Yesterday, the AmLaw 100 Annual Financial Survey came out, and it offers an interesting picture of where the bigs are and perhaps where the industry is going.

I also listened to an ALM webinar yesterday in which there was a fascinating discussion about the findings among Nick Bruch, am ALM analyst, Dan Packel, an ALM reporter and Gina Passarella, Editor-in-Chief of The American Lawyer. One of the big topics of discussion by the panel: what happens if and when there is a recession.

Here are some takeaways from the data and the discussion and then some of my predictions. Continue Reading The AmLaw 100 Annual Financials: A Glass Half Full or Half Empty?

A couple of years ago, I decided to go bare ass screenless for one day a week in efforts to get away from social media, emails, text message and visual noise pollution.

I thought about my decision and its impact recently as I was listening to Nicole Abboud’s podcast episode about her 30-day detox (as she calls it) from social media. I’m a big fan of Abboud’s Gen Y Lawyer Podcast even though I’m a bit removed from Gen Y at least chronologically. Abboud’s podcasts are always thought-provoking and stimulating no matter your age or status in life. Continue Reading I Go Bare Ass ScreenLess…For A Day

It’s funny the lessons diversity can teach you about blind spots. About your unconscious bias. Even when you don’t know you have them.

Yesterday, I posted an article on a tech conference I attended where there were no women speakers and where I thought there was a lack of persons of color presenters. I included a picture of a panel which I thought demonstrated this point. Except it didn’t.

Unquestionably, there were no women on the panel or presenting at the conference. But shortly after posting, one of my Asian friends pointed out that there was indeed an Asian American on the panel. Second from the right. Continue Reading I Stand Corrected: A Lesson In Unconscious Bias

“The future of AI is being built by a relatively few like-minded people within small insulated groups”
Amy Webb, The Big Nine.

Today I attended the a conference called SAS Analytics Day: Artificial Intelligence and Machine Learning Symposium at University of Louisville. (Or as explained below, I attend part of the Conferance). This was a technical conferance for the most part; I grasped maybe 10% of what was discussed but I thought it would be worth the effort. Continue Reading What’s Wrong With This Picture?

LexisNexis yesterday announced that its subsidiary client relationship management (CRM) product, Interaction would  now work seamlessly with Microsoft® Outlook, Excel and Word-three applications that many lawyers typically use. InterAction® for Office 365® is available for both desktop and subscription versions of Office, including those running on Mac and IOS. It allows you to access your firm’s client relationship data and information about clients and potential clients while using Outlook, Excel and Word with a click or, eventually even automatically. Its compatible with 365 or the 2016 and 2019 versions. This is a significant new tool which should aid firms in business development. Continue Reading LexisNexis Announces Interaction— Microsoft Outlook, Word and Excel Integration

Is AI real in law? Are most successful legal applications just software? Micah Grupp  raises some interesting points in his recent article entitled Facts About AI and Law You Always Wanted to Know. I’m not sure I agree with everything he says (Headline: Grupp takes a pretty jaundiced view of AI in law).  But it is true that what a lot of companies call AI really isn’t as they seek to capitalize on AI as a hot topic.  This doesn’t necessarily make their products bad (some are quite good) but it does confuse the concept of what AI is and can do. (Most have heard the old joke: its AI until we understand it. Then its just software). Continue Reading AI and Legal Application

Wilson Sonsini and its new tech ancillary business, SixFifty, may be ushering in a new wave for providing legal services and law firm marketing. The combination promises to provide automated legal services for more commodity type services under the Wilson Sonsini brand in hopes that it will generate more lucrative business for Wilson Sonsini later.

 

Background
 Continue Reading Wilson Sonsini/SixFifty: a New Wave for Legal Services (And Damn Good Marketing)

I often get asked by lawyers: what legal tech should I purchase and, relatedly, how in the hell can I know what I need to know about tech and keep up with it. It’s an ongoing source of frustration: lawyers constantly hear they need to be tech savvy but are clueless how to get there.

That’s why I really like a new book by Sharon Nelson, John Simek and Michael Maschke entitled Solo and Small Firm Legal Technology Guide. I’ve known Sharon and John for several years through the ABA’s Law Practice Division and admire and respect their knowledge about legal tech and process, so I was excited to see that they put their knowledge on paper for all to access.

Continue Reading Wondering What Legal Tech to Buy: Look No Further

I was fortunate enough to be invited to and attend last week’s Solid West Summit on Legal Innovation and Disruption in San Francisco. The Solid conferences are the brainchild of David Cowen, who runs the Cowen Group, a legal recruitment, professional development and thought leadership agency. The Summit describes itself as a “TED Talk style summit focused on innovation and the business of law”. David holds Solid Summits at various national and international locations throughout the year.

The Summit Format

The conferences are by invite only and Dave routinely draws some of the top thinkers in the legal tech and innovation space including Chief Innovation Officers from some the country’s largest firms, practicing lawyers, leading product and service providers and thought leaders. Primarily– although not exclusively– geared toward larger business and commercial firms, it’s one of those conferences that you leave tired, stimulated and a little intimidated by the smarts of the people you hear from. Continue Reading Solid West Summit:10 Legal Innovation & Disruption Highlights

Thomson Reuters today announced a new legal workflow solution that it claims will enable firms to better plan, manage and execute legal matters with enhanced data and data analytics. A cloud-based system, Thomson Reuters PanoramicTM is built on TR’s Practical Law’s legal guidance platform and its 3E financial management system to better connect the front office of a law firm—where the legal work is handled—to the back office—where law firm financials are monitored and analyzed.

TR says Panoramic is specifically directed toward large and mid sized firms although it’s primary beneficiaries in my opinion may turn out to be the more innovative mid size firms (the AmLaw firms in the 100-200 range) who lack the resources and systems of some of the very large firms. As I have previously noted, it is, in fact, these mid size firms that will be most under threat in today’s changing legal marketplace. But because of their generally reduced cost structures and overhead, some of these firms, those that choose to distinguish themselves in the market, also have a big upside potential. And tools like Panoramic, if vigorously adopted (which is an if, as discussed below), could enable this capitalization. Continue Reading Thomson Reuters Announces Panoramic: New Tools With the Mid-Size Law Firm In Mind