Large Law Firms

The Legal Industry’s “Kodak Moment” – A Lesson for the Future of Law Firms?

Thursday 7th Jan 2016

Remember the Kodak Instamatic camera?  Long before cellphones and selfies, it seems we all had one.  But now they’ve faded away like aged Kodachrome film. The 2016 State of the Law Firm Market report from Georgetown Law and Peer Monitor provides a snapshot of the legal industry, warning that similar fates could be in store ...

Law Firm Leaders Forum 2015 — An Examination of Change Underway in Major Law Firms Today

Thursday 8th Oct 2015

As Day One of the Law Firm Leaders Forum came to a close, Dr. Heidi Gardner, lecturer on law and distinguished fellow, Center on the Legal Profession, Harvard Law School, led an introspective panel on how successful firms innovate and change in the face of an uncertain future. Lucy Endel Bassli, assistant general counsel, Legal ...

Law Firm Leaders Forum 2015 – Legal Marketplace Seeing Hyper-Competition amid Flat Demand

Thursday 8th Oct 2015

The legal industry has changed dramatically in the years since the beginning of the Great Recession, and is now driven by market forces like hyper-competition, technological innovation and slower demand for legal services. These forces continue to push change on the industry, forging it into something very different from what it was less than a ...

Law Firm Leaders Forum 2015 — The Parallax View: An Annual Report on the State of the Profession and Business of Law

Thursday 8th Oct 2015

The 20th annual Law Firm Leaders Forum began this morning with an introspective look at the state of the legal industry. Ralph Baxter, chairman of Thomson Reuters Legal Executive Institute began with a review of key data points from the Peer Monitor Index. Citing that the total size of the current legal market sits at ...

The Data Explosion & Law Firms

Friday 28th Aug 2015

The term “Big Data” is rather overused these days.  Maybe they really should call it “Humongous Data” or something.  According to IBM’s Jeopardy-winning Watson, an astounding 2.5 billion gigabytes of data are generated every day. Joseph Raczynski, a legal technologist futurist says we’ve reached the point where no one person can possibly absorb the vast ...