delivery ecosystem that will be our future. It provides chapter upon chapter (reason upon reason) explaining why lawyers can and should increase their appetite for disruption in the legal world. So welcome to the jungle and enjoy the ride as we attempt to systematically map the uncharted waters of the future legal realm and simultaneously inspire you to build a new future in law. Endorsements "The 'Artist Formerly Known as the Legal Profession' isn't what it used to be. You think that you know law firms and the challenges that confront lawyers, but you don't. Legal services providers have spent years resisting change, and now seem determined to pack fifty- or sixty-years of evolution into five. The entire legal services market has been transformed by LegalTech, globalization, and new delivery models – and until now there has been no guide to the way that consumers can benefit and providers can profit from the changes. Guenther and Michele have gathered a Who's Who of thinkers to provide a marvellous range of visions of the way that law is changing. They provide a roadmap for the future of law – if only you'll follow it." Professor Dan Hunter PhD FAAL, Foundation Dean, Swinburne Law School "'Nomen est omen' if you read the book title of 'New Suits'. It encourages, allows and requests lawyers at all levels to rethink their former and existing ways of doing business in many areas of law. In the same, it outlines great opportunities to a new breed of experts in our profession. Thanks to the various authors, one gets a good understanding of how massive the impact of technology has become – and is going to be - to the legal services market. And the authors provide a distinct view of how a rather traditional profession will have to transform their business models to comply with the fast changes in the marketplace." Jürg Birri, Partner / Global Head of KPMG's Legal "For a while now, we have been hearing about digitization, disruption and new delivery models in the world of Big Law. "New Suits" both reassures and gives a wake-up call to all of us in the business of providing legal services. Setting out both the opportunities and the threats engendered by the dynamic change in our industry, the book is an invaluable guide to all lawyers and legal business professionals wanting some insight on the challenges facing them in a globalized and accelerating world." Dr Mattias Lichtblau, CMS "This book comes at a time where we see just the beginning of a transformational change on the legal market. While such transformation is seen as a great opportunity for those participants who endorse change and innovations, others seem to be more frightened by potential disruption of their well-established business models. The structure and comprehensive contributor listing for this book encapsulates many disparate challenges faced by almost all players on the market. The lecture of the book should give good guidance to anyone who is interested in how the legal profession is (finally) modernizing, capitalizing on technology trends and becoming more client-centric.
Download or read book Managing the Modern Law Firm written by Laura Empson and published by OUP Oxford. This book was released on 2010-06-10 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last ten years have been a period of extraordinary change for law firms. The rapid growth of corporate law firms and the emergence of global mega-firms have strained the traditional partnership model of management. Some managers of law firms are appalled at the creeping 'corporatism' that they fear may result. However a growing number believe that it is time to move on and adopt more contemporary forms of structure and management. In Managing the Modern Law Firm scholars and legal practitioners examine the latest insights from management research, to enable law firms successfully to meet the challenges of this new business environment.
Download or read book The New Law Business Model written by Ali Katz and published by Lioncrest Publishing. This book was released on 2021-01-12 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: You became a lawyer to help people and have a great life. Instead, you're working insane hours, not making the money you had hoped, and are not fulfilled by your life as a lawyer. Ali Katz was struggling with the same issues while also being a single mom who needed control of her calendar. When she saw major flaws in the way lawyers, like herself, were taught to serve families and small business owners, she decided to do something about it. Ali developed a new way to practice law-one that puts relationships before transactions. And while that made her happy, the icing on the cake was that she started generating over $1 million annually in just three years, all while going to her office just three days a week. Now, Ali brings this knowledge and experience to bear in The New Law Business Model. If you're a lawyer, there's no need to abandon your dreams. In this book, Ali shows how to use your most valuable asset-your law degree-for the good of families, small businesses, and most importantly, your well-being. Pulling from her own journey, Ali shares the roadmap she followed and insights she found that made her success possible. The old law business model is broken. It's time to replace it with one that works for you, your family, and your clients. It's time to take back your time, your income, and your humanity. The New Law Business Model was created to guide inspired lawyers like you into a new era.
