https://eloquentgushing.com/djkrnqjaylp What we do as lawyers can be life affirming, helping our clients, and potentially shaping society for the public good. A career as a lawyer is an extraordinary calling, and to be a lawyer in the legal profession is a privilege. Nevertheless, the profession of law today is more challenging today than ever before.
Buy Cheap Xanax From Canada The legal profession in Canada, the U.S., the UK, Australia, and the western world is in a period of major change. Once insulated, law has become one of the most competitive markets in the new normal.[1] Lawyers and traditional law firms are no longer perceived as ‘one-stop’ trusted advisors to clients, business or government.
https://www.completerehabsolutions.com/blog/cf10zxg2rbk Discontent with the legal profession runs deep. As noted by one Canadian commentator, “most law firms around the world still practice law the way it has been practiced for centuries; a labour-intensive endeavor carried out by high-priced personnel billing by the hour. Protected by legislated monopolies, law firms have been allowed to grow complacent, fat and inefficient.”[2]
https://www.psicologialaboral.net/2024/08/07/5ezldxnxf There is something inherently troubling about a billing system that pits a lawyer’s financial interest against that of its client and that has built-in incentives for inefficiency. The billable hour model has both of these undesirable features.
– Madam Justice Sarah Pepall, Ontario Court of Appeal[3]
https://polyploid.net/blog/?p=sfvzisaoj Today’s traditional law firms and BigLaw face challenges of unprecedented scale and complexity. As identified by the Canadian Bar Association’s Legal Futures Initiative, the combined forces of globalization, technology, and market liberalization are creating new services, new delivery mechanisms, and new forms of competition. Those changes are altering client needs and expanding client expectations. Clients want services to be quicker, cheaper, and smarter. They want more transparency and involvement, and they want to be and stay connected. The key to establishing a viable, competitive, and relevant legal profession is innovation and leadership— not just the development and adoption of technology-driven platforms and service delivery models, although they are critical, but also through new ideas about how lawyers are educated and trained, and how they are regulated to maintain professional standards while protecting the public.[4]
Competitive innovative law firms and NewLaw are embracing lean and design processes,[5] appropriate technology, outsourcing, and alternative value based billing models as a way to meet the needs of cost-conscious clients, maximize value, disrupt the business relationships of traditional law firms, and foster new long-term relationships for themselves.[6] In addition, traditional law firms also face two other new and different business model competitors: corporate legal departments, which continue to expand dramatically as more work of increasing complexity is brought in-house[7]; and the Big Four ‘accounting firms’ (outside of the U.S.).[8]
https://homeupgradespecialist.com/7vynh397up However knowledgeable a lawyer may be in the “law”, clients will not continue to work with lawyers with antiquated processes and technology. Since the 2008 downturn of the world’s economy, the traditional relationship between lawyers and their clients has shifted – “legal services have been demystified, and legal service consumers are more knowledgeable, sophisticated and connected”.[9] Clients want value and solutions for the legal services they pay for, and quite rightly are questioning the ‘value received’, ‘billing model’ and ‘size of their legal bills’ as provided by traditional legal firms.[10] The ‘more for less’ challenge requires that to be successful going forward, legal service providers must deliver appropriate legal services for lower cost[11] – and to do so, they must be competitive, efficient and innovative in respect to appropriate processes, technology, and delivery model.
The emergence of a competitive and innovative legal services marketplace is forcing the legal profession in Canada and the U.S. to come to terms with the reality that the traditional law firm – the guild model of designing and delivering monopoly protected services under the rubric of “the practice of law” – may no longer be an acceptable response to clients demanding alternative legal providers who are innovative, competitive, and cost effective.[12] The lawyer / law firm monopolies are fading – the real question for Canada and the U.S. is not “whether” the rules governing the legal profession will continue to be liberalized, but “how”.[13]
How To Get Real Xanax Online The purpose of the law is not to keep lawyers employed. Rather, lawyers should survive in this changing environment because they bring value that no one else can – not because other providers are regulated out of the market.
https://merangue.com/x5snu19qrn – Canadian Bar Association, August 2014[14]
The traditional bespoke “artisan” model of lawyering – legal work provided in a highly personalized or customized manner in respect to complex social, economic and political matters – is being replaced by commoditized legal work, and corporate and individual client’s relentless pressure toward “more for less” will intensify this trend.[15] Law firms will continue to face mounting pressure from clients to deliver more efficient services at lower cost. At the same time, they must compete with legal service providers who operate under alternative business models. These providers can leverage improved processes and appropriate new technologies to create efficiencies and drive down overhead costs, which they generally then pass on to consumers. This enables the alternative legal service providers to side step the traditional law firm and directly serve corporate consumers who perceive traditional legal services to be overvalued, and for cost reasons, individual consumers who were previously underserved or unserved by the legal profession.[16]
Alprazolam Cheap To respond, law firms will have to go beyond simply cutting costs through processes and technology, while continuing to preserve the traditional way they win work, produce work, charge for work, and govern themselves. To be successful long term, law firms need to adopt a strategic cross-disciplinary leadership approach that is better adapted to serve their clients not just today, but well into the future. To succeed under the changed circumstances, law firms need to remake their business models in accord with the needs of their clients.[17]
Increasingly, in the commercial context, lawyers are not the straw that stirs the drink. They are but one feature in a broader supply chain and as solutions become mostly technology or process driven, the best outcomes are going to be achieved by cross-disciplinary approaches.
https://udaan.org/e2anzukw4.php – Jason Moyse and Aron Solomon, Canadian Lawyer[18]
Buy Real Xanax Bars Online General Counsel have stated that “simply hiring the right law firm is no longer a tenable strategy when reporting to the C-suite and boards of directors.”[19] General Counsel for large organizations, Chief Legal Officers and managers within small- to medium-sized businesses, and individuals are increasingly demanding more efficient legal services that deliver value for lower cost.[20]
Cheap Alprazolam From Mexico Instead of developing long-standing relationships with clients and their range of problems, the modern lawyer is often seen as an increasingly isolated expert specialist.[21] In contrast, outside of the U.S., the Big Four “accountant firms” have managed to reinvent themselves as “globally integrated business solution advisors” (where an important component of the business solution that they offer is law).[22] They are beginning to be looked upon as more than “just the scorers” — they are recognised as multidisciplinary business advisers, who are experts in business methodology such as process management, unbundling of legal services and commoditization, outsourcing, and partnering to reduce legal cost and increase delivery to the client’s bottom line.[23]
https://solomedicalsupply.com/2024/08/07/a7hrnlw911 The legal profession is undergoing a massive transformation. We at Deloitte Legal see a clear need for a new type of service that combines legal advice with strategic advice across other disciplines. This is not currently provided by other law firms. Our clients want us to bring new solutions to the table, and that’s exactly the gap we want to fill. Our ambition is to become the law firm of the future.
Buy Alprazolam Powder China – Piet Hein Meeter, Global Managing Director, Deloitte Legal[24]
Cheap Alprazolam Pills In Canada and the U.S. the traditional law firm legal service delivery model has only modestly advanced from the 19th century. The traditional law firm’s simplistic business model, and the reality that rainmaker partners hold an inordinate and inappropriate amount of power over long term firm strategy, can dramatically limit the strategy options of law firm management and its leaders to compete.[25] There’s a lack of incentive for partners to want to innovate on any significant scale due to the traditional business model of the law firm – it is a “cash-and-carry business”, where the partnership essentially pulls out all the working capital every year and pays it out amongst the partners: “It’s really hard to get a 60-year-old lawyer who has a window of five years before retirement to agree on a seven-figure investment on something that’s going to be cash-flow negative for the first three to four years and start paying dividends five years down the road”.[26]
Internationally, expectations in client service are being transformed by the growth of alternate business structures (ABSs) which permit non-lawyer investment and ownership, and multi- disciplinary practices (MDPs) which combine legal services with other professional services.[27] An alternative business structure, or ABS, is a broad term that includes any form of law firm business structure as well as alternative means of delivering legal services.[28] These new forms for delivering legal services permitted elsewhere in the world (i.e. UK[29] in 2007, and Australia[30] in 2001) are bringing non-lawyers into the ownership and management of legal practices, stimulating “non-lawyer capital” investment in innovation (processes and technology). Even outside of Europe and Australia, traditional BigLaw firms in the U.S. and Canada are influenced to at least adopt or consider stronger organizational governance and professional management within their own law firms.[31]
https://sugandhmalhotra.com/2024/08/07/hkxybts With the proper leadership and governance, there is still many opportunities and “low hanging fruit” yet to be picked in terms of law firm efficiencies. Contrary to what we hear, not every “new” or “huge” innovative technology or process is disruptive, not every NewLaw start-up will beat the incumbent law firm business model firms, and not every traditional law firm is going to be disrupted in the U.S., Canada, the UK, Australia, etc.[32] More than anything, most legal technology are a set of tools that help lawyers work more efficiently so that they can focus on the things the practice management software or AI legal research technology they are utilizing cannot – be smart lawyers.[33] Disruptive innovation ‘is not about mere technology, but about a game-changing business models that makes new use of an existing technology or takes advantage of a technological advance’.[34]
https://nedediciones.com/uncategorized/tkj8tk26 Whether one agrees with a particular philosophy, model or analysis, there is a path forward for the legal profession that meets the needs of individual and corporate clients in the ‘new normal’, but the legal profession must evolve and lead. Leadership will be key – and cannot simply consist “of cultural signals and symbolic goals”. This requires a fundamental shift in how law firms think of themselves: from simply subject matter experts who must do everything possible to address the legal issue presented, to trusted, competitive and innovative cross-disciplinary professional legal service providers who are strategically positioned to provide leadership and give their clients what they actually want in an efficient cost effective manner.[35]
To-morrow, and to-morrow, and to-morrow …
Life’s but a walking shadow, a poor player
That struts and frets his hour upon the stage
And then is heard no more: it is a tale
… full of sound and fury, signifying nothing.
Buy Xanax Eu https://aiohealthpro.com/fuz3a0gzc Last Port of Call – Are Lawyers botching transition from Profession to Business?
https://homeupgradespecialist.com/6gzbk5cj48 What unique value does a lawyer offer today? Historically the lawyer was the trusted adviser to individuals, business, and government. As noted by Anthony Hilton in the UK’s Evening Standard, the lawyer was their first call in times of difficulty, the one they all turned to when it mattered. Since the 2008 financial crisis, however, lawyers have “allowed themselves to be pushed further and further down the food chain, and away from the seat of power”. In today’s commercial world, when there is a deal to be done it is picked over by investment bankers, brokers and business advisors, and increasingly outside of the U.S., the Big Four “accountant firms” seen as “globally integrated business solution advisors” (where an important component of the business solution that they offer is law)[36] — all of whom have a share of the ear of the chief executive. Then “when all the high-level stuff has been sorted by these experts, the package is tossed to the lawyer with instructions to sort it out and make it presentable”.[37]
https://polyploid.net/blog/?p=gepv6yon0 As the law is becoming commoditised, lawyers are becoming “the last port of call” in the professional services world as this scenario plays out. In this environment, some of the best and brightest lawyers in Canada, the U.S., the UK, Australia and Europe have moved “in-house as general counsel [and leaders] in the biggest companies, taking the interesting legal advisory work with them. They live in a world where, in many cases, competition between firms comes down to who will do it cheapest”.[38]
Alprazolam Online Overnight Lawyers have botched the transition from profession to business in a way accountants have not.
– Anthony Hilton, Evening Standard[39]
https://foster2forever.com/2024/08/nq43saw.html That inevitably means a slow death for those traditional law firms and specialist lawyers who do not have the cross-disciplinary approach and efficiency, cannot adopt the innovative processes and technology, “and who, in their hearts, don’t really believe that is what the law should be about”[40]. The resistance to some forms of innovation in legal service provision may be related to lawyers’ self-conception and tradition. Lawyers practice in a literally storied profession that emphasizes the independence of the lawyer and the status of the occupation as a profession rather than a business. Some prominent lawyers are appalled and saddened by innovations in the provision of legal services, and the changing role of the lawyer.
This tradition has given rise to a unique professional culture – which in Canada and the U.S. includes the right of ‘self-regulation of lawyers’ and strict restrictions on non-lawyer investment and ownership of law firms, alternative business structures (ABS), and multidisciplinary practices (MDP) – which is not the case, for example, in such jurisdictions as the UK[41] and New South Wales, Australia[42]. It has been used to justify opposition to any perceived threat to the lawyer’s independence; it has also justified a variety of restrictions on who can practice law and how they can do so. Indeed, in other industries, similar restrictions might be considered anticompetitive and illegal. For good or bad, these restrictions, rooted in this tradition, constitute substantial impediments to leadership and innovation for traditional lawyers and law firms in Canada and the U.S.[43]
Traditional law firms in Canada and the U.S. are seen to be trailing other professional services firms in their ability to offer integrated multi-disciplinary services, as alternate business structures (ABS) would allow non-lawyers into the ownership and management of legal practices, stimulating “non-lawyer capital” investment in appropriate and strategic innovation (processes and technology) while further opening the legal marketplace to broader competition across national, state and provincial borders in respect to legal services (i.e. better, faster, cheaper).
How did ABS business models for the delivery of legal services take ‘root’ in other jurisdictions, when self-regulated legal professions in Canada and the U.S. generally “protect” their members from such outside influence or competition? For the UK, the innovative changes came about through a government initiated and controlled two year study of the British legal delivery system when it was still self-regulated:[44]
“Perhaps the most remarkable aspects of the UK’s Legal Services Act of 2007 are: (1) the Clementi Report which serves as its foundation and legislative history; and (2) that it was enacted in the first instance. Sir David Clementi, a former Deputy Governor of the Bank of England with a distinguished career in business, conducted a two- year, exhaustive study of the British legal delivery system, examining both the retail and corporate ends of the market. His https://homeupgradespecialist.com/79zecpcy conclusions were stark and pulled no punches: that in both segments of the market, clients were not being well-served by the self-regulated legal profession; that law was a monopoly; that the legal delivery system was broken and needed to be repaired; and that client interest should be accorded primacy over lawyers’ (self-) interest. After considerable back-and forth, legislation was passed that fundamentally changed existing regulations (still in place in the U.S. save for DC) that: (1) permitted inter-disciplinary practice; (2) allowed non-lawyer (“outside”) investment in law firms; (3) sanctioned non-lawyer management and equity ownership of law firms; and (4) established a process by which firms could become ‘Alternative Business Structures.’ …
The Act did not take full effect until 2012, so there is still a relative paucity of data gauging its impact. But some things are clear: (1) a growing number of law firms (as well as service providers) are applying for and securing ABS licenses; (2) interestingly, this includes Cahill Gordon, a bespoke, U.S. based firm (who secured licensure via its UK LLC) as well as Legalzoom, a well-known American IT/legal document company; (3) a number of large British firms have done so; (4) so too have several firms from other parts of the globe including Slater and Gordon of Australia (the first law firm to have an IPO); (5) “new model” firms such as Riverview (whose ownership includes partners from DLA) have sprung up, providing consumers with fresh approaches to legal delivery; and (6) https://merangue.com/2j916aau the UK has become the epicenter of legal innovation as well as base camp for global expansion . Liquid Alprazolam Online What is also clear is that the profession has been jump-started, not hijacked, by the UK’s regulatory change. Retail clients are benefitting from the market competition being driven by new entrants as well as reconfigured incumbents (the UK has its own access to justice crisis) and corporate clients, likewise, have more value driven options. Even Magic Circle stalwarts like Allen & Overy are flexing their innovative muscles by creating a “hybrid” set of offerings that provide clients different “flavors” of legal delivery based upon matter value and type. The Legal Services Act, soon to be revamped to make it even more client-centric and devoid of red-tape, has done nothing to undermine the profession. Instead, it has freed up lawyers to collaborate with those trained in business management, process, and IT—among others. Better still, it enables these key non-lawyer participants in the legal delivery process their rightful opportunity to have equity in the firms they have become such a critical part of. This will only benefit clients and, at the same time, make law firms more stable. …
Innovation in the delivery of legal services is occurring on this side of the Atlantic [U.S. and Canada] but its potential impact is being blunted somewhat by the existing regulatory scheme. When will things change? When clients here demand regulatory reform and/or when foreign-based law firms and service providers start eating U.S. firms’ lunches. And the delay is too bad, because it’s a lost opportunity for clients and, as U.S. lawyers might learn the hard way, for them, too.”
