Category: #LegalInnovation

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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PEARSON GC & CHIEF LEGAL OFFICER BJARNE TELLMANN TALKS #FEARLESSLAW ON HIGH PERFORMANCE COUNSEL

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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LEGAL DECODER CEO JOE TIANO DISCUSSES LEGAL OPS AND DATA-DRIVEN LAW WITH HIGH PERFORMANCE COUNSEL #FEARLESSLAW

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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DON’T BET AGAINST THIS GUY – UNLESS YOU ENJOY LOSING: STEVEN FRIEL, CEO OF WOODSFORD LITIGATION FUNDING, TAKES ON THE #BAKERSDOZEN

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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Mplace Inc. adds Global eDiscovery Leader Consilio to Client List

Mplace Inc., an innovative online talent marketplace servicing the document review, contract review, and due diligence markets, has just announced the addition of Consilio to its growing list of clients. Launched one year ago, Mplace is growing at a rapid pace. Consilio joins some of the nation’s leading law firms and global eDiscovery providers, as Mplace’s notable clientele.

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Mark Cohen: Your Trusted Legal Adviser May Not Be A Lawyer

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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FLY ME TO THE MOON. LEGALSIFTER CEO KEVIN MILLER EXEMPLIFIES NEW BREED OF LEGAL TECH PIONEER – ON THE #BAKERSDOZEN

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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TODAY AND TOMORROW FOR THE 21st CENTURY LEGAL PROFESSIONAL

Today we’re delighted to launch a new, exclusive series written by two leading minds in legal innovation, Lisa Culbert and Jason Moyse of Law Made. They’ll be looking at the road ahead for the modern legal practitioner and other participants in the legal industry. What does it look like? What are the new skills? Will yesterday’s niche career in tech and innovation become tomorrow’s mainstream career? All these questions – and more. We think you won’t want to miss this.

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FOLLOW THE MONEY. DERMOT KNIGHT OF NAVIGATE LEGAL STEPS UP FOR THE INFAMOUS #BAKERSDOZEN CHALLENGE

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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