Category: Market Commentary

Tom Trujillo – Sr. Legal Industry Adviser & Former COO at Bank of America’s Legal Department in Interview for the #BakersDozen

Tom speaks with refreshing authenticity from a rich well of experience in the legal industry. His voice speaks clearly to both the challenges and opportunities ahead for lawyers and the industry we embrace. As we congratulate him on his new appointment as Deputy General Counsel & COO with Wells Fargo’s Law Department, we invite you to share in what he has to say about the road ahead.

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BEST OF THE BEST ON #FEARLESSLAW: SUCCESSFUL CLOC CO-FOUNDER & GENERAL PARTNER OF UPLEVEL OPS, STEPH COREY

Steph Corey is the kind of bright, smart, energetic individual who makes stuff happen – and she’s definitely “one to watch” in the Legal Ops space. She is the General Partner and Co-Founder of UpLevel Ops, LLC, a multi-service Legal Operations consulting firm, and co-founder of CLOC, Corporate Legal Operations Consortium. We’re delighted to share her thoughts and insights here on #FearlessLaw.

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HPC Analysis: On Legal Costs And Expectations – The Road Ahead Calls For Confidence In Closer Collaboration

The best way to tackle a difficult subject is to understand it – and talk about it. Legal costs and expectations would seem to be a good example. We see some great conversations ahead and even stronger business relationships emerging as clients and their legal service providers engage around data, embrace change and realize the benefits of greater transparency in helping one another succeed.

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James Joyce And The Legal Sector Myth

As the industry faces cost pressures and business interjections from outside – from the C-suite, from new technology and new legal service providers, from data and automation – we may yet see a new and greater symbiosis between these communities around what unites us, not what divides us. In my various conversations with leaders, I see a shared passion for “better” – not just for cost reduction though that is a consideration for every business. I see a genuine “fire” in the eyes for advancement in how we do things, the purpose it serves and the value it creates or adds to our clients. The future will come soon enough, as they say, and it will bring mighty change. Of that there can be no mistake. But on both sides of this discussion – and looking further afield into the growing array of participants – I see encouraging evidence of great innovative and forward-thinking individuals that will carry the torch and take the opportunity to champion “better”.

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TOP HEALTHCARE INDUSTRY CEO RUSS RUDISH TALKS LEADERSHIP – AND WHAT IT TAKES TO SUCCEED

To speak with Russ Rudish is to tap into one of the richest and most experienced sources of knowledge, intellect and experience in the modern healthcare industry – and to engage one of its sharpest business minds. And to observe the level of technical and digital growth in healthcare, we can’t help wonder if law is any different in its potential for vast change. We managed to get some time with Russ to share his views on leadership – and what it takes to succeed in a highly-competitive industry – here.

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On #LegalMosaic: Mark Cohen Discusses “The Future Lawyer”

HPC Contributor and Advisory Board Member Mark Cohen opines on the future role of lawyers and the special role they still have to play in society. As the lawyers of the future recreate the legal marketplace, they must zealously defend the rule of law. Its defense will be their most important matter, a constant reminder of what it means to be a lawyer and why the profession is so important to preserving the freedoms so many take for granted.

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Legal Delivery Is Becoming Digitized. What Does That Mean?

The features of digitized legal providers are becoming well-defined– they are customer centric, tech and process enabled, agile, diverse, accessible to clients in real-time, intelligent, globally branded, scalable, multi-disciplinary, and enterprise focused. Few—if any—law firms fit this description. The Big Four accounting firms, Accenture, IBM, and others certainly do. Consider that General Electric recently moved its global in-house tax department to PriceWaterhouse Coopers. Law firms should take notice. This is the next phase of legal digitization: managed legal services.

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BOARD GOVERNANCE EXPERT NANCY MAY SPEAKS TO A NEW APPROACH FOR SUSTAINING HIGH PERFORMANCE BOARDS

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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OLGA MACK & NEHA SAREEN: CORPORATE GROWTH AT CISCO – MORE THAN NUMBERS

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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On #LegalLeadership: Nancy May Speaks Of “Hunting” Diversity

Nancy May, CEO of the BoardBench Companies, is a leading authority on Boardroom candidacy and governance. In this article, she invites us to take a look at how you can go about finding “diverse directors.” Keep in mind that, if you don’t know what you value, setting clear objectives and finding practical solutions will always make the process much harder.

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