The position of regulators in Canada[45] (Law Societies) and the U.S.[46] (State Courts)[47] with respect to ABS and non-lawyer ownership and investment is currently as follows:
- Canada – The Canadian Bar Association’s Legal Futures Initiative report in 2014 noted that there is “good evidence from Australia and England and Wales that non-lawyer ownership need not cause harm to client representation or the public interest”, and recommended that the “Canadian regulatory framework should be liberalized accordingly to achieve similar benefits”. In 2015 the Law Society of Upper Canada dropped the idea of allowing non-lawyers to hold majority ownership of law firms – as in England and Australia where firms can list shares on an exchange or raise capital from private-equity funds instead of relying solely on funds raised through debt – although a working group has continued to examine the possibility of allowing non-lawyers to hold a minority stake in areas of legal services not well served by traditional practices in the name of fostering innovation.
- U.S. – The American Bar Association’s ABA Commission on the Future of Legal Services report in August 2016 recommended that the Courts consider regulatory innovations in the area of legal services delivery. In respect to ABS, the Commission recommended that “continued exploration of alternative business structures (ABS) will be useful, and where ABS is allowed, evidence and data regarding the risks and benefits associated with these entities should be developed and assessed”. This has generally been considered a ‘dead letter’ in the U.S., the traditional policy of the ABA being a strict prohibition, so the recommendation of the ABA is considered a small step forward.
As a result of the Law Society of Upper Canada’s position, Sandra Rubin of Lexpert Magazine asked: “Has innovation been sitting on its hands while Ontario’s law society decides whether to bless non-lawyer minority ownership of innovative structures? In-house lawyers are increasingly insistent legal fees be reined in and law firms are increasingly desperate to find ways to do that. Is that all on hold?”[48]
Chris Bentley, Executive Director of the Legal Innovation Zone at Ryerson University in Toronto has noted: “Innovation is not waiting. … With technology, jurisdictional boundaries mean less and less. I’m not sure that those who look to the law society to restrict or slow or prevent change – to maintain the status quo – are aware of how quickly things are changing.”[49]
When asked if the legal profession can move into the future without external investment, Law Society of Upper Canada CEO Robert Lapper was unequivocal. “No”.
– Gail Cohen[50]
As a result, because of regulatory constraints, management structures, and reliance on old models of legal service delivery, many traditional law firms in Canada today demonstrate one or more of the following issues:[51]
- insufficient investment in innovation;
- restrictions in the range of services and cost structures provided;
- limited participation of non-lawyer business professionals in management;
- lack of collaboration with other lawyers and non-lawyers;
- the immediate distribution of profits in a way that acts as a disincentive for retaining resources for research and development and dampens the career prospects of junior lawyers and new calls to the Bar.
If adopted and authorized in an appropriate and robust manner by regulators in Canada and the U.S., alternative business structures (that have been implemented in the UK and Australia) would be important tools for the legal profession to at least have available for those firms looking to drive appropriate investment and adoption of innovative technology and processes.[52]
Dominic Jaar started an e-discovery firm that was acquired by KPMG. … He notes that accounting firms are more proactive than most law firms when it comes to change: “KPMG invests in R&D constantly…. It is companies and service providers in related areas that are attacking the practice of law. It is people from outside law who have realized that 80% of what lawyers do is not protected, so they are moving into those areas. Those people are innovating.”
– Dominic Jaar, Futures: Transforming the Delivery of Legal Services in Canada, August 2014[53]
Instead of developing long-standing relationships with clients and their range of problems, the modern lawyer is often an increasingly isolated expert specialist.[54] In contrast, the accountants in MDP and/or ABS business models have managed to reinvent themselves. They are now no longer “just the scorers” — they are recognised as multidisciplinary business advisers (where an important component of the business solution that they offer is law).[55]
There is a point at which an institution [regulator] attempting to provide protection to a public that seems clearly, over a long period, not to want it, and perhaps not to need it—there is a point when that institution must wonder whether it is providing protection or imposing its will. It must wonder whether it is helping or hurting the public.[56]
https://www.clawscustomboxes.com/by4xfx2g Commoditization of the Law
Although the law can be of profound significance to business and to the working and social lives of individuals, the full breadth of the law is often too complex for non-lawyers to understand without help. Historically, non-lawyers sought guidance from lawyers, and society granted the legal profession exclusive rights to provide assistance, one policy reason being the protection of the public.[57] Within these parameters, the traditional law-firm business model delivered technically excellent service, but at seemingly whatever cost. With the increasing complexity in society and the business world, clients – in particular corporate clients – needed more sophisticated and specialized legal services. The vast majority of those services were only available through a labour-intensive, bespoke billable-hour model.
So clients paid the ‘going rate’, and traditional law firms and BigLaw became more profitable by steadily increasing rates and hiring an increasing number of lawyers to keep up with demand. Because of these rapidly rising profits, law firms had little incentive to control legal fees, improve efficiency, or innovate. The downside for law firms was always off in the distance.[58]
In 50 years, the customer experience at most law firms has barely changed. If you needed legal advice in the ‘60s, you generally went to a nice building and met a lawyer in a suit who would then review your issue, conduct research, and bill you an hourly rate. But even with today’s modern communication tools, both customer experience and lawyer workflow have remained stagnant.
– Bob Goodman and Josh Harder, Four Areas of Legal Ripe for Disruption by Smart Startups[59]
There has been and continues to be strong criticism and “voices of concern from outside the profession” that lawyer fees are too expensive, access to justice is compromised, and that around the world the legal profession is “often not fulfilling the expectations of consumers of legal services”. https://www.completerehabsolutions.com/blog/hxemlbuiz4q [60] Supreme Court of Canada Justice McLachlin has noted that “the monopoly that the legal profession has traditionally enjoyed on the delivery of legal services, is eroding. Historically, it was widely accepted that only qualified lawyers – practitioners vetted and certified by bar associations – were permitted to provide legal services to clients, and then only through specific types of organizations, such as partnerships. These assumptions no longer prevail. In the age of the Internet, people are questioning why they, the consumers of legal product, should be forced to go to expensive lawyers working in expensive office buildings located in expensive urban centres. Why, they ask, should a client retain lawyers, when integrated professional firms can deliver accounting, financial and legal advice? Why are simple disputes not resolved in simple, cost-effective mediation rather than by elaborate and expensive court proceedings? Public attitudes and demands are changing. Demands to relax the laws and regulations that govern who can offer legal services and how they should be rendered are following swiftly on the heels of questions like these. I am not talking about the future, but of now”.[61]
In Canada and the U.S. the traditional law firm legal service delivery model has only modestly advanced from the 19th century. As such, the era of exclusive relationships with a lawyer sitting behind an expensive wooden desk administering expensive legal advice is coming to an end.[62] Some legal commentators suggest that many of the issues negatively impacting the legal profession, and in particular traditional law firms and BigLaw, is due to the law firm’s “outdated partnership model”, a “poor institutional choice for the delivery of legal services in today’s legal market” as the traditional model encourages partners to fixate on the short-term gain of the individual partner rather than the long-term success of the overall law firm.[63] The traditional law firm’s simplistic business model, and the reality that rainmaker partners hold an inordinate and inappropriate amount of power over long term firm strategy, can dramatically limit the strategy options of law firm management and its leaders to compete, or even survive.[64] To gain share, firms need to do better than the competition. Absent a unique market position, which only a handful of firms have, the only sustainable way to be better is through leadership, innovation and improved service delivery. Therefore, to be successful in the ‘new normal’, law firms must overcome the ‘partnership drag’ of the traditional law firm business model, and compete by becoming “commercial enterprises as well as professional service shops”, raising capital, appropriately investing in the future, and instituting “business processes and leveraging technology”.[65]
In this demanding environment, many Chief Legal Officers are embracing the role of change agents, wielding their buying power, leveraging technology and process efficiency, and outsourcing to alternative providers, all to build a more effective and flexible legal function.
– Altman Weil, 2016 Chief Legal Officer Survey[66]
When the credit markets seized up in the fall of 2008, large corporations had to quickly cut expenses. The financial crisis placed significant pressure on corporate General Counsel to control legal spend, in line with the other C-suite level officers and divisions.[67] At that time, many General Counsel and in-house legal departments woke up to their ability to successfully bargain over price with traditional law firms, including BigLaw the nation’s largest and most prestigious law firms. Decades of success had not prepared BigLaw for a rigorous battle over market share,[68] and the stronger General Counsel were positioned to accelerate the challenge to the legal profession as the sole provider of legal services.[69]
Armed with enterprise legal management technology systems, external counsel management metrics,[70] ‘third party lawyer rating’ services, and disciplined business knowledge and practices (i.e. supply chain procurement practices, RFP’s, law firm convergence, pricing controls and value based legal fees, key performance indicators and industry benchmarks), General Counsel had their law departments bring more work in-house, required traditional law firms to participate in RFPs, and began to strategically rely on NewLaw alternative service providers and outsourcing of unbundled legal services (for corporate or litigation matters) to obtain the benefit of economies of scale and supply chain economics.[71] Increasingly, corporate clients are no longer seeing traditional law firms as a one-stop shop for their legal needs – and according to the Altman Weil 2016 Chief Legal Officer Survey there is a concern about “the lack of innovation in service delivery by law firms”.[72]
The first is for in-house departments not only to be vastly more efficient in their deployment of the traditional combination of internal labour and external law firms, but also to ensure that work is undertaken, where appropriate, by less costly suppliers of legal services, such as legal process outsourcers and paralegals.
― Richard Susskind, The End of Lawyers?: Rethinking the nature of legal services
The traditional law firm model is often seen to sell the client a ‘Cadillac’, even when the client only needs or wants a ‘Ford’. Many of the competing NewLaw models promise the ‘Ford’, with prices to match.[73] It is clear that, as law firms compete for legal business, they face new competition from ‘lean’ and innovative alternative legal service providers, including the large accounting firms (outside of the U.S.), in-house legal departments, legal process outsourcing companies (LPOs), and legal technology providers.
The delivery of legal services is being pushed from purely bespoke towards a delivery model that is systematized and commoditized to provide efficient, cost effective legal services.[74] In this ‘new normal’ the traditional law firm is no longer perceived to be the only legal service-delivery model in the world.
A new legal ecosystem has emerged with new players and new answers providing important legal services to clients, giving General Counsel and sophisticated clients more leverage and putting more pressure on the traditional law firm business model and their perception as the trusted legal adviser.[75]
There is an opportunity to bridge the client interest and law firm interest with new technologies like Allegory Law, a software tool that integrates critical case information and provides clients with more effective data management. And Seyfarth Shaw’s Seyfarth Lean, a value-driven client service model that improves process with project management and tailored technology solutions. Meanwhile, BakerHostetler became the first BigLaw firm to engage ROSS, an “A.I. lawyer that helps lawyers research faster and focus on clients.”
– Charlotte Rushton, Three ways the legal world is changing[76]
https://eloquentgushing.com/cuccnrh971n Traditional Law Firms / BigLaw – loss of market share to alternative legal providers and innovative law firms: the Four Pillars of Innovation
With new innovative competition, the demand of corporate and individual clients for legal services that provide “more for less”[77] has eroded BigLaw’s share of the market for legal services. All evidence points to a flat market, at least for large law firms. Although legal profits for BigLaw rose substantially from 1984 to 2009, they have flat-lined since 2009.[78] However, the actual demand for legal services in fact grew during this period, the legal work being picked up by the rise of alternatives to traditional BigLaw law firms. Players other than traditional law firms have been disrupting the business relationships of the traditional law firms and meeting and fulfilling the growing demand (and as a result fostering new long-term relationships for themselves). The historical lack of innovation and efficiency within the legal profession encouraged the entry of the entrepreneurs who saw huge profit-making opportunity in automating, streamlining, and outsourcing legal work formerly done by traditional expensive law firm associates.[79]
Traditional law firms understand the expected competition from other law firms adopting innovative technology, processes and delivery. However, they now also face three new and different business model competitors: (1) corporate legal departments, which continue to expand dramatically as more work of increasing complexity is brought in-house[80]; (2) new market entrants, such as Axiom[81] and Pangea3[82] (legal outsourcing),[83] which continue to reshape the market as they climb further up the pyramid of services historically provided by traditional law firms and BigLaw;[84] and (3) the Big Four accounting firms. The Big Four[85], presumably having learned important lessons from their previous foray into legal services, continue to hire lawyers across the globe. According to The Economist, “[the Big Four] have now reached a size where they outgun most law firms: by headcount, PwC’s legal arm is the world’s tenth-biggest, and all four networks’ law divisions are in the top 40 by this measure.” Although there remains some question as to whether the Big Four aim to bring those same expansion plans to the U.S. market, Deloitte has taken serious steps – albeit ensuring its legal arm Deloitte Conduit Law LLP [which now includes on demand outsourcing for legal departments and law firms] is practicing only in “affiliation” with Deloitte LLP – into the Canadian market,[86] it’s clear that they are global players in the legal market.[87] But what kind of market change and business model for delivery of legal services are we talking about in Canada – legal commentator Mitch Kowalski’s analysis is as follows:[88]
“I believe that Deloitte’s endgame is unmistakeable: to be the one-stop shop for as many ancillary legal services as possible; to do work that was traditionally done by associate lawyers at most law firms.
The impact of this strategy is two-fold. It provides relief for Deloitte clients in the form of lower costs; and it reduces overhead for law firms by removing the need to constantly hire, train and then fire associate lawyers that do work that can done by a Deloitte offering.
If the other Big Four accounting firms follow suit — and there’s no reason to believe that they won’t — we could very well see a significant restructuring of Canada’s larger law firms to become boutique practices performing only legal work that requires the highest level of subject matter expertise, while outsourcing all other aspects of a particular matter to a member of the Big Four.
If this were to occur, Deloitte and the other members of the Big Four will not merely be responding to a changing legal landscape, they will be the change agents themselves.”
Clients are looking for better value and service from its legal service providers through innovative technologies, processes, delivery models, and valuable ideas.[89] The four pillars of innovation available in legal service delivery are identified broadly by Professor Katz as follows:[90]
- Law: manifested in “substantive legal expertise.”
- Technology: rooted in “analytics, platforms, artificial intelligence (AI), computing, and knowledge management (KM).
- Design: focused on “process improvement, user experience, design thinking, and project management”.
