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

I have written before about the Big 4 accounting firms and the threat that these firms may pose for U.S. lawyers and law firms.

The response has typically been a bit like that of the first two pigs in the old 3 Little Pigs nursery rhyme who arrogantly believed their houses of straw and twigs would protect them from the Big Bad Wolf. Going into last week’s Legalweek in New York, several legal pundits (and lawyers) made it a point to tell me Big 4 encroachment on U.S. legal can’t happen. That Sarbanes-Oxley won’t allow it. That the Big 4 don’t make enough profits to do it. That they can’t do what U.S. law firms and lawyers do. That the Big 4 isn’t at all interested in the U.S. market. That they certainly have no business or strategic plans pointed in our direction. I was starting to conclude they were right. Continue Reading U.S. Law and The Big Four: Who’s Afraid of the Big Bad Wolf?

So, as promised in my general post about Legalweek last week, here are my thoughts about the three most innovative and relevant products I saw at this year’s Conference (plus one).

As I said before, none of the three is groundbreaking in and of themselves. None will change the way we fundamentally practice. But taken together and added to any number of other products that are designed to address particular pain points, they collectively move the needle in various ways from efficiency to life balance. This is what good product developers do: they find a problem and try to solve it. Forget saving the world. Continue Reading New and Hot At Legalweek? Zero. Windtalker. LoopUp. And Casepoint

Legalweek is one of the preeminent legal tech shows. For years it primarily was directed to the ediscovery community; while there is still a heavy emphasis on ediscovery, the Show has branched out signigificaly in recent years. Put on by the legal media Goliath, ALM, it occupies 4 full days of programming,  mammoth exhibit halls and, of course, numerous vendor parties.

As it began to wind down on cold Thursday afternoon, I took a break and sat down in the Plaza Hotel lobby bar to reflect. The Plaza of course is a grand dame of New York hotels featured in movies as diverse as North by Northwest and Home Alone 2. It’s a great place to sit, reflect, people watch, have a glass of wine and write. Continue Reading Legalweek Musings on a Cold Day in New York

Roy Storm of ALM broke the news early this week that Casey Flaherty, owner of the consulting firm Procertas and former GC of Kia along with legal pundit Jae Um will join the legal bemouth, Baker McKenzie. They will join recently added David Cambria, affectionately called the “Godfather of legal operations,” in an effort, according to the firm, to  “reengineer the delivery of legal services.”

When I first heard the news, I was reminded of (and tweeted out) the question posed to Winston Churchill: “Sir, are you ready to meet your maker?” Sir Winston’s response: “Yes but is he ready to meet the likes of me?” And that’s the big question here. Continue Reading Cambria, Flaherty and Um to Baker McKenzie: Is Baker Ready For the Likes of Them?

 

It’s not often I disagree with Joe Patrice, who frequently writes for Above the Law. For one thing, he’s a lot smarter than me. For another, he’s a better writer. In fact, about the only thing I have on Joe is several more years of wear and tear in the trenches. That doesn’t make me right but maybe gives me a different perspective.

Joe recently wrote an article the premise of which, and I paraphrase, was that automation and technology are depriving junior lawyers of the training and experience lawyers used to get when they began practicing. Continue Reading Junior Lawyers Going Extinct. I Disagree. Wait…I Agree

 

Why Is EY Willing to Invest $1 Billion to be Innovative? 

Sports Illustrated used to have a column entitled Sure Signs the Apocalypse is Upon Us which included references to often bizarre and ironic events. It was a favorite of mine since it was a satirical poke at the seriousness we take sports and a display of the humor of everyday existence.

Unfortunately (or perhaps fortunately depending on your perspective), the gradual and continual onslaught of the Big 4 accounting firms into traditional areas of legal practice and encroachment on law firm clientele seems destined to ultimately disrupt the practices of traditional law firms particularly at the mid-tier level. I have written about this before and while I and several others keep trying to suggest the Big 4 is coming, the message doesn’t seem to resonate. Continue Reading Sure Signs the Apocalypse (Big 4) Is Upon Us

Last year, while attending the Consumer Electronics Show, I wrote a piece on how technology  might end or substantially reduce the need for litigators. The idea was not that technology would do the job of lawyers-no robo lawyers please, although after hearing about IBM’s Project Debater, I’m not so sure-but that technology would end or reduce the number of disputes on which lawyers feed.

This year, I remain even more convinced that technology can reduce the number and the nature of disputes that exist because of its ability to record and/or flawlessly trace events. I am also starting to believe that the skill set future successful lawyers will need to have will be more technical in nature than ever before. Continue Reading Will Technology Mean the End of Lawyers?

 

 

One of the benefits from being a blogger and writer is opportunities to attend media events and look at products sooner than perhaps  others get to. One prime example of this is the Consumer Electronics Show that is going on this week. CES, as it likes to be called, is one of the biggest trade shows and occupies almost all of Las Vegas for the better part of a week. It boasts 4500 exhibitors and some 185,000 attendees. So it can be kind of daunting.

I’ve been coming now for several years and one reason I like it is that it’s outside the LegalTech realm. Different ways of thinking and talking about tech from legal that is refreshing and thought provoking. Continue Reading CES 2019 Day 1: Unveiled, Catalyst and, Yes, LexisNexis