“The legal industry has moved away from a time of calling for great change but not really changing.” This is how Mike Abbott, global lead of Enterprise Thought Leadership & Content Strategy at Thomson Reuters, characterized the legal space in his opening address at the most recent Marketing Partner Forum. “Today’s most successful law firms are …
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2018 Legal Executive Forum: Law Firm Demographics and the Talent Landscape
With its broader theme of “Culture, Client Service & Law Firm Talent Transformation,” the 2018 Legal Executive Institute Forum featured a panel discussion with “Gen X” law firm executives on the opportunities and challenges of leading firms during a period of major economic and cultural change. The panel’s moderator, Cristina A. Carvalho, managing partner at Arent Fox …
- June 15, 2018
- Alex Cook
2018 Legal Executive Forum: Shining a Light on Law Firm Profitability
The 2018 Legal Executive Forum kicked off with a presentation by Dr. Evan Parker, who explored the use of statistical models to illuminate a law firm’s profitability drivers and differentiators. Parker, managing director of Analytics & Research, LawyerMetrix, provided specific examples for how his company uses data science to help its clients set their “profitability …
- June 14, 2018
- Alex Cook
#LEIMPF2018 – Law Firms, Clients and Performance Evaluation
When relying on legal services, law firm clients traditionally had to accept law firms’ decisions on rates and assignments of who performed the work. Today clients have made a dramatic shift to what is now largely a “buyer’s market,” and are relying on data analytics and various technologies to more actively manage their external legal …
- January 23, 2018
- Alex Cook
#LEIMPF2018 – Strange Bedfellows
Alternative legal services providers (ALSPs) entered the legal market via a frosty reception by many, especially law firms, and have substantially impacted the legal market. But corporate law departments, who also may have been somewhat skeptical, were at least more willing to explore working with these alternative providers to deliver certain legal services at a …
- January 22, 2018
- Jeff McCoy
Do You Know What Your Corporate Clients Are Really Thinking?
Corporate clients may be evaluating outside counsel and shifting work more frequently than you might think. A new survey from the Legal Executive Institute says more than half (58 percent) of corporate legal departments surveyed say they shift their legal work among law firms at least once every two years. Nearly one in five (18 …
- December 13, 2017
- Leonard Lee
What Makes a Law Firm a Dynamic Industry Leader?
The law firm market is becoming increasingly competitive, as described in last week’s Q3 2017 Peer Monitor Index Report. But some law firms are managing to achieve consistent above-market growth, even in this difficult environment. What sets these firms apart? The 2017 Dynamic Law Firms Report examined top-performing law firms and identified several key factors …
- November 13, 2017
- Leonard Lee
Corporate Legal Department Operations Forum 2017 – Insights from Josh Kubicki
The investment by each party into the law firm-client relationship is imperative to its success and legal department operations professionals understand there is a need for additional business rigor between the firm and the business. Josh Kubicki, chief strategy officer at Seyfarth Shaw, discusses this landscape and concepts from the panel “Examining Innovation in the …
- October 3, 2017
- Alex Cook
Corporate Legal Department Operations Forum 2017 – Insights from Mark Haddad
Corporate legal departments continue to face pressure surrounding budgets, bandwidth and efficient processes. A panel focusing on that at the Thomson Reuters Corporate Legal Department Operations Forum gathered to discuss the ideas of how to become less of a cost center, a better business partner, leveraging alternative legal service providers and more. Mark Haddad, head …
- October 3, 2017
- Jeff McCoy
Corporate Legal Department Operations Forum 2017 – Insights from Rob Gitell
Rob Gitell, senior director, Thomson Reuters Legal Tracker, recapped his presentation from the Thomson Reuters Corporate Legal Department Operations Forum. Gitell shared some data from the inaugural Thomson Reuters Legal Tracker LDO report release in May 2017 along with a sneak peek into a few data points from the upcoming October release of the report, …
- October 2, 2017
- Alex Cook