- Delivery: mechanics such as the “business models, regulation, and marketing”.
https://blog.extraface.com/2024/08/07/df8ylkppou NewLaw and Legal Technology
Since the 2008 financial crisis and the downturn of the world’s economy, the power balance between lawyers and their clients has shifted: ‘legal services have been demystified, and legal service consumers are more knowledgeable, sophisticated and connected than ever before’.[91] Client power is rampantly on the ascendancy, intensifying price-down pressure on traditional law firms, in particular BigLaw,[92] and speeding up legal innovation and the development of competitive NewLaw ‘alternative legal service providers’[93] (i.e. NewLaw models,[94] with some overlap, include among others: secondment firms,[95] law and business advice companies,[96] law firm accordion companies,[97] virtual law firms and companies,[98] and innovative law firms and companies[99]). NewLaw has segmented the legal marketplace with its reliance on non-traditional and efficient business models, leveraging flexible work and billing arrangements, and disruptive business practices and technology (i.e. virtual workspace, value based fixed fee pricing, outsourcing, and legal technology).
Technology is a meaningful tool to deliver efficient cost effective value to clients. It is changing the landscape and is an integral part of every legal function. To remain effective in their jobs, legal professionals must at minimum develop the tech know-how to make wise technology decisions and in fact utilize the appropriate basic of technology.[100] In Canada, the U.S. and other western countries, the adoption of technology is far from universal. Nearly all the law firms in the 2016 Altman Weil survey identified the need to improve the efficiency of legal service delivery as a permanent trend, more than half of the law firms have not significantly changed their approach to achieve greater efficiencies.[101]
In Toronto, some traditional law firms of under 20 lawyers and BigLaw firms in excess of 250 lawyers surprisingly still lack even basic legal technology such as matter management software (a basic practice management system for the firm or even legal department). Clients will recognize and reward those firms who at minimum utilize even basic – but appropriate – legal technology, such as practice management systems, imaging/scanning optical character recognition technology (paperless technology), communication and collaboration tools, knowledge management and document drafting system, encryption and other security measures, and technology assisted review tools for documents.[102] However, sophisticated clients will expect more, as that is being provided by the innovative competitors.
Unfortunately technology poses for some lawyers and law firms “cultural and capability challenges, the like of which the legal profession has not previously encountered and for which it is ill-prepared”.[103] As such, because most lawyers are not trained as technologists, they need to have conversations between the domain expert lawyers and the technologists who can build the systems that will change the way the law operates. At minimum, lawyers should hire an IT or law and technology consultant to advise on software and hardware choices – and understand the “unique dangers that the use of technology may have when used to transmit confidential client information in a law office setting”. https://oevenezolano.org/2024/08/cx7l4bdf4d [104] As well, organizations mainly associated with Universities such as CodeX, the Center for the Legal Profession, and the Legal Design Lab at Stanford University and many others – Georgetown (Iron Tech Lawyer), Suffolk (Institute on Law Practice Technology and Innovation), Chicago-Kent (Center for Access to Justice and Technology), Michigan State (LegalRnD, and Reinvent Law Lab), Ryerson University (Legal Innovation Zone), MaRS (LegalX) – are working actively to facilitate those conversations.[105]
Failure to significantly invest in appropriate and strategic technology (to streamline or automate routine aspects of legal work via artificial intelligence legal tech, online legal services, practice management software, intellectual property / trademark software services, legal research, e-discovery, notarization tools) is undermining the traditional law firm business model’s ability to complete in the legal market. Revolutionary technologies such as ‘big data’ and improvements in artificial intelligence (such as IBM’s ‘Watson’ and the ROSS plain-language legal research tool used by solo practitioners and mega firms such as Dentons) offer unparalleled efficiencies in the delivery of certain aspects of legal work in law firms and in-house legal departments.[106] For example, AI can be used for compliance,[107] due diligence,[108] document automation and contract review[109], answering routine questions,[110] mining documents in discovery,[111] legal research,[112] predicting case outcomes[113] – faster, better, cheaper and becoming more so with the assistance of intelligent software.[114] AI is moving up the “legal vertical”, and “is not just about back-office administration, legal research and know-how – it is also front-end, client facing services and business development”, providing a competitive advantage “as firms that invest in AI can take on more work at competitive rates while maintaining their margin”.[115] Embracing technology is will continue to be driven by clients and by innovative competition from firms offering legal services and using technology which “many believe” will allow lawyers to focus on “complex, higher-value work”.
Technology makes matters faster, cheaper, more efficient and more accessible. Technology must be adopted now before that gap gets so large it can’t be bridged. Modern technology will be an important piece in the process of determining which firms and types of legal service providers thrive and which go by the wayside. There are career implications that are at least as important as the business ones. We can learn from recent history about what happens to companies and people that miss paradigm shifts in technology; they disappear into irrelevance:[116]
- Approximately 60 percent of the companies on Fortune’s list of the 500 largest companies in the mid-1990s are no longer on that list today, just 20 years later. These were some of the largest companies in the world, yet many couldn’t retain their status because they missed the transition to the internet. For many, their systems proved to be the silent killer of their business, while several of the companies that filled the open openings—such as Google, Amazon, Facebook—were born from the internet movement.
- In 1995, Sears was #9 and Kmart #15 on the Fortune 500, with combined revenue of almost $89 billion. Today, they’re a single company, #111 on the list, with revenue of $25 billion. In 1995, Amazon had just launched. Today, they’re #18 with revenues of $107 billion.
For NewLaw and advanced technology, with legitimacy comes normalization, reach and then market change.[117]
Law firms face increasing pressure to deliver more value to clients; and a key component of delivering more value is improving lawyer efficiency with technology.
– Ron Friedman, partner at Fireman & Company[118]
https://solomedicalsupply.com/2024/08/07/kolog5y Growing Disconnect between Lawyers and Clients
There is a growing disconnect between how lawyers and clients value the services provided by lawyers.[119] This discontent extends to the traditional law firm delivery model and culture – a culture, for example, where exponentially escalating billable hours are equated with value to clients and commitment to the firm. What is wrong with billing on an hourly basis? The answer: there is no incentive to lower costs; to the contrary, under the traditional law firm and billable hour model working efficiently reduces profit.[120]
The traditional partnership structure of traditional and BigLaw firms (and hourly billing practices) was once a major strength, but is now a major barrier to innovation: ‘Efficiency… is antithetical to the law firm business model, which is based on charging clients for time spent, rather than on results or other measures of value’.[121] It is difficult for firms to move from one business model to another as they are typically constrained by their own resources, processes and values.[122]
The hourly rate neither encourages nor rewards efficiency [but instead] penalizes it.
– William B. Lytton[123]
As recently as last year, 63 % of U.S. law firm leaders surveyed by the Law Firms in Transition Survey said that their law firms were not ‘doing more’ to innovate because ‘[c]lients aren’t asking for it’. Leaders of law firms employing at least 1,000 lawyers said that they were ‘not feeling enough economic pain to motivate more significant change’.[124] In Canada, the U.S. and other western countries, the death of the billable hour model in traditional and BigLaw law firms continues to remain greatly exaggerated. In Toronto, many traditional law firms (from 3 and 4 lawyers to 50 lawyers) and BigLaw firms in excess of 250 lawyers continue to utilize the billable hour model.
Not surprisingly, most clients perceive lawyers as neither efficient nor cost effective. Clients are increasingly frustrated with many traditional law firms and the way they deliver legal services. There is a general frustration with the billable hour model, and lack of a focused and consistent emphasis on such things as: staffing and flexible work practices; pricing and alternative value based fees; innovative and efficiency based technology (both investment and utilization); cloud-based tools that allow seamless communication networks; process improvement and knowledge management; project management; and reduced overhead (i.e. office space, outsourcing of administrative work to office management), which translates into considerable cost savings for clients.
Although many law firm leaders recognize the problem, they struggle to communicate it convincingly to partners who have become rich under the existing model.[125] Even some of the newer technically savvy lawyers may be potentially missing the big picture, as they pointedly send notes and images via social media confirming to clients and competitors that they do not fully understand the innovative ‘new normal’ in Canada and across the world (i.e. “Please do not confuse your google search with my law degree”).
Having personally written a book about failed firms, I am terribly aware of the monsters that await the legal profession; a reality that will come to bear with or without permission from the legal Titans. Despite the clouds gathering on the horizon, much of today’s legal leadership stands steadfast, choosing riskily to meet the juggernaut head on. There is still hope, however, for those guardians of the industry that remain astute and flexible.
– David J. Parnell[126]
The law profession does not have a reputation for embracing change. Many lawyers fear the commoditization of legal services, firstly for its potential to devalue the practice of law, and secondly – in respect to BigLaw in particular – because the revenue derived from such services may be perceived to be low, with the long-term margin failing to justify such financial investment for senior partners accustomed to “certain levels” of annual income. Many of the BigLaw partners in the U.S. and Canada who are thriving the most under the traditional model—selling their time for $1,000 an hour and feeding work to a large cadre of junior lawyers—are the major roadblock to a more competitive future. Unless these traditional law firm partners are willing to share risk toward the goal of developing a new source of firm-specific competitive advantage, BigLaw won’t be able to turn the corner long term.[127]
General Counsel for corporate clients worldwide – the U.S., UK, Europe, Australia, and Canada – “are generally dissatisfied with traditional law firms”, and “roughly half of those surveyed would consider hiring non-traditional legal service providers”.[128]
As both buyers and sellers of legal services, in- house counsel will continue to exert considerable leverage in requesting changing legal services.
– Canadian Bar Association, August 2014[129]
Order Alprazolam Online Cod Leadership and Legal Service Delivery Model
There is an opportunity to right the ship. In the past, Canadian and U.S. law firms “could once expect their competitors to be the mirror image of themselves: firms of the same size, all doing the same work for the same fees”,[130] however this is no longer the case and some within the profession have difficulty understanding their new competitors. This must change, starting with the regulators and the law schools.[131]
Aside from plaintiff’s lawyers [personal injury bar] … most lawyers are not entrepreneurial by nature and have long been shielded from competition. “They have a monopoly, and that is how they have survived.”
– Legal Strategy 101: It’s time for law firms to re-think their Business Model[132]
There is a solution. Leadership matters.
Lawyers are currently educated and trained to be wise counselors, providing practical advice and wisdom. However, they should also aspire and be trained to be wise leaders and practical visionaries. Lawyers should be able to build and lead law firms and organizations and in-house legal departments – to develop the vision, the values, the priorities, the strategies, the people, the innovative processes and appropriate delivery models, the checks and balances, the resources and innovative technology, and the motivation.[133]
It is not enough that we do our best; sometimes we must do what is required.
– Winston Churchill
Lawyers, more than any other time in our legal history, will have to think and act like entrepreneurs, and must embody a greater level of leadership and innovation in respect to client relationships, processes, technology and delivery model.[134] To be successful, lawyers must embrace a sustainable cross-disciplinary model for delivering legal services that is attractive to clients. https://transculturalexchange.org/2eqxkbhwq2m [135]
For the traditional law firms to have sustainable success, it will be the role of strong law firm leaders to lay the foundation for future growth, and fulfill the stewardship role law firm leaders hold dear.[136] We are seeing among BigLaw some example that strong firm leadership[137] is indeed leading to firm brands “becoming relatively more important than those of lead and rainmaking partners, as has occurred in other professions”.[138] To be successful in the ‘new normal’, law firm leadership must overcome the ‘partnership drag’[139] of the law firm business model, such that partners undermining the survival or long term success of the law firm are not allowed to ‘dictate the firm’s strategy and direction’ , or lack thereof. To compete, law firms must “become commercial enterprises as well as professional service shops”, instituting business processes and leveraging technology”:[140]
“In place of partners and committees, firm leadership roles will fall to “C-suite” executives with titles like “Chief Innovation Officer,” who will evaluate 10- and 20-year technology and cultural trends. CFOs and COOs will plan yearly capital investments and make day-to-day operational calls… In the process, experts say, firms will shed the inherent weaknesses of legal partnerships — slow, incremental committee decision-making, often thin management experience, easy dissolution, short-term planning — and replace it with a truly corporatized American law firm.
Many firms have in recent years modified parts of their business to better mimic other professional service businesses, such as implementing fixed fees, hiring non-lawyer CEOs, and outsourcing. Others are moving more aggressively to a corporate hierarchy they argue is better adapted for the overall survival of the business, rather than propped up by tradition to appease individual partners…. Many managing partners have had time since 2008 to realize that downward profit trends and changing attitudes about the value of legal services necessitate a stricter business discipline, and how more top down control can help make it happen.
In addition to the benefits of stability and cost controls, … flat-fee pricing and a de-emphasis of individual partners makes the firm’s business more understandable and appealing to clients who themselves work within a corporate structure.”
There is a path forward for the legal profession that meets the needs of individual and corporate clients in the ‘new normal’, but the legal profession must evolve and lead. There needs to be a development of models that balance their clients’ needs with their own need to make a fair profit. This requires a fundamental shift in how law firms think of themselves: from simply subject matter experts who must do everything possible to address the legal issue presented, to trusted, competitive and innovative professional legal service providers who are strategically positioned to provide leadership and give their clients what they actually want.[141] For law firms providing legal services to corporate clients, this must include cross-disciplinary approaches.
Private practice lawyers need to be more aligned across the whole firm and better at building relationships both internally and externally with their clients. Leadership skills are now an essential part of their role and will be a substantial part of their legal training in the future.
– Catherine Berney, The Leadership role: how to lead creatively in a changing business context[142]
The way forward for the legal profession lies in leadership, and providing competitive and cost effective legal services through the investment in, and utilization of, innovative technology (i.e. AI, ‘big data’), processes, and knowledge management. In Canada and the U.S., this must include alternate service-delivery models that permit non-lawyer investment and ownership of law firms, and multi-disciplinary legal practices. In the UK, the Legal Services Act of 2007 permitted inter-disciplinary practice; allowed non-lawyer (“outside”) investment in law firms; sanctioned non-lawyer management and equity ownership of law firms; and established a process by which firms could become ‘alternative business structures’. As a result:[143]
“[T]he UK has become the epicenter of legal innovation as well as base camp for global expansion. What is also clear is that the profession has been jump-started, not hijacked, by the UK’s regulatory change. Retail clients are benefitting from the market competition being driven by new entrants as well as reconfigured incumbents (the UK has its own access to justice crisis) and corporate clients, likewise, have more value driven options.”
The evolution of the legal industry provides opportunities for law firms to chart innovative and newfound paths with their clients, but in Canada and the U.S. they must modernize in respect to their traditional and regulated business model. For lawyers, this is a time to rethink how the business of law can work and how the solutions to their clients’ legal problems can be shared with their clients in the most efficient and cost-effective way, while still providing for reasonable income for lawyers’ expertise and efforts. In fact, those lawyers who recognize the pending changes as an opportunity will likely do very well in this new environment.
Traditional lawyers and BigLaw can tap the alternative legal demand. But will they in any numbers, and if they do not have strong firm leadership? Tapping that demand means moving away from the traditions of billable hours and partners and associates.[144] Firms can – and some indeed do – hire lawyers not on the partnership track. These lawyers, often called staff or project attorneys, bill at rates sometimes significantly lower than associates. Growing the ranks of such lawyers – and then managing them effectively – can help firms compete with lower-cost providers.[145] In the U.S. and Canada, some law firms are now tapping the alternative legal market with technology, but many Law firms appear resistant to replace processes or practices outside of the very basic e-discovery and practice management systems.[146] What do the innovative firms have in common? Strong leadership, smart strategy and a willingness to embrace change. The “Great Shake-out” began about eight years ago and will continue well into the next decade. Perhaps the story of BigLaw’s ultimate winners and losers is only half-written, but for some firms, the ending may already be inevitable.[147] A future article will profile those firms embracing and tapping the alternative legal demand.
