Posts Categorized: Innovation

What disruption really means

Posted by & filed under Innovation.

“You keep using that word,” said Inigo Montoya. “I don’t think it means what you think it means.” “That word,” in the current legal marketplace, is “disruption,” a terrific word that’s instrumental in understanding what this market is going through, but one whose overuse is generating a growing backlash. The tipping point might have been… 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 »

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 »

Back when we used lawyers

Posted by & filed under Innovation, Technology.

My father was born in 1922. When he was 7, and the stock market crash triggered the Great Depression, cars were still an unusual sight in his hometown. Forty years later, he watched a live broadcast of Neil Armstrong walking on the surface of the moon. Less than 40 years after that, he used Skype… Read more »

The confidence of the dinosaurs

Posted by & filed under Innovation.

“When the platform changes, the leaders change.” — Seth Godin You’ve seen the same signs I have. The volume of pro se litigation continues to set new records every year, most notably in family law. Do-it-yourself websites for contracts, wills and divorces keep flourishing, with non-lawyer providers like LegalZoom and Rocket Lawyer boasting millions of… Read more »

The limited-profit law firm

Posted by & filed under Innovation, Purpose, Uncategorized.

What if your law firm were legally prohibited from making too much money? What if there were a fixed profit ceiling for equity partners, and any profit exceeding that amount had to be distributed to others? What if your firm explicitly placed social goals ahead of revenue goals — what would change about your firm’s… Read more »

Post Categories