Some organizations shine while others struggle. Some navigate difficult points with greater ease than others and cultivate a more popular and appealing acceptance in the broader public space. The reasons for this may be many and varied. In this article, our Contributors Olga Mack and Katia Bloom look at the many benefits of star-powered Boards for today’s growing organization.
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I think the biggest challenge facing the legal profession over the next five years is navigating the disruption and complexity that flows from the “more for less” problem. Corporate legal teams are facing an unprecedented need to contain costs at a time when demand for legal services is increasing.
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If data is recent and intelligently structured to align with how lawyers work, more data is better. The challenge faced by many legal operations professionals and law firms is that the data is inconsistently categorized, mis-tagged and poorly structured. Our technology transforms raw data into refined information upon which legal industry leaders can make decisions.
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When the story of law is written for the next decade, litigation funding will feature prominently as the broader role of finance quietly but surely redefines the legal industry. We think it’s a new defining element of what is to come and we cannot over-estimate its importance. So it is with great pleasure that we got speaking with Steven Friel, CEO of Woodsford Litigation Funding – one of the sharpest minds in legal finance today. He’s not someone to bet against – unless you like losing, of course. Clear, articulate and purposeful, he doesn’t waste words. If you’re grappling with what the future looks like, Steven’s insights are a great place to start. Here he takes on the infamous #BakersDozen.
#BakersDozen is a series of interviews with leading professionals in the fields of law, consulting, finance, tech, and more.
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We interviewed Jack Newton, CEO and Co-Founder of Clio for the infamous #BakersDozen. When the history of modern law is written, Jack will feature prominently. Spotting the opportunity for cloud technology in legal services early on, he evidences a powerful case study in vision, persistence and execution. We observe how he has managed to not only build a highly successful company but also inspire fun and loyalty in the entire enterprise. He brings out the best. And we think that defines legal leadership. Bravo Jack, bravo.
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Mark Cohen: “Just as outstanding legal practitioners emerge as ‘trusted advisers,’ so too is there an emergent cadre of ‘trusted adviser’ legal service providers that may or may not be lawyers. Translation: legal delivery is not just about lawyers anymore. Mark Cohen is a valued Contributor and Advisory Board member. His article originally appeared on Forbes.
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Nancy May tackles the issue of sustaining high performance boards. A leading expert in the field, she speaks to the challenges and opportunities this presents. In her words: “In these times, boards need to be more dynamic than they are today, if they want to continue to succeed. Life term directors and board “continuity” are no longer the prime means of keeping a board strong. Boards need to “refresh” and “re-balance” in response to changing business environments.”
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Law schools will better serve students, society, and their own viability by restructuring. This does not mean that ‘one size fits all’—quite the contrary. It does require that they differentiate themselves by filling a market niche. Translation
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On BULLET POINTS we feature a guest post by HPC Contributor on Cybersecurity, Chuck Brooks. This week the mainstream headlines have been brimming with news of cyber attacks impacting society and industry at every level. The legal industry could not escape the headlines and was dragged onto the front page – not as adviser but instead as victim. One of the largest, highest profile law firms in the world was snared by a broad-based cyber attack with severe consequences for day-to-day operations. Those who have questioned the relevance of cyber in the legal industry must surely now be coming around to the reality that no-one and nothing is exempt from attack. Only the right strategy, technology, awareness and people training may stand between attack and devastating consequences. Chuck knows what he’s talking about. We commend reading his article.
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Cybersecurity is moving mainstream rapidly. As corporate and government clients address it, the expectation grows that their professional or technical service providers will step up also. This represents an interesting challenge – and opportunity – for the legal industry. In this interview, our expert analyst and contributor Chuck Brooks looks at the road ahead.
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You get the call from your recruiter that a law firm wants to bring you in for an interview. If your recruiter is doing his/her job, you will be provided with the names of the attorneys you will be meeting with, their biographical information and any insight, both professionally and personally that can aide in connecting with the people across the table. Furthermore, the recruiter should be preparing you for the session by raising questions to anticipate and to discuss how to respond effectively to each question. There is a great misconception that the interviewee, must answer substantive questions...