Technology is affecting the way a number of sectors operate, having significant influence primarily on cost and time efficiency, but the legal sector is still reluctant to change. Although firms have started to invest in technological advancement, it has mainly been to help them maintain their profit margins. Firms have not truly attempted to understand what clients want to achieve through the use of technology, nor have they made much of an effort to pass on the savings to their clients. There is no doubt that a smattering of law firms and alternative legal services providers are genuinely making an attempt to push the boundaries, but the legal sector’s paradigm shift is still a long way off.
– David Burgess [148]
Technology – if appropriately and strategically adopted and utilized – offers traditional legal firms a step up in addressing their predicament. By leveraging the power of algorithm-driven automation and data analytics to “productize” aspects of their legal work, a number of innovative law firms are finding that, like Google and Adobe, they can increase margins as they grow, while giving clients better service at prices that competitors can’t match.[149] For example, AI is poised to revolutionize compliance. Faced with a proliferation of regulations since the financial crisis, banks have added tens of thousands of compliance officers but are now turning to artificial intelligence technology to stay on top of the ever-changing regulatory landscape.[150] Analytics can guide compliance departments[151] , and there in-house and external lawyers, providing a more automated approach to risk and regulatory compliance review”.[152]
More than 20,000 new regulatory requirements were created last year alone, and the complete catalog of regulations is projected to exceed 300 million pages by 2020, rapidly outstripping the capacity of humans to keep up. Today, the cost of managing the regulatory environment represents more than 10% of all operational spending of major banks, for a total of $270 billion per year.
– Artificial Lawyer: AI and Legal Automation News
What makes artificial intelligence stand out is the potential – with appropriate leadership – for a paradigm shift in how legal work is done. Productivity rises, efficiencies increase, and nonlinear scale becomes feasible as productized services take over high-volume tasks and aid judgment-driven processes.[153] From a corporate client perspective, if law firms use technology appropriately, it will improve efficiency and value, making better use of time and financial resources.[154]
For the disruptors and innovative law firms, a strong theme to emerge from the research is the importance of leadership and collaboration — and not just with colleagues and clients, but also project managers, data and tech experts, pricing professionals, knowledge managers, legal process outsourcing providers, technology-enabled legal services, contract or project lawyers, accountants, in-house counsel, and others who can work at the intersection of law practice, business and technology. Legal professionals cannot work in a vacuum or in silos. Even small law firms must rely on support staff and team up with co-counsel, experts, and vendors to deliver effective and cost effective legal services. The needs of a client, in particular sophisticated corporate clients, may transcend the skills of a lawyer, practice group, or law firm such that teamwork is essential for the success of the law firm and the client.[155]
Thinking innovatively, some of the most fruitful joint efforts can be with rivals or other professionals who have different ways of working. Microsoft’s outsourcing of its non-routine procurement contracts work to UK law firm Addleshaw Goddard involved the firm working closely with a Seattle-based law firm, Davis Wright Tremaine. Both firms worked for a fixed fee, submitted one bill and provided business analytics alongside legal advice. The firms collaborated appropriately to smooth out the cultural differences between UK and US law firms.[156]
To be successful going forward, whatever the business model lawyers develop, it is clear that experts in other fields need to be included. There is too much information out there to think that superior legal analyses and/or rainmaking abilities – that may have qualified a partner of yesteryear to sit at the apex of a law firm – qualifies that partner to maintain that position today.[157] A major required change for law firms is to the ‘caste system’, the artificial divide between lawyers, and other professionals and staff, as lawyers alone cannot deliver the required value clients demand.[158]
What is clear is that both lawyers and clients are increasingly turning to traditional business methods such as unbundling, outsourcing, process management and partnering to reduce the cost of legal services and to increase return that these services deliver to the bottom line – whether of the client or of the entity delivering the legal service. In such a world, the Big 4’s [accounting firms] legal networks are likely to be important players, since they have been engaged in these practices far longer, and far more extensively, than any traditional law firm. Lawyers seeking to understand the dynamics of the legal services market in the coming decades therefore ignore the Big 4’s re-emergence in this arena at their peril.
– Maria Jose Esteban, affiliated researcher at Harvard Law School Center on the Legal Profession, partner Spanish law firm Bufete Escura[159]
Despite its often traditional image, there has been and will continue to be innovation in processes and technology and business models. For some, like Richard Suskind, the pace is too slow (though the end game is inevitable); to others, like some provincial law societies and state bar associations, the pace is too fast, or could become that way. Such contradictory views are not surprising, depending upon the point of view, where one is on the continuum of self-preservation, and if one is old enough that they “can try to ride out the end of the buggy whip era until retirement, hoping there will be enough horse drawn carriages around to keep them in business until their careers are over”.
The Big Four are “the biggest underestimated threat to the legal profession today”.
– Michael Roch[160]
https://foster2forever.com/2024/08/f28dzxn8x.html How To Buy Alprazolam Online Conclusion
Innovative law firms, in-house counsel, and third-party partners (including alternative legal services providers) are working together to disrupt the traditional law firm model. General Counsel aren’t looking to do away with their law firms – they need them, but on their terms. That frees up well-paid lawyers to focus on legal matters that require more sophistication—and generate greater value.[161] Today, there is more regulation and more risk and corporate clients still need the know-how of these lawyers to overcome those challenges.[162] Is this the much-publicized death of traditional law firms or Big Law? No, not just yet. Where a corporation’s General Counsel or Chief Legal Officer is ‘ineffective’, or when it comes to high-stakes, bet-the-company deals and litigation, major companies will still typically seek out – with exceptions[163] – the most prestigious and powerful representation they can afford. Nevertheless, this will continue to change as General Counsel and Chief Legal Officers become stronger across the board (from small to large corporations), and as law firms’ competitive positions become more difficult to defend and continue to erode. For example, we are even now seeing innovative companies beginning to utilize in-house counsel to handle complex corporate commercial and legal advisory matters, and even conducting their own trials and appeals.[164]
Traditional law firms are ripe for disruption. Will the legal profession accept the challenge, or become increasingly irrelevant as governments, corporations, and ordinary individuals side-step or otherwise avoid or strictly limit the utilization of traditional legal firms and lawyers going forward?[165]
Entirely new ways of delivering legal services will emerge, new providers will enter the market, and the workings of our courts will be transformed. Unless they adapt, many traditional legal businesses will fail. One the other hand, a whole set of fresh opportunities will present themselves to entrepreneurial and creative young lawyers.
– Richard Susskind, stated in context of changes to the legal profession in the UK[166]
To respond, law firms will have to go beyond simply cutting costs through processes and technology, while continuing to preserve the general way they win work, produce work, charge for work, and govern themselves. Short term this may work, long term law firms need to adopt multidisciplinary business models that allow investment by non-lawyers and are better adapted to serve their clients not just today, but well into the future. To succeed under the changed circumstances, law firms need to remake their business models in accord with the needs of their clients.[167]
The world of legal professional services stands ready to be transformed by analytics and automation. Adopting appropriate technology will allow law firms to meet customer’s demand, reduce legal fees for clients but also if done right increase overall firm profitability, and gain an advantage over their competitors.[168] However, are law firms doing enough to broadly adopt technology across the board in Canada:[169]
“Law firms don’t actually want to invest in tech, so the accounting firms are doing it. That’s the issue. Either the law firms decide they want to become the law tech providers, or we’re going to be eaten for lunch by everybody”.
We will address strategies for law firms to consider in order to be better prepared for the future in a forthcoming article. The good news for lawyers is that according to the Georgetown 2016 Report on the State of the Legal Market, law firms that have responded proactively to changing client expectations by making strategic changes to their lawyer staffing, service delivery, use of technology, and pricing models are outperforming their peers in terms of financial results.[170]
[L]awyers can play through the end of the game. They can change what they do and how they do it and find new ways to remain relevant to their clients. They can pivot the profession to provide the type of resource society will need to help with governance now and in the future.
– Kenneth Grady, SeytLines (changing the practice of law)[171]
https://oevenezolano.org/2024/08/uq3qjhkfva Eric Sigurdson
https://www.psicologialaboral.net/2024/08/07/qw23j46 Xanax Order Uk Endnotes https://inteligencialimite.org/2024/08/07/qee1ip2v5 :
[1] Sandee Magliozzi, How Moving from ‘Best’ to ‘Next’ Practices Can Fuel Innovation, Santa Clara Law Faculty Publications, November 2015.
[2] Mitchell Kowalski, Avoiding Extinction: Reimagining Legal Services for the 21st Century, 2012.
[3] Bank of Nova Scotia v. Diemer, 2014 ONCA 851 (CanLII).
[4] CBA Legal Futures Initiative, Futures: Transforming the Delivery of Legal Services in Canada, Canadian Bar Association, 2014, page 6.
[5] Kenneth Grady (Seyfarth Shaw LLP), Lean is the Path to the Perfect Legal Practice, Legal Business World, October 30, 2016; Bev Cline, Design Thinking: Try, Try Again, Lexpert, October 16, 2016; Alex Tran, Ben Krowitz and Laura Sacks, Why Future Leaders Need to Become Designers, Deloitte.com, October 10, 2016.
[6] Sally Kane, 10 Trends Reshaping the Legal Industry, The Balance, September 16, 2016; Also see, Debra Cassens Weiss, Think higher billing rates are the key to higher law firm revenue? Think again, report says, ABA Journal, October 20, 2016 – “Law firms that raised billing rates at a slower pace in recent years tended to have higher demand from clients and higher revenue growth, according to a new study. … Growth in billing rates for the nation’s top 100 law firms fluctuated … When rate growth slowed, demand rates increased. When rate growth rebounded, demand slumped. For decades, many firms used rate increases to grow revenue. It could be time to re-examine that strategy, the report said, though it cautions against a one-size-fits-all strategy for law firms.”; Peer Monitor Report: Firms with Slower Rate Growth May be Seeing Higher Demand, Thomson Reuters, October 17, 2016 [http://legalexecutiveinstitute.com/peer-monitor-rate-growth/]
[7] Marilyn Odendahl, Trend of in-house counsel doing more internally likely to continue, Indiana Lawyer, October 19, 2016; Kristen Rasmussen, Can In-House Counsel Be Trusted with High-Stakes Litigation? Macy’s Thinks So, Corporate Counsel, November 8, 2016.
[8] Maria Jose Esteban and Professor David Wilkins, The re-emergence of the Big 4 in law, Thomson Reuters, April 27, 2016; Thomas Connelly, Big Four accountancy giants are expanding their legal services arms globally – and solicitors are getting worried, Legal Cheek, January 28, 2016; Michael McKiernan, Accounting firm enters business law market, Law Times, March 14, 2016; Caleb Newquist, It’s Only a Matter of Time before Big 4 Firms Offer Legal Services in the US, Going Concern, May 9, 2016; Ellie Clayton, The Big Four threat to legal services, January 28, 2016; Heather Suttie, Adding More Legal Might to Canada’s Big Four, HeatherSuttie.ca, March 20, 2016; Mitch Kowalski, Deloitte’s deal with Conduit Law continues its march into legal services, National Post, March 22, 2016; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Peta Tomlinson, Accountancy Firms Make the Move into Legal Services, ACCA, October 1, 2015; Attack of the Bean Counters – Lawyers Beware: the accountants are coming after your business, The Economist, March 19, 2015; Mitch Kowalski, Deloitte’s deal with Conduit Law continues its march into legal services, National Post, March 22, 2016.
[9] Clayton Christensen, Disruptive Innovation, ClaytonChristensen.com, October 19, 2015; Clayton M. Christensen, Michael E. Raynor, Rory McDonald, What is Disruptive Innovation?, Harvard Business Review, December 2015; Richard Susskind, Tomorrow’s Lawyers: An Introduction to Your Future, 2013; Ray Worthy Campbell, ‘Rethinking Regulation and Innovation in the U.S. Legal Services Market’ (2012), 9 (1) NYU J L & Bus 1, 11; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014; Law Society of England and Wales, The Future of Legal Services, January 2016; ABA Commission on the Future of Legal Services, Report on the Future of Legal Services in the United States, August 2016.
[10] Jane Croft, Artificial intelligence disrupting the business of law: firms are recognising that failure to invest in technology will hinder ability in today’s legal market, Financial Times, October 5, 2016.
[11] International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Beverley McLachlin, Legal Profession in the 21st Century: Remarks of the Right Honourable Beverley McLachlin, P.C. Chief Justice of Canada (2015 Canadian Bar Association Plenary), Supreme Court of Canada, August 14, 2015; George Beaton and Imme Kaschner, Remaking Law Firms: Why and How, June 7, 2016; Richard Susskind, Tomorrow’s Lawyers: An Introduction to Your Future, 2013; Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014; Law Society of England and Wales, The Future of Legal Services, January 2016; ABA Commission on the Future of Legal Services, Report on the Future of Legal Services in the United States, August 2016.
[12] John Kelly, Partnership Impediment to Innovation in Law “The PIIL Factor” A Future Law Perspective, Linkedin.com May 19, 2015
[13] International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014; ABA Commission on the Future of Legal Services, Report on the Future of Legal Services in the United States, August 2016; Law Society of England and Wales, The Future of Legal Services, January 2016; Beverley McLachlin, Legal Profession in the 21st Century: Remarks of the Right Honourable Beverley McLachlin, P.C. Chief Justice of Canada (2015 Canadian Bar Association Plenary), Supreme Court of Canada, August 14, 2015; George Beaton and Imme Kaschner, Remaking Law Firms: Why and How, June 7, 2016; Richard Susskind, Tomorrow’s Lawyers: An Introduction to Your Future, 2013; Deloitte, Future Trends for Legal Services: Global Research Study, June 2016.
[14] Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014.
[15] Benjamin L. Barton, Glass Half Full: The Decline and Rebirth of the Legal Profession, 2015.
[16] International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014.
[17] George Beaton and Imme Kaschner, Remaking Law Firms: Why and How, June 7, 2016.
[18] Jason Moyse and Aron Solomon, Remaking the law firm ecosystem, Canadian Lawyer, July 4, 2016.
[19] Ed Sohn, Alt.legal: If We Build It, Will They Come? The Problem of Legal Tech Adoption, Above the Law, September 14, 2016.
[20] Felicity Nelson, Uberfication Hits Law Firms, Lawyers Weekly (Australia), October 9, 2015; Danny Ertel and Mark Gordon, Points of Law: Unbundling Corporate Legal Services to Unlock Value, Harvard Business Review, July-August 2012; Joanne Goodman, How to: Outsource Legal Work, Law Society Gazette (UK), August 12, 2013; Peter Archer, Outsourcing the law gets new look, Raconteur, April 24, 2014; Scott Forman, Perspective: How Law Firms Can Embrace Unbundling, Bloomberg Law (bol.bna.com), May 4, 2016; Milton Regan and Palmer Heenan, Supply Chains and Porous Boundaries: The Disaggregation of Legal Services, 78 Fordham Law Review, 2010 — “The economic downturn could mark a moment of transition for law firms less because of its immediate financial impact and more because it has highlighted and accelerated the trend toward the disaggregation of legal services that had begun before it. This trend reflects the maturation of legal services sector into a highly competitive industry driven more forcefully than ever by pressures for efficiency. How law firms, clients, and organizations connected with this industry respond could shape not only the future of law firms, but of the legal profession itself.” ; Public Policy, Legal Strategy 101: It’s Time for Law Firms to Re-think Their Business Model, Wharton.upenn.edu, April 29, 2009.
[21] Neil Rickman and James Anderson, Innovations in the Provision of Legal Services in the United States: An Overview for Policymakers, Kauffman-Rand Institute for Entrepreneurship Public Policy, 2011.
