Partner hourly rates at New York’s leading law firms now exceed USD 3,500. Yet 89% of General Counsel no longer consider law firms to be a fully effective solution. At last Thursday’s Global LegalTech Hub breakfast in Madrid, the discussion […]
This pattern is more common among law firms in Spain and Latin America than their results might suggest. Michael Sterling is flying back to New York after two intense days with a client in Los Angeles. His practice group has […]
Littler asked a different question: which part of the work could be delivered differently? Littler asked a different question: which part of the work could be delivered differently? One of Littler Mendelson’s largest clients demanded a 20% reduction in its […]
Hamilton Locke is an Australian law firm that, over seven years, grew from 12 people to nearly 500 and is now ranked among the country’s thirty largest firms. Hamilton Locke is an Australian law firm that, over seven years, grew […]
The traditional pyramid model, whereby junior lawyers generate volume under the supervision of senior partners, loses its economic rationale when technology can generate that same volume at a lower cost. For years, revenue rankings served as the shortcut that informed […]
Is the problem you are trying to solve one that has a technical solution, or does it require someone to change something they have so far been unwilling to change? When an initiative fails within a law firm, the subsequent […]
At Wachtell Lipton, compensation operates under a pure lockstep system, seniority, not production Marty Lipton built one of the most profitable legal models in the world and accepted earning less than the market would have paid him. It was a […]
Reflections following my participation in Harvard Law School’s Leadership in Law Firms programme Several days immersed in Harvard Law School’s Leadership in Law Firms programme, reflecting internally on the future of law firms. These are the tensions that have resonated […]
If your principal client today had to rate you from 0 to 5… what score would they give you? A few days ago, on The Legal Podcast, we interviewed, from Miami, the General Counsel of a multinational operating in more […]
How many of these mergers will create real value, and how many will simply make firms bigger? In the past eighteen months, the international legal market has entered a phase of accelerated consolidation without recent precedent. Winston & Strawn and […]
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