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It must be curious and somewhat unique – the feeling that astronauts have before lift-off – knowing they’re doing something that others can’t and won’t. In our view, there is a new pack of legal technology entrepreneurs, founders and CEOs that are ripping up the rule-book and they’re lifting rockets off the deck. Kevin is one of them. In his role as CEO of LegalSifter, here he tackles the searching questions of the (now) infamous #BakersDozen.
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Nancy May is President and CEO of The BoardBench Companies and one of the smartest folks we know. We love that Nancy is a straight-talker. She calls it. No fuzz on it. In her view: “.. this boardroom diversity “thing” isn’t going away. Diversity and equality in the boardroom is coming. How soon you face it and embrace it is up to you. Resistance is futile. We’re with Nancy. How about you?
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New York, NY – June 12, 2017 Leading litigation consulting firm, BLUEPRINT TRIAL CONSULTING, announces its offering of jury research and analytics services for evaluating litigation risk. Speaking to litigation industry analysts in New York, co-founding partner Dr. Eric Rudich commented “The litigation field is highly inefficient. Litigants typically spend too much money on cases that they should have settled earlier before undergoing an extensive and costly discovery process. When cases settle, litigants often settle for too much or too little. Our services help our clients make tough decisions which significantly reduces their litigation spend.” Observers note that BLUEPRINT...
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We asked Dermot his thoughts on the greatest challenge facing law – his answer was succinct, powerful and timely: “Inertia. Innovation must go beyond buzzwords at conferences – there needs to be a transition from having an innovation strategy to living one. Those who act first have the most to gain – those that linger the most to lose.” You can read his interview here.
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Successful Legaltech Founder & CEO Lecia Kaslofsky has the instincts and the inspiration of a winner. Taking the path less trodden, she speaks the story of hard-earned success. When we asked what inspires her? “Olympic athletes inspire me. Musicians inspire me. People who put in the work each and every day and then make it look facile, triumphant even. I love this quote by Michelangelo: ‘If people knew how hard I worked to get my mastery, it wouldn’t seem so wonderful at all.’ And also this one by Thomas Edison: “Opportunity is missed by most people because it is dressed in overalls and looks like work.’..”
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Like no other time in their history, law firms need a provocative strategy that not only responds to client demands in a rapidly changing industry, but anticipates the future. Our Expert Contributor Carol Crawford speaks to the critical skills required of next generation law firm leaders – in the decade of change that lies ahead for all. Read it here.
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Those who think gender diversity on boards is merely “for the sake of diversity” can learn from Cisco’s example – our expert Contributors argue. Olga V. Mack and Neha Sareen make the connection between how business is done – and good business. They point to industry leader Cisco, where innovation in tech is matched by innovation in corporate culture. Cisco is one of the few companies that has recognized the importance of gender diversity on its board: when diverse leaders make big picture decisions, corporate culture thrives, and corporate growth follows. You can read their analysis here.
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Many organizations are learning the hard way that what they thought was secure is really not. Data breaches are an epidemic and every year of intrusion reports outpace the previous year. As a result of procrastination on cyber threats, corporate leadership has been playing catch up by procuring IT security technologies, educating their boards of liability issues, and hiring cybersecurity talent. However, deciding how to best allocate resources, focus on specific industry threats, and design prevention and contingency plans are not easy tasks. Gamification can be helpful in providing testing and simulation for a custom cybersecurity strategy while stimulating the workforce at the same time. Our Cybersecurity Expert Contributor Chuck Brooks walks through the issues.
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A little while back, we were fortunate to sit down with Scott Locke, a leading intellectual property partner and department chair at Dorf & Nelson LLP – advising household-name clients in the life sciences industry, the internet of things industry, the fashion industry, the cosmetics industry, the medical device industry and the wearable technology industry. Here you can read how he tackles the infamous #BakersDozen…
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