[22] Maria Jose Esteban and Professor David Wilkins, The re-emergence of the Big 4 in law, Thomson Reuters, April 27, 2016; Attack of the Bean Counters – Lawyers Beware: the accountants are coming after your business, The Economist, March 19, 2015; Peta Tomlinson, Accountancy Firms Make the Move into Legal Services, ACCA, October 1, 2015.
[23] Anthony Hilton, Why their profession’s failures mean lawyers don’t win top city jobs, Evening Standard, UK, September 22, 2016; Maria Jose Esteban and Professor David Wilkins, The re-emergence of the Big 4 in law, Thomson Reuters, April 27, 2016.
[24] Deloitte makes its case, CBA National Magazine, June 22, 2016 [http://www.nationalmagazine.ca/Blog/June-2016/Deloitte-makes-its-case.aspx]; Deloitte, Future Trends for Legal Services: Global Research Study, June 2016 – “independent research study commissioned by Deloitte Legal. Findings are based on 243 quantitative survey responses, and 30 qualitative, in-depth interviews with in-house legal services purchasers, mainly occupying positions of CEOs, CFOs or General/Legal Counsel.” [www2.deloitte.com/global/en/pages/legal/articles/deloitte-future-trends-for-legal-services.html].
[25] William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012.
[26] Sandra Rubin, Funding Legal Innovation in Canada, Lexpert.ca, June 27, 2016.
[27] Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014.
[28] Law Society of Upper Canada Alternative Business Structures Working Group, Alternative Business Structures and the Legal Profession in Ontario: A Discussion Paper, 2014 – An alternative business structure, or ABS, is a broad term that includes any form of traditional law firm business structure as well as alternative means of delivering legal services. These may include, for example: (a) non-lawyer or non-paralegal investment or ownership of law firms, including equity financing; (b) firms offering legal services together with other professionals offering other types of services (often referred to as MDP); and (c) firms offering an expanded range of products and services, such as do-it yourself automated legal forms, as well as more advanced applications of technology and business processes.
[29] UK: ABSs, which include non-lawyer ownership, were first adopted in New South Wales, Australia, in 2001, and were subsequently adopted in England and Wales in 2007 [Canada: Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014].
[30] Australia: ABSs, which include non-lawyer ownership, were first adopted in New South Wales, Australia, in 2001, and were subsequently adopted in England and Wales in 2007 [Canada: Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014].
[31] John Kelly, Partnership Impediment to Innovation in Law “The PIIL Factor” A Future Law Perspective, Linkedin.com May 19, 2015; Jordan Furlong, The lawyer vs. the law firm, CBA National Magazine, Fall 2016; Andrew Strickler, BigLaw’s New Bosses Will have Skills to Pay the Bills, Law360, February 19, 2013; David Perla, Democracy and Law Firm Leadership, Above the Law, July 26, 2016; Buy Pfizer Xanax 2Mg Jeffrey Lowe, BigLaw 2016: A Look Ahead, Law360, January 12, 2016; John O. Cunningham, Law Firm Leadership in the 21st Century: Say Hello to the Law Firm CEO, Legal Marketing Reader, February 2012.
[32] Clayton M. Christensen, The Clayton M. Christensen Reader: selected articles from the world’s foremost authority on disruptive innovation, Harvard Business Review, February 9, 2016; George Beaton and Imme Kaschner, Remaking Law Firms: Why and How, June 7, 2016; George Beaton, Remaking Law Firms: A perfect primer, RemakingLawFirms.com; Jeff Bennon, Why Isn’t Legal Technology Revolutionary?, Above the Law, November 1, 2016.
[33] Jeff Bennon, Why Isn’t Legal Technology Revolutionary?, Above the Law, November 1, 2016 (“I read about legal technology says that it is ‘dynamic’ or ‘revolutionary’. Most of the time it’s not. … that’s because legal tech is supposed to help you be revolutionary…. More than anything, legal tech is a set of tools that helps us work more efficiently so that we can focus on the things the practice management software cannot – be great lawyers. When I was working in a small law firm with eight attorneys, we would still get outmanned by smaller firms that simply were able to operate more efficiently, which meant their two people could do the work of three or four.”).
[34] International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Shannon L Spangler, ‘Disruptive Innovation in the Legal Services Market: Is Real Change Coming to the Business of Law, or Will the Status Quo Reign?’, American Bar Association Annual Meeting, Boston, August 7–11, 2014.
[35] Huron Legal, What General Counsel Want (and Need) from their Law Firms and Other Legal Service Providers, 2013.
[36] Maria Jose Esteban and Professor David Wilkins, The re-emergence of the Big 4 in law, Thomson Reuters, April 27, 2016; Attack of the Bean Counters – Lawyers Beware: the accountants are coming after your business, The Economist, March 19, 2015; Peta Tomlinson, Accountancy Firms Make the Move into Legal Services, ACCA, October 1, 2015.
[37] Anthony Hilton, Why their profession’s failures mean lawyers don’t win top city jobs, Evening Standard, UK, September 22, 2016.
[38] Anthony Hilton, Why their profession’s failures mean lawyers don’t win top city jobs, Evening Standard, UK, September 22, 2016.
[39] Anthony Hilton, Why their profession’s failures mean lawyers don’t win top city jobs, Evening Standard, UK, September 22, 2016.
[40] Anthony Hilton, Why their profession’s failures mean lawyers don’t win top city jobs, Evening Standard, UK, September 22, 2016.
[41] Law Society of England and Wales, Key facts – Regulatory Regime in England and Wales, Lawsociety.org.uk [www.lawsociety.org.uk/support-services/risk-compliance/regulation/key-facts-regulatory-regime-england-wales/]; Public Policy, Legal Strategy 101: It’s Time for Law Firms to Re-think Their Business Model, Wharton.upenn.edu, April 29, 2009 (“law firms in Europe and the United Kingdom are now undergoing a period of rapid deregulation … which allows for alternative business structures and non-lawyer ownership of firms”); Mark Cohen, The Pond Seems Wider: The Regulator Gap Between UK and U.S. Legal Practice, Legal Mosaic, May 4, 2015.
[42] Australian Law Reform Commission, Australian Government, Ensuring Professional Integrity: Ethical Obligations and Discovery, Alrc.gov.au; Steve Mark, The Regulatory Framework in Australia, ABA 40th Conference on Professional Responsibility: Regulatory Innovation in England and Wales and Australia – What’s in it for Us, May 29, 2014; Mark Cohen, The Pond Seems Wider: The Regulator Gap Between UK and U.S. Legal Practice, Legal Mosaic, May 4, 2015.
[43] Neil Rickman and James Anderson, Innovations in the Provision of Legal Services in the United States: An Overview for Policymakers, Kauffman-Rand Institute for Entrepreneurship Public Policy, 2011; Laurel Terry, The European Commission Project Regarding Competition in Professional Services, 29 Northwestern Journal of International Law & Business 1, 2009; Mark Cohen, The Pond Seems Wider: The Regulator Gap Between UK and U.S. Legal Practice, Legal Mosaic, May 4, 2015.
[44] Mark Cohen, The Pond Seems Wider: The Regulator Gap Between UK and U.S. Legal Practice, Legal Mosaic, May 4, 2015.
[45] Canada: Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014; Law Society of Upper Canada Alternative Business Structures Working Group, Report of the Alternative Business Structures Working Group, Law Society Upper Canada, February 2014 [http://www.lsuc.on.ca/uploadedFiles/For_the_ Public/About_the_Law_Society/Convocation_ Decisions/2014/convfeb2014_PRC(1).pdf]; Noel Semple, Access to Justice: Is Legal Services Regulation Blocking the Path?, 2013, University of Toronto Working Paper [http://papers.ssrn.com/sol3/papers.cfm?abstract_ id=2303987]; Beverley McLachlin, Legal Profession in the 21st Century: Remarks of the Right Honourable Beverley McLachlin, P.C. Chief Justice of Canada (2015 Canadian Bar Association Plenary), Supreme Court of Canada, August 14, 2015; LSUC Professional Regulation Committee, Alternative Business Structures Working Group Report Tab 2.5, September 24, 2015; Law Society of Upper Canada, Alternative Business Structures, lsuc.on.ca:
“The Law Society’s ABS Working Group delivered an interim report to September 2015 Convocation outlining its initial assessment and the directions it will consider further. The Working Group has decided not to continue to consider structures involving majority ownership, or control, of traditional law firms by non-licensees. Through its research and consultations, the Working Group considers that the experience to date in other jurisdictions does not show that the benefits of majority non-licensee ownership, or control, outweigh regulatory concerns.
The Working Group plans to focus its study on change with the potential to foster innovation or enhance access to justice. This includes minority ownership by non-licensees, franchise arrangements, ownership by civil society organizations such as charities and new forms of legal service delivery in areas not currently well served by traditional practices.”
Gail Cohen, Don’t be afraid of change, Legal Feeds (Blog of Canadian Lawyer & Law Times), April 27, 2016; Sandra Rubin, Funding Legal Innovation in Canada, Lexpert.ca, June 27, 2016:
“Canadian law societies are big flirts, at least when it comes to alternative business structures (ABS) and allowing non-lawyers to own stakes in legal-services delivery companies. But what they’re flirting with is irrelevancy.
Last year, the Law Society of Upper Canada dropped the idea of allowing non-lawyers to hold majority ownership of law firms, as in England and Australia where firms can list shares on an exchange or raise capital from private-equity funds instead of relying solely on funds raised through debt.
But the working group has continued to examine the possibility of allowing non-lawyers to hold a minority stake in areas of legal services not well served by traditional practices in the name of fostering innovation.”
[46] U.S.: ABA Commission on the Future of Legal Services, Report on the Future of Legal Services in the United States, August 2016; Malcolm Mercer, Unmet Legal Needs – the Challenge to Legal Practice and to Self-Regulation, Slaw.ca, July 13, 2016 – “One conclusion that might be drawn is that non-lawyer investment in law firms is a dead letter in the U.S. because the lawyers in the House of Delegates will never allow it. But I think the better conclusion is that the ABA has ceased to be the practical decision-maker because of its conflicted and ineffective governance in this context”
[47] Malcolm Mercer, Unmet Legal Needs – the Challenge to Legal Practice and to Self-Regulation, Slaw.ca, July 13, 2016 – “This is mostly but not completely true. In some states, the state legislature has jurisdiction. As well, other authorities before which lawyers practice assume regulatory authority over those lawyers. The SEC is an example. This may be seen as analogous to the courts regulating rights of audience.”
[48] Sandra Rubin, Funding Legal Innovation in Canada, Lexpert.ca, June 27, 2016.
[49] Sandra Rubin, Funding Legal Innovation in Canada, Lexpert.ca, June 27, 2016.
[50] Gail Cohen, Don’t be afraid of change, Legal Feeds (Blog of Canadian Lawyer & Law Times), April 27, 2016.
[51] Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014; Law Society of Upper Canada Alternative Business Structures Working Group, Alternative Business Structures and the Legal Profession in Ontario: A Discussion Paper, 2014 – In Ontario, Canada, “MDPs must be effectively controlled by licensed legal professionals and may only provide additional services that support or supplement the licensed activity. Fees may only be shared within an MDP with MDP partners who provide client services.”
[52] Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Law Society of England and Wales, The Future of Legal Services, January 2016; ABA Commission on the Future of Legal Services, Report on the Future of Legal Services in the United States, August 2016; Judith McMorrow, UK Alternative Business Structures for Legal Practice: Emerging Models and Lessons for the US, 47 Georgetown Journal of International Law 665, 2016; John Dzienkowski, The Future of Big Law: Alternative Legal Service Providers to Corporate Clients, 82 Fordham Law Review, 2996, 2014; Laura Snyder, Does the UK know something we don’t about alternative business structures?, ABA Journal, January 1, 2015.
[53] Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014.
[54] Neil Rickman and James Anderson, Innovations in the Provision of Legal Services in the United States: An Overview for Policymakers, Kauffman-Rand Institute for Entrepreneurship Public Policy, 2011.
[55] Anthony Hilton, Why their profession’s failures mean lawyers don’t win top city jobs, Evening Standard, UK, September 22, 2016; Maria Jose Esteban and Professor David Wilkins, The re-emergence of the Big 4 in law, Thomson Reuters, April 27, 2016.
[56] In re Op. No. 26 of the Comm. on the Unauthorized Practice of Law, 654 A.2d 1344, 1360–61 (N.J. 1995); Laurel A. Rigertas, The Legal Profession’s Monopoly: Failing to Protect Consumers, 82 Fordham Law Review 2683, 2014.
[57] Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014.
[58] William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012; Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Law Society of England and Wales, The Future of Legal Services, January 2016; ABA Commission on the Future of Legal Services, Report on the Future of Legal Services in the United States, August 2016.
[59] Bob Goodman and Josh Harder, Four Areas of Legal Ripe for disruption by Smart Startups, Law Technology Today, December 16, 2014.
[60] Beverley McLachlin, Legal Profession in the 21st Century: Remarks of the Right Honourable Beverley McLachlin, P.C. Chief Justice of Canada (2015 Canadian Bar Association Plenary), Supreme Court of Canada, August 14, 2015. [http://www.scc-csc.ca/court-cour/judges-juges/spe-dis/bm-2015-08-14-eng.aspx#fnb25]; Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Law Society of England and Wales, The Future of Legal Services, January 2016; ABA Commission on the Future of Legal Services, Report on the Future of Legal Services in the United States, August 2016; Russell Engler, Connecting Self-Representation to Civil Gideon: What Existing Data Reveal about when Counsel is Most Needed, 2010, 37 Fordham Urban L.J. 37 (citing Legal Services Corporation, Documenting the Justice Gap in America: The Current Unmet Civil Legal Needs of Low Income Americans, updated report (Washington, D.C.: Legal Services Corporation, September 2009); Action Committee on Access to Justice in Civil and Family Matters, Access to Civil and Family Justice: A Roadmap for Change, 2013; Dr. George Beaton, 10 reasons BigLaw managing partners are not sleeping very well, Beaton Capital, August 15, 2015. [Lawyers are increasingly unaffordable to most individuals: Statistics support the view that accessing the justice system with the help of a legal professional is increasingly unaffordable to most people. According to an American study from a few years ago, as much as 70%-90% of legal needs in society go unmet. Among the hardest hit are the middle class – who earn too much to qualify for legal aid, but frequently not enough to retain a lawyer for a matter of any complexity or length. Additionally, members of poor and vulnerable groups are particularly prone to legal problems. Increasingly, these needs are being addressed by providers outside the legal profession, including those within the early resolution services sector. Sophisticated corporate clients are demanding delivery of quality legal services more efficiently and at less cost. The power balance between lawyers and their corporate clients has shifted, intensifying price-down pressure on law firms, in particular BigLaw.]
[61] Beverley McLachlin, Legal Profession in the 21st Century: Remarks of the Right Honourable Beverley McLachlin, P.C. Chief Justice of Canada (2015 Canadian Bar Association Plenary), Supreme Court of Canada, August 14, 2015. [http://www.scc-csc.ca/court-cour/judges-juges/spe-dis/bm-2015-08-14-eng.aspx#fnb25]
[62] Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014.
[63] Ralph Baxter, Looking at the Law Firm Partnership Model and How to Fix it, Thomson Reuters, February 25, 2015 [http://legalexecutiveinstitute.com/looking-at-the-law-firm-partnership-model-how-to-fix-it-by-ralph-baxter/]; Professor Johnathan T. Molot, What’s Wrong with Law Firms? A Corporate Finance Solution to Law Firm Short-Termism, Southern California Law Review 2015.
