Posts By: Jordan Furlong

Why is your law firm merging?

Posted by & filed under Big Firms.

What do you think of when you read the phrase “a large law firm”? What type of law firm comes into your mind? How many lawyers does it have? In how many jurisdictions is it located? What is its annual turnover? How you answer these questions will vary according to your own market and how… Read more »

The evolution of the legal services market: Stage 5

Posted by & filed under Innovation.

In the four previous entries in this series, I’ve sketched out what I see as the decline and subsequent rise of the legal profession over the next 10-15 years as a direct effect of rapid evolution in the legal market. My fundamental premise throughout these posts has been that the emergence of new competitors and… Read more »

The evolution of the legal services market: Stage 3

Posted by & filed under Innovation.

In the first two parts of this series, we looked at the traditional legal marketplace that held sway for many decades and the current disruption in the market caused by new technology, new competition and new regulation. Today I want to extend the time horizon a few more years and suggest what Stage 3 of… Read more »

The evolution of the legal services market: Stage 2

Posted by & filed under Innovation.

In yesterday’s entry, we painted a portrait of a closed legal marketplace long dominated by lawyers, and we considered the positive and negative results of that state of affairs. Today, in the second of five stages of legal market evolution, we’ll look at current events and forecast the likeliest path those events will take in… Read more »

The evolution of the legal services market: Stage 1

Posted by & filed under Innovation.

I recently delivered my 15th and final presentation of 2012 about the changing legal market. Over the past 12 months, I’ve given speeches and keynote addresses to large firm retreats, sole practitioners, bar leaders and regulators, chief justices, law students, CLE providers, law librarians, and other groups and organizations throughout the United States and Canada. If… Read more »

And the walls came down

Posted by & filed under Access, Purpose.

Last week, I had the pleasure of delivering a speech to the Institute for the Advancement of the American Legal System (IAALS), an innovative program headquartered at the University of Denver that addresses reforms to legal education, access to justice, and judicial selection. They had asked me for a presentation that would explain the challenges facing the… Read more »

Law firm profits in the process era

Posted by & filed under Big Firms, Process, Talent.

Large and midsize law firms appear to have an “expenses problem.” Profit is weak, flat or in decline at many midsize and large law firms, says the Hildebrandt Institute. It reports that demand slacked noticeably in the second quarter of 2012 following decent but uneven growth in the first quarter. More problematically, however, expenses soared… Read more »

The College of Law Practice Management’s 2012 Futures Conference

Posted by & filed under Innovation.

The College of Law Practice Management does a lot of great things — honours the pioneers and brightest lights of legal management, sponsors the InnovAction Awards, supports various access to justice initiatives, etc. But next month, you have the opportunity to participate in one of the College’s most high-profile and important projects: The Futures Conference…. Read more »

Walking away from a losing game

Posted by & filed under Big Firms, Clients, Law School, Publishing.

And suddenly, everyone’s talking about Procurement. Not that long ago, warning lawyers about the rise of the corporate purchasing function was a little like a medieval parent telling their children about the goblin who lived under the floorboards: you’d better behave, or he’ll come and eat you up. Now the goblin is loose: Procurement’s importance… Read more »

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