[64] William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012.
[65] John Kelly, Partnership Impediment to Innovation in Law “The PIIL Factor” A Future Law Perspective, Linkedin.com May 19, 2015; Jordan Furlong, The lawyer vs. the law firm, CBA National Magazine, Fall 2016; Fernando Garcia, Adopting data analytics a critical part of success, Canadian Lawyer, October 17, 2016; Joe Borstein, Alt.Legal: The Biglaw ‘Caste System’ – An Impediment to Innovation?, Above the Law, March 9, 2016.
[66] Altman Weil, 2016 Chief Legal Officer Survey [http://www.altmanweil.com/dir_docs/resource/e32f33b3-eeb3-4af6-82c8-4f6f7d9824f6_document.pdf] –
[67] Daniel Katz, Law + Tech + Design + Delivery: Observations Regarding Innovation in the Legal Industry, 2016, 366 slide presentation
[68] William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012.
[69] International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014.
[70] For example: until recently, the majority of corporate clients who managed lawyer performance, did so based solely on legal fees. Sophisticated clients are now using “big data” to track and compare law firms and lawyers on important law firm / lawyer efficiency metrics such as: lawyer performance by jurisdiction and case type, cost per closed case, cost per phase of legal matter, cycle time, win/loss rates (for litigation), etc.
[71] Joe Borstein, Alt.Legal: The Biglaw ‘Caste System’ – An Impediment to Innovation?, Above the Law, March 9, 2016; Altman Weil, 2016 Chief Legal Officer Survey [http://www.altmanweil.com/dir_docs/resource/e32f33b3-eeb3-4af6-82c8-4f6f7d9824f6_document.pdf]; The Larger the law department, the more likely it undertakes data analysis, JurisDatoris, November 13, 2016; Daniel Katz, Law + Tech + Design + Delivery: Observations Regarding Innovation in the Legal Industry, 2016, 366 slide presentation; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Dr. George Beaton, 10 reasons BigLaw managing partners are not sleeping very well, Beaton Capital, August 15, 2015; Danny Ertel and Mark Gordon, Points of Law: Unbundling Corporate Legal Services to Unlock Value, Harvard Business Review, July-August 2012; Joanne Goodman, How to: Outsource Legal Work, Law Society Gazette (UK), August 12, 2013; Peter Archer, Outsourcing the law gets new look, Raconteur, April 24, 2014; Scott Forman, Perspective: How Law Firms Can Embrace Unbundling, Bloomberg Law (bol.bna.com), May 4, 2016:
“But the environment has changed drastically since the Great Recession, and clients now view the scope of legal services as a pyramid. They are still willing to work with traditional lawyers for matters that fall in the middle to the top of the pyramid – matters that require varying levels of specialized knowledge. However, they are demanding more cost-effective solutions for commoditized tasks. For example, some larger companies are starting to require more routinized work such as document review to be handled by contract attorneys.
Successfully integrating an unbundled service approach involves looking at each aspect of a legal matter and determining the most efficient and effective method to address each task, whether it be alternative staffing, technology solutions or a traditional partner/associate team. For instance, in a typical employment litigation matter handled through our Littler CaseSmart platform, we bring in FlexTime Attorneys who focus on specific aspects of the litigation process (i.e., fact investigation, research, discovery and brief writing), data analysts to scrub data and work on damage modeling, e-discovery attorneys, and project managers. FlexTime Attorneys and other legal professionals work side-by-side with associates and shareholders, with each attorney handling a discrete task as part of a larger team. The staffing model is designed to match the right person to the right task, while technology is also applied to streamline the process. The result is the cost savings increasingly demanded by companies, while the law firm continues to deliver high-quality legal work.”
[72] Altman Weil, 2016 Chief Legal Officer Survey [http://www.altmanweil.com/dir_docs/resource/e32f33b3-eeb3-4af6-82c8-4f6f7d9824f6_document.pdf];
[73] Joan Williams, Aaron Platt, Jessica Lee, Disruptive Innovation: New Models of Legal Practice, 2015. [http://worklifelaw.org/wp-content/uploads/2015/09/Disruptive-Innovations-New-Models-of-Legal-Practice-webNEW.pdf]
[74] Richard Susskind, Tomorrow’s Lawyers: An Introduction to Your Future, 2013; Richard Susskind, From Bespoke to Commodity (Legal Technology Journal, 2006), Michael Bleby, New Generation of Law Firms Sparks Life into Legal Service, Financial Review, July 4, 2013; Alexandra Varney, Firmly Outside the Box, Harvard Law Today, November 24, 2014; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Shannon L Spangler, ‘Disruptive Innovation in the Legal Services Market: Is Real Change Coming to the Business of Law, or Will the Status Quo Reign?’, American Bar Association Annual Meeting, Boston, August 7–11, 2014.
[75] Charlotte Rushton, Three ways the legal world is changing, Thomson Reuters, October 28, 2016.
[76] Charlotte Rushton, Three ways the legal world is changing, Thomson Reuters, October 28, 2016.
[77] See: Richard Susskind, A Response to the More For Less Dilemma, The Practice, Harvard Law School, November 2014; Neil Rose, More for Less, Financial Times, October 13, 2013; “More for less”, liberalisation and technology: Susskind lays out vision of the future, Legal Futures, July 2, 2012.
[78] Joe Borstein, Alt.Legal: The Biglaw ‘Caste System’ – An Impediment to Innovation?, Above the Law, March 9, 2016; Daniel Katz, Law + Tech + Design + Delivery: Observations Regarding Innovation in the Legal Industry, September 20, 2015, 366 slide presentation.
[79] William D. Henderson, More Complex than Greed, The American Lawyer (axiomlaw.com), May 29, 2012.
[80] Marilyn Odendahl, Trend of in-house counsel doing more internally likely to continue, Indiana Lawyer, October 19, 2016.
[81] William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012 – for example: Axiom reduces legal fees by innovating ways to deliver more work at fixed and lower costs. Axiom was started by a lawyer and financed by private equity interests on both Sand Hill Road and Wall Street. Axiom provides less-expensive access to talented lawyers, typically alums of the nation’s leading law firms. But Axiom lawyers operate through a leaner structure that emphasizes process innovation, and like other industries, an increased use of tools and technology. Axiom’s model also includes the deployment of seasoned business people—including former partners from places like McKinsey & Co—who help legal departments reengineer how legal services are bought, managed, and delivered. Axiom grew 60 percent in one year and employs over 1,000 lawyers across three continents. Mitch Kowalski, Deloitte’s deal with Conduit Law continues its march into legal services, National Post, March 22, 2016 – in Canada, Axiom Global Inc. purchased Canadian firm Cognition LLP and its outsourced lawyer business to form Axiom Cognition.
[82] Pangea3 is a legal outsourcing services provider with headquarters in New York City , Noida, Bangalore and Mumbai, India. Pangea3 provides legal services and intellectual property services to in-house counsel in U.S., European and Japanese corporations and attorneys in international law firms. grown to 1,000 U.S., U.K. and Indian attorneys, engineers, scientists and professionals providing global legal outsourcing services in seven offices across the United States and India. – Thomson Reuters Acquires Pangea3: Gives Thomson Reuters a leadership position in fast-growing legal process outsourcing market, prenewswire.com, November 18, 2010.
[83] Austin Chambers, Casey Lekahal, Transformative Change: Outsourcing the Practice of Law, Colorado.edu, 2013.
[84] Sally Kane, 10 Trends Reshaping the Legal Industry, The Balance, September 16, 2016 – “Lawyers no longer have a monopoly on the law. The legal marketplace is changing and clients can seek legal assistance from a growing number of non-lawyer professionals including paralegal technicians, legal document preparers, legal self-help sites, virtual assistants and offshore legal vendors. As the cost of legal services continues to rise, new legal delivery models will continue to emerge and gain momentum in the coming years.”
[85] Maria Jose Esteban and Professor David Wilkins, The re-emergence of the Big 4 in law, Thomson Reuters, April 27, 2016; Thomas Connelly, Big Four accountancy giants are expanding their legal services arms globally – and solicitors are getting worried, Legal Cheek, January 28, 2016; Michael McKiernan, Accounting firm enters business law market, Law Times, March 14, 2016; Caleb Newquist, It’s Only a Matter of Time before Big 4 Firms Offer Legal Services in the US, Going Concern, May 9, 2016; Ellie Clayton, The Big Four threat to legal services, January 28, 2016; Heather Suttie, Adding More Legal Might to Canada’s Big Four, HeatherSuttie.ca, March 20, 2016; Mitch Kowalski, Deloitte’s deal with Conduit Law continues its march into legal services, National Post, March 22, 2016; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Peta Tomlinson, Accountancy Firms Make the Move into Legal Services, ACCA, October 1, 2015; Attack of the Bean Counters – Lawyers Beware: the accountants are coming after your business, The Economist, March 19, 2015.
[86] Mitch Kowalski, Deloitte’s deal with Conduit Law continues its march into legal services, National Post, March 22, 2016 – newly formed Deloitte Conduit Law LLP purchased Conduit Law, which made a reputation as a major Canadian legal upstart by providing outsourced lawyers in support of in-house legal teams. In 2014 Deloitte acquired Toronto-based ATD Legal Services Professional Corp, a NewLaw quasi-legal process outsourcer, to enable Deloitte to deliver end-to-end discovery services to companies’ in-house departments and law firms. Also see: Deloitte Conduit Law website at “www.deloitteconduitlaw.ca “.
[87] Jeffrey Lowe, BigLaw 2016: A Look Ahead, Law360, January 13, 2016.
[88] Mitch Kowalski, Deloitte’s deal with Conduit Law continues its march into legal services, National Post, March 22, 2016.
[89] Charlotte Rushton, Three ways the legal world is changing, Thomson Reuters, October 28, 2016.
[90] Frank Strong, Friday Share: The 4 Pillars of Legal Innovation, LexisNexis Business of Law Blog, February 19, 2016; Daniel Katz, Law + Tech + Design + Delivery: Observations Regarding Innovation in the Legal Industry, 2016, 366 slide presentation.
[91] Clayton Christensen, Disruptive Innovation, ClaytonChristensen.com, October 19, 2015; Clayton M. Christensen, Michael E. Raynor, Rory McDonald, What is Disruptive Innovation?, Harvard Business Review, December 2015; Richard Susskind, Tomorrow’s Lawyers: An Introduction to Your Future, 2013; Ray Worthy Campbell, ‘Rethinking Regulation and Innovation in the U.S. Legal Services Market’ (2012), 9 (1) NYU J L & Bus 1, 11; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014; Law Society of England and Wales, The Future of Legal Services, January 2016; ABA Commission on the Future of Legal Services, Report on the Future of Legal Services in the United States, August 2016.
[92] Dr. George Beaton, 10 reasons BigLaw managing partners are not sleeping very well, Beaton Capital, August 15, 2015.
[93] Alternative service providers are referred to as NewLaw. NewLaw was devised as a term in 2013 by consultant Eric Chin. NewLaw has been defined as “any model, process, or tool that represents a significantly different approach to the creation or provision of legal services than what the legal profession traditionally has employed” [Jordan Furlong]. See, Ilina Rejeva, What is NewLaw and How It is Changing the Legal Industry Forever, LegalTrek, April 26, 2016.
[94] Joan Williams, Aaron Platt, Jessica Lee, Disruptive Innovation: New Models of Legal Practice, 2015. [http://worklifelaw.org/wp-content/uploads/2015/09/Disruptive-Innovations-New-Models-of-Legal-Practice-webNEW.pdf]; Ilina Rejeva, What is NewLaw and How It is Changing the Legal Industry Forever, LegalTrek, April 26, 2016; Mitch Kowalski, Deloitte’s deal with Conduit Law continues its march into legal services, National Post, March 22, 2016; Victor Li, Axiom Expands into Canada by acquiring part of Cognition, ABA Journal, January 14, 2016; William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012; Rachel Zahorsky and William Henderson, Who’s Eating law firm’s lunch?, ABA Journal, October 1, 2013; Thomson Reuters Acquires Pangea3: Gives Thomson Reuters a leadership position in fast-growing legal process outsourcing market, prenewswire.com, November 18, 2010; James Mancini, Disruptive innovation in legal services – promising for consumers and challenging for regulators, OECD Insights, June 14, 2016; Debra Bruce, Why You Must Get Up to Speed on Technology, SoloPracticeUniversity.com, October 27, 2016; Charlotte Rushton, Three ways the legal world is changing, Thomson Reuters, October 28, 2016; Kenneth Grady, The Low Cost of Lean, Seytlines.com, June 16, 2016; Kenneth Grady (Seyfarth Shaw LLP), Lean is the Path to the Perfect Legal Practice, Legal Business World, October 30, 2016; Danny Crichton, With Judge Analytics, Ravel Law Starts to Judge the Judges, Tech Crunch, April 16, 2016; Brian Benton, Lex Machina: ‘law machine’ helps lawyers predict case outcomes, Palo Alto Patch, July 30, 2012; Rich Steeves, Lex Machina uses big data, legal analytics tools to help IP attorneys, Inside Counsel, October 29, 2013; Nicole Black, How AI Will Change the Practice of Law, Law Technology Today, November 1, 2016.
[95] Secondment Firms: place lawyers in house, typically to work at a client site either on a temporary basis or part-time (usually a few days a week). Some consist exclusively of senior lawyers who can function either as general counsel or as regional heads of legal departments in very large companies, while others place more junior lawyers to help with overflow work from in-house departments. Examples: (a) Conduit Law – Deloitte Conduit LPP in Canada – outsourcing on demand lawyers in support of in-house legal departments and business needs at law firms, working on site or remotely on projects or special engagements. 90% fees generated under alternative fee arrangements; (b) Pangea3 – Pangea3 is a legal outsourcing services provider with headquarters in New York City , Noida, Bangalore and Mumbai, India. Pangea3 provides legal services and intellectual property services to in-house counsel in U.S., European and Japanese corporations and attorneys in international law firms. grown to 1,000 U.S., U.K. and Indian attorneys, engineers, scientists and professionals providing global legal outsourcing services in seven offices across the United States and India; (c) Axiom Law – Axiom Cognition in Canada – outsourcing on demand lawyers in support of law firms and in-house counsel working remotely , onsite with clients, or at firm offices. Emphasis on leaner structure that emphasizes process innovation, and increased use of online legal services software and technology. Combines two models, the secondment (outsourcing) and law and business (managed service providing law and business advice) models and now has over 1200 professionals worldwide for high-end business of law / complex financial transactions and compliance.
[96] Law and Business Advice Firms: combine legal advice with general business advice of the type traditionally provided by management consulting firms, and/or help clients with investment banking as well as legal needs. Examples: (a) Axiom Law – Axiom Cognition in Canada – outsourcing on demand lawyers in support of law firms and in-house counsel working remotely , onsite with clients, or at firm offices. Emphasis on leaner structure that emphasizes process innovation, and increased use of online legal services software and technology. Combines two models, the secondment (outsourcing) and law and business (managed service providing law and business advice) models and now has over 1200 professionals worldwide for high-end business of law / complex financial transactions and compliance; (b) Exemplar Companies – law firm company with business, tax and accounting, and investment banking services. Headquartered in Boston, with satellites.
[97] Law Firm Accordion Companies: assemble networks of curated lawyers available to enable law firms to accordion up to meet short-term staffing needs. Typically these networks are lawyers who work short part-time hours (10–20 hours a week.) Lawyers are paid only for the hours they work. Accordion companies are not law firms, and are typically solely owned companies, and typically connect lawyers with law firms as opposed to directly with clients (although some work with both law firms and in-house lawyers). Examples: (a) Montage Legal Group – corporate network of freelance lawyers with a U.S. nationwide presence concentrated in California and New York
[98] Virtual Law Firms and Companies: typically drive down overhead by having attorneys work from their own homes—and again dispense with a guaranteed salary, allowing attorneys to work as little or as much as they wish. These organizations vary a lot: some are very similar to traditional law firms, while others are companies in which many of the functions traditionally performed by lawyers, notably rainmaking, are the province of the company owners. Examples: (a) LegalZoom and RocketLawyer and other online innovators use technology to provide low cost legal documents and low cost legal advice from lawyers. Some smaller startups like SimpleCitizen offer online immigration and visa services at fixed fees. Online service delivery is allowing both legal professionals and unlicensed providers to serve clients remotely while taking advantage of the scalability of digital platforms; (b) Cognition – now Axiom Cognition in Canada as U.S. based Axiom acquired Cognition LLP – operates in Canada as Axiom Cognition (serving corporate clients with in-house legal departments) and Caravel Law (law firm serving small to medium sized enterprises without internal legal departments); (c) Counsel on Call – legal services company dealing with document review, eDiscovery, document review and managed services.
[99] Innovative law firms and companies: include the widest variety of different business models. The single most innovative is a company with a new monetization model—providing legal services in return for a monthly subscription fee. Other innovative law firms change key elements of the traditional law firm model in ways that allow for one or more of the following elements: alternative fee arrangements, ‘lean’ innovative processes, technology, team scheduling, collaboration, elimination of the partner/associate distinction and “rainmaking” requirements. Example: (a) Summit Law Group – headquartered in Seattle with satellite offices. Billing arrangements include value based fees and ‘value adjustment line’ encouraging clients to adjust billing based on perception of value received; (b) Novus Law – a legal services firm specializing in electronic discovery, and prices its services exclusively on a fixed fee basis; (c) Seyfarth Shaw’s Seyfarth Lean, a value-driven client service model that improves process with project management and tailored technology solutions, and named one of the best firms for alternative fee arrangements.
[100] Sally Kane, Top Ten Legal Skills – competitive and attractive legal skills for job seekers, The Balance, August 3, 2016.
[101] Altman Weil, 2016 Law Firms in Transition survey.
[102] Eric Sigurdson, Law Practice Management, Technology and Innovation – a practical framework for law firms and legal departments, Sigurdson Post, September 19, 2016.
[103] Dr. George Beaton, 10 reasons BigLaw managing partners are not sleeping very well, Beaton Capital, August 15, 2015.
[104] Eric Sigurdson, Law Practice Management, Technology and Innovation – a practical framework for law firms and legal departments, Sigurdson Post, September 19, 2016; LSUC, Technology Practice Management Guideline, 5.5 Competent Use of Information Technologies – “lawyers should have a reasonable understanding of the technologies used in their practice or should have access to someone who has such understanding”.
[105] Roland Vogl, The Coming of Age of Legal Technology, Stanford Law School (law.stanford.edu), September 26, 2016; Sandra Rubin, Funding Legal Innovation in Canada, Lexpert.ca, June 27, 2016; Kenneth Grady, The New in Legal Education, linkedin, June 27, 2016.
[106] International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Aebra Coe, Artificial Intelligence Has BigLaw Rethinking Associate Hiring, Law360, November 2, 2016; Mark Cohen, How Artificial Intelligence Will Transform The Delivery of Legal Services, Forbes, September 6, 2016; Greg Wildisen, Is artificial intelligence the key to unlocking innovation in your law firm?, Legal Voice, November 12, 2015; Sean Captain, How AI and Crowdsourcing Are Remaking the Legal Profession, May 11, 2016; Gwynne Monahan, 5 Questions on Artificial Intelligence, Law Technology Today, August 6, 2015; Zach Abramowitz, Do Robots Make Better Lawyers? A Conversation About Law and Artificial Intelligence, Above the Law, June 13, 2016; Technology for Law Firm Leaders: Services as Products, Neota Logic; Julie Sobowale, How artificial intelligence is transforming the legal profession, ABA Journal, April 1, 2016.
[107] Jose Tabuena, Compliance monitoring and artificial intelligence, Compliance Week, October 25, 2016; Jeremy Kahn, Startup Uses A.I. to Speed Up Financial Compliance, Bloomberg, October 13, 2016.
[108] Ben Kepes, eBrevia Applies Machine Learning to Contract Review, Forbes, February 20, 2015; Nicole Black, How AI Will Change the Practice of Law, Law Technology Today, November 1, 2016. (eBrevia; LawGeex).
[109] Ben Kepes, eBrevia Applies Machine Learning to Contract Review, Forbes, February 20, 2015; Zach Abramowitz, Free Contract Review Could Be A Gamechanger, Above the Law, April 21, 2016; Nicole Black, How AI Will Change the Practice of Law, Law Technology Today, November 1, 2016. (eBrevia; LawGeex); Seal Version (contract discovery and analytics platform); Michael Mills, Artificial Intelligence in Law: The State of Play 2016, Thomson Reuters (neotalogic.com), 2016 – Electronic discovery (Recommind, Equivio, Content Analyst), Outcome Prediction (Lex Machina, LexPredict), Self-service compliance (Neota Logic, ComplianceHR, Global Risk Solutions), Contract Analysis (Kira Systems, KM Standards, RAVN, Seal Software).
[110] Michael Mills, Artificial Intelligence in Law: The State of Play 2016, Thomson Reuters (neotalogic.com), 2016 – Electronic discovery (Recommind, Equivio, Content Analyst), Outcome Prediction (Lex Machina, LexPredict), Self-service compliance (Neota Logic, ComplianceHR, Global Risk Solutions), Contract Analysis (Kira Systems, KM Standards, RAVN, Seal Software); Julie Sobowale, How artificial intelligence is transforming the legal profession, ABA Journal, April 1, 2016.
[111] Maura Grossman and Gordon Cormack, Technology Assisted Review in E-Discovery Can be more Effective and More Efficient than Exhaustive Manual Review, 17 Richmond Journal of Law and Technology 3, 2011; William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012 – for example: Novus Law, a legal services firm that specializes in electronic discovery, which is the fact-gathering phase that precedes trial in every litigation matter. The primary product of Novus Law, which was founded by two MBA non-lawyers, is work process that has engineered or taken out much of the time and drudgery that would otherwise fall to law firm associates. Novus Law prices e-discovery exclusively on a fixed-fee basis. And on every dimension—cost, quality, and time delivery—appears to be objectively better than Big Law.
[112] Anthony Sills, ROSS and Watson tackle the law, IBM.com, January 14, 2016; Drew Hasselback, Meet ‘ROSS’, the bankruptcy robo-lawyer employed by some of the world’s largest firms, National Post, August 9, 2016.
[113] Debra Cassens Weiss, Artificial intelligence predicted case outcomes with 79% accuracy by analyzing fact portrayal, ABA Journal, October 25, 2016; Danny Crichton, With Judge Analytics, Ravel Law Starts to Judge the Judges, Tech Crunch, April 16, 2016; Brian Benton, Lex Machina: ‘law machine’ helps lawyers predict case outcomes, Palo Alto Patch, July 30, 2012; Rich Steeves, Lex Machina uses big data, legal analytics tools to help IP attorneys, Inside Counsel, October 29, 2013; Nicole Black, How AI Will Change the Practice of Law, Law Technology Today, November 1, 2016.
[114] Michael Mills, Artificial Intelligence in Law: The State of Play 2016, Thomson Reuters Legal Executive Institute, Legal Technology.com, November 3, 2015.
[115] Joanna Goodman, Firms must embrace AI or risk being left behind, Raconteur.net, June 29, 2016.
[116] Christine Heckart, The growing network divide: What it means for your company and your career, Community.brocade.com, October 21, 2016.
[117] Mitch Kowalski, Deloitte’s deal with Conduit Law continues its march into legal services, National Post, March 22, 2016 – Note: For the Canadian legal market as a whole, these deals (Axiom purchase of Cognition, and Deloitte purchase of outsourcing companies Conduit Law and ATD Legal Services Professional, and alliance with NewLaw AI legal tech company Kira Systems) mark a coming of age for the so-called NewLaw phenomenon, disrupting the traditional law firms and BigLaw. With legitimacy, comes normalization, reach, and then market change. But what kind of market change and business model for delivery of legal services are we talking about – legal commentator Mitch Kowalski’s analysis is as follows:[117]
“I believe that Deloitte’s endgame is unmistakeable: to be the one-stop shop for as many ancillary legal services as possible; to do work that was traditionally done by associate lawyers at most law firms.
The impact of this strategy is two-fold. It provides relief for Deloitte clients in the form of lower costs; and it reduces overhead for law firms by removing the need to constantly hire, train and then fire associate lawyers that do work that can done by a Deloitte offering.
If the other Big Four accounting firms follow suit — and there’s no reason to believe that they won’t — we could very well see a significant restructuring of Canada’s larger law firms to become boutique practices performing only legal work that requires the highest level of subject matter expertise, while outsourcing all other aspects of a particular matter to a member of the Big Four.
If this were to occur, Deloitte and the other members of the Big Four will not merely be responding to a changing legal landscape, they will be the change agents themselves.”
[118] Ron Friedmann, My Big Unanswered Legal Tech Question, Linkedin.com, October 17, 2016.
[119] CBA Legal Futures Initiative, Futures: Transforming the Delivery of Legal Services in Canada, Canadian Bar Association, 2014, page 29.
[120] Drew Hasselback, The unkillable billable hour: How Canadian corporations are clinging to legal business ‘poison’, National Post, March 6, 2015; Paul M. Barrett, How Billable Hours Changed the Legal Profession, Bloomberg, December 4, 2014; Leigh McMullan Abramson, Is the Billable Hour Obsolete?: Clients are getting fed up with being charged high rates for six-minute increments of time, The Atlantic, October 15, 2015; Ben Jackson, Billable Hour Transforms the Legal Profession, Lexisnexis.com, April 18, 2012; Ronald Rotunda, The Problem of Inflating Billable Hours, Verdict.Justia.com, November 17, 2014; Elie Mystal, How Many Billable Hours Do You Have to Work Before You are ‘Busy’?, Above the Law, April 16, 2012; Bell Starting to Toll on Billable Hour, Canadian Lawyer, July 21, 2013; Ralph Baxter, The inherent client conflict of interest caused by hours-based billing, Canadian Lawyer, March 16, 2015.
[121] Shannon L Spangler, ‘Disruptive Innovation in the Legal Services Market: Is Real Change Coming to the Business of Law, or Will the Status Quo Reign?’, American Bar Association Annual Meeting, Boston, 7–11 August 2014 [www.americanbar.org/content/dam/aba/ administrative/litigation/materials/2014_aba_annual/written-materials/disruptive_innovation.authcheckdam.pdf]; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016.
[122] Ralph Baxter, The inherent client conflict of interest caused by hours-based billing, Canadian Lawyer, March 16, 2015 – The traditional law firm business model and billable hour has impeded the appropriate adoption and utilization of new technology and process design options that would make law firms more efficient and cost effective. Converting to a method that delivers client service with fewer billable hours might be better for the client, but since it will reduce revenue, law firms have been slower to change.
[123] Gina Passarella, For Large Law Firms, Alternative Billing Makes Inroads, Nat’l L. J., May 26, 2009 (quoting William B. Lytton, senior counsel at Dechert, LLP);
[124] Thomas S Clay and Eric A Seeger, ‘Law Firms in Transition Survey’ (Altman Weil, 2015) [www.altmanweil.com/dir_docs/resource/1c789ef2-5cff-463a-863a-2248d23882a7_document.pdf]; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016.
[125] William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012.
[126] David J. Parnell, Richard Susskind: Moses to the Modern Law Firm, Forbes.com, March 21, 2014.
[127] William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012.
[128] Deloitte makes its case, CBA National Magazine, June 22, 2016 [http://www.nationalmagazine.ca/Blog/June-2016/Deloitte-makes-its-case.aspx]; Deloitte, Future Trends for Legal Services: Global Research Study, June 2016 – “independent research study commissioned by Deloitte Legal. Findings are based on 243 quantitative survey responses, and 30 qualitative, in-depth interviews with in-house legal services purchasers, mainly occupying positions of CEOs, CFOs or General/Legal Counsel.” [www2.deloitte.com/global/en/pages/legal/articles/deloitte-future-trends-for-legal-services.html]
[129] Canadian Bar Association, Futures: Transforming the Delivery of Legal Services in Canada, August 2014.
[130] Drew Hasselback, Lawyers looking over shoulder as new competitors enter legal market place, National Post, December 31, 2015.
[131] Kenneth Grady, The New in Legal Education, linkedin, June 27, 2016; Eric Sigurdson, Lawyers and Leadership: effective and ethical judgment and decision-maiking required to address societal and professional challenges, Sigurdson Post, September 5, 2016; Eric Sigurdson, Law Practice Management, Technology, and Innovation – a practical framework for law firms and legal departments, Sigurdson Post, September 19, 2016.
[132] Public Policy, Legal Strategy 101: It’s Time for Law Firms to Re-think Their Business Model, Wharton.upenn.edu, April 29, 2009
[133] Ben W. Heineman, Jr.: “A Responsibility to Lead”, Duke Law News, Law.duke.edu, Jan. 7, 2008; Ben W. Heineman, Jr., Lawyers as Leaders, 116 Yale L.J. Pocket Part 266 (2007), http://www.yalelawjournal.org/forum/lawyers-as-leaders.
[134] Richard S. Granat and Stephanie Kimbro, The Teaching of Law Practice Management and Technology in Law Schools: A New Paradigm, Chicago-Kent Law Review, Vol. 88:3, page 757, 2013; CBA Legal Futures Initiative, Futures: Transforming the Delivery of Legal Services in Canada, Canadian Bar Association, 2014, page 7.
[135] Richard S. Granat and Stephanie Kimbro, The Teaching of Law Practice Management and Technology in Law Schools: A New Paradigm, Chicago-Kent Law Review, Vol. 88:3, page 757, 2013; CBA Legal Futures Initiative, Futures: Transforming the Delivery of Legal Services in Canada, Canadian Bar Association, 2014, page 7; Sandee Magliozzi, How Moving from ‘Best’ to ‘Next’ Practices Can Fuel Innovation, Santa Clara Law Faculty Publications, November 2015 – “We need to develop the competencies lawyers and law students will need to anticipate and respond to an increasingly rapidly changing legal landscape”; ABA Commission on the Future of Legal Services, Report on the Future of Legal Services in the United States, August 2016.
[136] Clayton M. Christensen, The Clayton M. Christensen Reader: selected articles from the world’s foremost authority on disruptive innovation, Harvard Business Review, February 9, 2016; George Beaton and Imme Kaschner, Remaking Law Firms: Why and How, June 7, 2016; George Beaton, Remaking Law Firms: A perfect primer, RemakingLawFirms.com.
[137] Sandra Rubin, Funding Legal Innovation in Canada, Lexpert.ca, June 27, 2016 – “The promising new technologies are not strapped for cash. While some of the money may come from permitted investors such as law firms like Blake, Cassels & Graydon LLP or McCarthy Tétrault LLP, two of LegalX’s sponsors…”; Matthew Field, ‘Unprecedented applications in the legal industry’: Denton’s Nextlaw backs two legal tech startups with funding and training, LegalBusiness.co.uk, October 16, 2016 – “Nextlaw Labs, the legal tech platform launched by Dentons last year, has invested in two legal startups, alongside venture funding company Seedcamp. The pair are backing two startups, Libryo [software platform re regulatory issues] and Clause [contract building platform for automated and data-integrated contracts], as part of an initial co-investment worth around €200,000. The partnership will also offer future training and mentoring from lawyers at Dentons to develop the products”; Victoria Young, ‘Thinking Space’: Reed Smith to collaborate with clients with launch of new innovation Hub, LegalBusiness.co.uk, October 4, 2016 – “Reed Smith has made a concerted investment in the legal technology and innovation space with the launch today (4 October) of a dedicated ‘thinking space’, believed to be the first of its kind in London, after developing its own software to maximise efficiency in corporate deals. The ‘Innovation Hub’ is the brainchild of global chief knowledge officer Lucy Dillon who has employed the former leader of Lexis Nexis’ new product development team, Alex Smith, to run it. Smith joins as the firm’s dedicated innovation manager, to be based in London. He will work internationally with clients to develop technology that cuts costs and enhances legal services”; David Dias, Blakes, LegalX to launch digital innovation contest: Global Legal Innovation Challenge will call on contestants to solve one BigLaw problem, Legal Feeds (Blog of Canadian Lawyer & Law Times), February 4, 2016 – “As corporations increasingly demand efficiency and tech savvy from their law firms, one such firm has teamed up with a legal technology incubator to launch an innovation contest for developers in the space. The Global Legal Innovation Challenge — the brainchild of Blake Cassels & Graydon LLP and LegalX — will call on a broad range of tech companies to solve a specific problem facing Big Law in Canada. Blakes announced the initiative yesterday as part of its sponsorship of LegalX, which oversees a cluster of startups working out of the MaRS Discovery District”; Tali Folkins, Dentons partnering with IBM on legal innovation lab, Legal Feeds (Blog of Canadian Lawyer & Law Times), February 4, 2016; Jordan Furlong, The Intangible law firm, Law 21 Blog, July 11, 2016 – “Berwin Leighton Paisner [London, UK] is using AI-type solutions to carry out standard legal processes hundreds of times faster than traditional methods that use human labour … Mishcon de Reya [London, UK] new ten-year strategy includes a plan to drive the automation of everything that can be automated, whether its legal or process, including an internal laboratory to vet artificial intelligence initiatives in a bid to make the firm an ‘early adopter for new technologies … Gilbert & Tobin [Australia] has filed several patent applications to cover new computer applications it has built: rather than take 20 hours, some tasks can now be done in two hours”.
[138] John O. Cunningham, Law Firm Leadership in the 21st Century: Say Hello to the Law Firm CEO, Legal Marketing Reader, February 2012:
“The role of law firm leader is evolving rapidly toward that of a law firm CEO whose main focus is on managing people, administration, business development, long-term planning and running a business — not practicing law. … Some firms, such as Reed Smith, even have numbers of lawyers now who focus most or all of their time on operations, leadership and management. Many of the most successful firms have done this because they recognized what their clients have long understood – that leadership and management are not afterthoughts or secondary activities. …
The 500-lawyer firm of Pepper Hamilton, for example, announced in February that it hired a non-lawyer with significant business experience to be responsible for both business strategy and operations as CEO of the firm. Scott Green holds a Harvard MBA and is a licensed CPA. He also started his career with Deloitte & Touche…
The Chair of the Pepper Hamilton Executive Committee, Nina M. Gussack (former managing partner) explained to BusinessWire reporting service that the decision to create the CEO role and the decision to hire a non-lawyer executive were the result of a year-long process during which the firm’s executive committee analyzed:
- Succession planning;
- Alternative management structures; and
- Best practices in organizational governance.
Gussack reportedly said: “We began with our clients’ desire for value, creativity, quality and efficiency [and] concluded that a management model that more closely resembles those of our clients would enable the lawyers at Pepper Hamilton to focus on providing legal services in the most effective way.”
This is absolutely revolutionary in the law firm industry because the decision was made based on a study of best practices and management structures, as well as a focus on the desires of clients.”
[139] Ralph Baxter, Looking at the Law Firm Partnership Model and How to Fix it, Thomson Reuters, February 25, 2015 [http://legalexecutiveinstitute.com/looking-at-the-law-firm-partnership-model-how-to-fix-it-by-ralph-baxter/]; Professor Johnathan T. Molot, What’s Wrong with Law Firms? A Corporate Finance Solution to Law Firm Short-Termism, Southern California Law Review 2015; William D. Henderson, More Complex than Greed, The American Lawyer (AxiomLaw.com), May 29, 2012; John Kelly, Partnership Impediment to Innovation in Law “The PIIL Factor” A Future Law Perspective, Linkedin.com May 19, 2015; Jordan Furlong, The lawyer vs. the law firm, CBA National Magazine, Fall 2016; International Bar Association, ‘Times are a-changin’: disruptive innovation and the legal profession, IBA Legal Policy & Research Unit, May 2016; Law Firms in Transition Survey – the survey was conducted in March and April 2015. It polled managing partners and chairs at 320 US law firms employing 50 or more lawyers, including 47 per cent of the 350 largest law firms in the US: Thomas S Clay and Eric A Seeger, ‘Law Firms in Transition Survey’ (Altman Weil, 2015), available at www.altmanweil.com/dir_docs/resource/1c789ef2-5cff-463a-863a-2248d23882a7_document.pdf.; Altman Weil, 2016 Law Firms in Transition survey. Note:
Some leading experts have suggested that many issues affecting corporate clients is due to the law firm’s “outdated partnership model”, a “poor institutional choice for the delivery of legal services in today’s legal market.” The main reason is that the traditional model encourages partners to fixate on short-term gains rather than the long-term success of the firm. For example:
- A law firm partnership is proprietary. Partners consider themselves first and foremost as proprietors of banks of clients and books of business. Their loyalty and commitment to the law firm is only as good as the law firm is able to sustain an environment for them that’s conducive to maximization of billings.
- Partners under invest in law firms. Their primary interest, often to the point of obsession, is to draw down the maximum allowable amount of income on the monthly basis that’s been apportioned to them by the firm Partnership represents a personal entitlement rather than a professional commitment to an organization. The law firm is just a shell like umbrella that is used to market their expertise and manage their client services.
- Law Firms in Transition Survey, conducted in 2015 revealed that 72.4 per cent of law firm leaders in the United States believe that the pace of change within the profession is increasing. However, 45 per cent of law firms surveyed cited partner resistance as one of the reasons for their firms not doing more to change their practices in order to compete. This was confirmed again in the 2016 survey.
- This is the “war that’s been raging within law firms”, the fight for control of the business between individual Partners and the law firm leadership, with the firm looking long term and the Partner level lawyer looking short term and with a ‘self-interest’.
[140] John Kelly, Partnership Impediment to Innovation in Law “The PIIL Factor” A Future Law Perspective, Linkedin.com May 19, 2015; Jordan Furlong, The lawyer vs. the law firm, CBA National Magazine, Fall 2016; Andrew Strickler, BigLaw’s New Bosses Will have Skills to Pay the Bills, Law360, February 19, 2013; David Perla, Democracy and Law Firm Leadership, Above the Law, July 26, 2016; Jeffrey Lowe, BigLaw 2016: A Look Ahead, Law360, January 12, 2016.
[141] Huron Legal, What General Counsel Want (and Need) from their Law Firms and Other Legal Service Providers, 2013.
[142] Catherine Berney, Law is a people business, Linkedin, November 5, 2016; Law Firm Marketing Summit 2016, The Leadership role: how to lead creatively in a changing business context, Speaker: Catherine Berney, October 5, 2016.
[143] Mark Cohen, The Pond Seems Wider: The Regulator Gap Between UK and U.S. Legal Practice, Legal Mosaic, May 4, 2015.
[144] Sara Randazzo, Law Firms Demote Partners as Pressure Mounts over Profits, Wall Street Journal, October 10, 2016 (New York law firm Shearman & Sterling LLP demoting partners who don’t bill enough hours into nonequity tier in light of client pressure to keep down costs); Debra Cassens Weiss, Consultant sees ‘pervasive’ trimming of BigLaw equity partners, ABA Journal, October 12, 2016 (pervasive trimming of partners in nation’s top 100 law firms. 56% of law firms planned to de-equitize partners, and 67% planned to ask partners to leave).
[145] Joe Borstein, Alt.Legal: The Biglaw ‘Caste System’ – An Impediment to Innovation?, Above the Law, March 9, 2016; Jeffrey Lowe, BigLaw 2016: A Look Ahead, Law360, January 12, 2016 – “the non-partner track / staff attorney model is here to stay: project attorneys, staff attorneys, career associates, etc., can provide high-quality work at significantly lower cost”.
[146] Joe Borstein, Alt.Legal: The Biglaw ‘Caste System’ – An Impediment to Innovation?, Above the Law, March 9, 2016; Mary Juetten, The Future of Legal Tech: It’s Not as Scary as Lawyers Think, Forbes, February 19, 2015.
[147] Jeffrey Lowe, BigLaw 2016: A Look Ahead, Law360, January 13, 2016.
[148] David Burgess, 9,096 GCs interviewed about their law firms’ adoption of innovative working methods, such as technology and AI: How do the UK’s Top 50 law firms stack up?, Linkedin (Publishing Director, The Legal 500 Series), November 3, 2016 – 2016 Client Intelligence Report.
[149] Mohanbir Sawhney, Putting Products into Services, Harvard Business Review, September 2016.
[150] Ben DiPietro, Financial Firms Turn to Artificial Intelligence to Handle Compliance Overload, Wall Street Journal, May 19, 2016.
[151] Julie Sobowale, How artificial intelligence is transforming the legal profession, ABA Journal, April 1, 2016.
[152] IBM Watson Parks its AI Tank on Legal Compliance Lawn in New Venture, Artificial Lawyer: AI and Legal Automation News, September 30, 2016 [https://artificiallawyer.com/2016/09/30/ibm-watson-parks-its-tank-on-legal-compliance-sector-lawn-in-new-venture/]; Ron Friedmann, Automating Legal Advice: AI and Expert Systems, Bloomberg Law (bol.bna.com), January 22, 2106; Joe Mont, Rise of the machines: how artificial intelligence could revolutionize compliance, Compliance Week, August 2, 2016; Greg Wildisen, Is artificial intelligence the key to unlocking innovation in your law firm?, Legal Week, November 12, 2015.
[153] Mohanbir Sawhney, Putting Products into Services, Harvard Business Review, September 2016.
[154] Ben DiPietro, Financial Firms Turn to Artificial Intelligence to Handle Compliance Overload, Wall Street Journal, May 19, 2016.
[155] Sally Kane, Top Ten Legal Skills – competitive and attractive legal skills for job seekers, The Balance, August 3, 2016; Beverley McLachlin, Legal Profession in the 21st Century: Remarks of the Right Honourable Beverley McLachlin, P.C. Chief Justice of Canada (2015 Canadian Bar Association Plenary), Supreme Court of Canada, August 14, 2015 – “The Canadian Bar Association recently conducted a case study of a project initially spearheaded by the international law firm Berwin Leighton Paisner. The project is called “Lawyers on Demand”, and consists of lawyers contracted out to law firms to provide assistance on a project-by-project basis. In-house counsel and law firms can bring in the legal help they need at the point where they most need it, without all the overhead costs. As for the lawyers on demand, in addition to being exposed to challenging and stimulating work, they benefit from flexible work arrangements. The Lawyers on Demand project has inspired others to develop similar models, in the UK and in Canada”.
[156] Reena SenGupta, Lawyers are finally converts to technology: firms are reaching a tipping point on digital as fear of the drive for efficiency recedes, Financial Times, October 5, 2016; Joe Borstein, Alt.Legal: The Biglaw ‘Caste System’ – An Impediment to Innovation?, Above the Law, March 9, 2016.
[159] Maria Jose Esteban and Professor David Wilkins, The re-emergence of the Big 4 in law, Thomson Reuters, April 27, 2016.
[160] Attack of the Bean Counters – Lawyers Beware: the accountants are coming after your business, The Economist, March 19, 2015 – Michael Roch (Kerma Partners) advises professional-services firms.
[161] Mohanbir Sawhney, Putting Products into Services, Harvard Business Review, September 2016.
[162] Charlotte Rushton, Three ways the legal world is changing, Thomson Reuters, October 28, 2016.
[163] Kristen Rasmussen, Can In-House Counsel Be Trusted with High-Stakes Litigation? Macy’s Thinks So, Corporate Counsel, November 8, 2016; Richard P. Campbell, Welcoming Insurance Staff Counsel, Tort Trial and Insurance Practice, American Bar Association, Fall 2001 (“the practice of law by staff counsel has thrived for nearly a century … the late Jim Casey, chief attorney in Liberty Mutual’s staff counsel operation, was one of the giants of the Boston trial bar … virtually every major property and casualty insurance company has long had a staff counsel program. More than 8,000 lawyers nationwide currently practice insurance defence law within the structure of a staff counsel program”); Mallen and Smith, Legal Malpractice (4th ed): Chapter 28, “staff or house counsel”; R. Jeffrey Kelsey, Building an In-House Trial Team (Federal Express), Federation.org (“Jeff Kelsey is a Managing Director in the Litigation section of the Federal Express Corporation Legal Department. FedEx handles the majority of its employment and commercial litigation using in house attorneys who act as lead trial counsel for the Company”).
[164] Joan Williams, Aaron Platt, Jessica Lee, Disruptive Innovation: New Models of Legal Practice, 2015. [http://worklifelaw.org/wp-content/uploads/2015/09/Disruptive-Innovations-New-Models-of-Legal-Practice-webNEW.pdf]; Kristen Rasmussen, Can In-House Counsel Be Trusted with High-Stakes Litigation? Macy’s Thinks So, Corporate Counsel, November 8, 2016; Anthony Hilton, Why their profession’s failures mean lawyers don’t win top city jobs, Evening Standard, UK, September 22, 2016 (“allowed some of their best brains to move in-house as general counsel in the biggest companies, taking he most interesting legal advisory work with them”); Richard P. Campbell, Welcoming Insurance Staff Counsel, Tort Trial and Insurance Practice, American Bar Association, Fall 2001; Mallen and Smith, Legal Malpractice (4th ed): Chapter 28, “staff or house counsel”; R. Jeffrey Kelsey, Building an In-House Trial Team (Federal Express), Federation.org.
[165] Beverley McLachlin, Legal Profession in the 21st Century: Remarks of the Right Honourable Beverley McLachlin, P.C. Chief Justice of Canada (2015 Canadian Bar Association Plenary), Supreme Court of Canada, August 14, 2015. [http://www.scc-csc.ca/court-cour/judges-juges/spe-dis/bm-2015-08-14-eng.aspx#fnb25]
[166] Richard Susskind, Tomorrow’s Lawyers: An Introduction to Your Future, 2013.
[167] George Beaton and Imme Kaschner, Remaking Law Firms: Why and How, June 7, 2016.
[168] Mohanbir Sawhney, Putting Products into Services, Harvard Business Review, September 2016.
[169] Yves Faguy, Q&A – Christine Duhaime: Fintech meets law, CBA National Magazine, Fall 2016, Volume 25 No. 3. – Christine Duhaime, Digital Finance Institute (think tank for financial technology, law and policy, and Canadian lawyer specializing in financial crime and anti-money laundering).
[170] Roland Vogl, The Coming of Age of Legal Technology, Stanford Law School (law.stanford.edu), September 26, 2016.
[171] Kenneth Grady, Extending Jordan Furlong’s Metaphor Another Play, SeytLines, November 3, 2016.
