The Modern Law Firm: How to Thrive in an Era of Rapid Technological Change PDF Download
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Author: Heinan Landa
Publisher:
ISBN: 9781734576412
Category : Business & Economics
Languages : en
Pages : 144
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Book Description
Not all law firms will survive the tumult headed their way.Over the past three decades, the legal industry has been turned upside down. Increasingly rapid advances in technology have radically changed everything about the way law firms operate-from attracting and retaining clients, to researching relevant case law, collaborating with colleagues, and filing documents. With competition coming not just from other traditional law firms but also from online legal services, it's more important than ever to differentiate your firm in a crowded marketplace. Yet the majority of firms continue down the path of "business as usual" despite the whirlwind of change roaring outside their windows.Will your firm be blindsided by the threats at hand and pay the price in lost business, lost talent, and lost revenue? Or will you face these threats head-on and learn how to turn them to your advantage so you can not just survive, but thrive?If you'd prefer the latter, this book is your comprehensive, actionable roadmap for navigating this new landscape. Let's dive in!
Author: Heinan Landa
Publisher:
ISBN: 9781734576412
Category : Business & Economics
Languages : en
Pages : 144
Get Book
Book Description
Not all law firms will survive the tumult headed their way.Over the past three decades, the legal industry has been turned upside down. Increasingly rapid advances in technology have radically changed everything about the way law firms operate-from attracting and retaining clients, to researching relevant case law, collaborating with colleagues, and filing documents. With competition coming not just from other traditional law firms but also from online legal services, it's more important than ever to differentiate your firm in a crowded marketplace. Yet the majority of firms continue down the path of "business as usual" despite the whirlwind of change roaring outside their windows.Will your firm be blindsided by the threats at hand and pay the price in lost business, lost talent, and lost revenue? Or will you face these threats head-on and learn how to turn them to your advantage so you can not just survive, but thrive?If you'd prefer the latter, this book is your comprehensive, actionable roadmap for navigating this new landscape. Let's dive in!
Author: Kimberly Williams
Publisher: Springer
ISBN: 331954523X
Category : Law
Languages : en
Pages : 142
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Book Description
This book explores the transformational impact of new technological developments on legal practice. More specifically, it addresses knowledge management, communication, and e-discovery related technologies, and helps readers develop the project management and data analysis skills needed to effectively navigate the current, and future, landscapes. It studies the impact of current trends on business practices, as well as the ethical, procedural, and evidentiary concerns involved. Introducing novel interactive technologies as well as traditional content, the book reflects expertise from across the legal industry, including practitioners, the bench, academia, and legal technology consultants. All of the contributing authors currently teach aspiring lawyers and/or paralegals and have identified a gap in the available instructional material. Rapid technology advances have radically changed the way we all live and work, and the legal profession is by no means exempt from the impact of these changes. In order to better assist their clients, and to better compete on the legal market, it is imperative for lawyers to understand the ethical, functional, and business consequences of new technologies on their respective practices. This book provides the necessary content by including legal technology texts, information about novel pedagogical technologies, helpful tools for managing legal technologies and IT staff, statistical methods, tips and checklists.
Author: MR. BIG WEALTH
Publisher: MR. BIG WEALTH
ISBN:
Category : Law
Languages : en
Pages : 59
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Book Description
"The Modern Lawyer in America: A Comprehensive Guide to Roles, Responsibilities, and Strategies in 2023" is an indispensable resource for legal professionals navigating the ever-evolving landscape of the legal industry. This comprehensive guide offers valuable insights into the roles and responsibilities of modern lawyers, equipping them with the knowledge and strategies needed to thrive in the year 2023. From emerging technologies to changing client expectations, this guide addresses the key trends and challenges shaping the legal profession, providing practical advice and expert analysis to help lawyers stay ahead of the curve. Whether you're a seasoned attorney or a law student preparing for the future, this guide is your go-to source for staying informed, adapting to new realities, and achieving success in the legal field.
Author: Chirstopher L. Meazell
Publisher: Aspen Publishing
ISBN: 1543841384
Category : Law
Languages : en
Pages : 224
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Book Description
The contemporary law practice has fundamentally changed. There has been a power shift from law firms to clients due to economic shifts, the impact of technology, and a leveling of information and metrics. Client focus, understanding, and service are more important than ever. It is clear that recent law graduates need to have an astute comprehension of business fundamentals and appreciation of the business drivers underpinning the practice of law. The Business of Contemporary Law Practices provides students—and practicing attorneys—a solid foundation for understanding, adapting to, and thriving in the world of private or in-house law practice. From business development to human resources to technological platforms, this book will simultaneously build a baseline business-world fluency and inform any reader of the various law firm and non-traditional legal environments many will find themselves in. Professors and students will benefit from: Historical backdrop and orientation to the modern context for the private practice of law Introductory business information including essential vocabulary and financial statement fundamentals An in-depth examination of private practice and in-house legal departments Discussion of emerging business models and technology Enough high-level information to gain an appreciation for unfamiliar subject matter with opportunities for more immersive experience in particular areas of professor expertise and student interest.
Author: Alex Davies
Publisher: Ark Company
ISBN: 9781783583867
Category : Law
Languages : en
Pages : 98
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Book Description
With barely a week going by without news that yet another chief innovation officer has taken up residence in a global law firm, it's clear innovation is still a hot topic, continuing to grow and expand in terms of its reach within law firms. However, despite rapid advancement in recent years, it's generally acknowledged that legal is behind the curve in terms of innovation compared to the rest of the corporate world. It's also generally assumed that innovation relates purely to technology - meaning none but the largest companies with the deepest pockets can benefit from it. This insightful book features contributions from legal firms doing innovative things in all aspects of the fi eld, going beyond the enabling technology - from partnering with clients to productizing services, developing external alliances, transforming the talent management function, to encouraging lawyers to invest billable time in new innovative approaches to the business and practice of law - as well as approaches to dealing with market disruption itself.
Author: Michele DeStefano
Publisher: Stämpfli Verlag
ISBN: 9783727210433
Category : Political Science
Languages : en
Pages : 0
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Book Description
"Time to Leave Law-Law Land ... and Head Back Into the Jungle" Fuelled by advancing technology, new business models, and altered client expectations, the legal industry faces unprecedented change across its entire value chain. Unfortunately, many legal professionals fear the technology train and the convergence of other fields with law. They see legaltech, AI, and bots like "lions and tigers and bears oh my." We (the curators and authors of this book) see opportunity. Although the future may require us to put on "new suits"—it represents an enormous opportunity for lawyers to reinvent ourselves for our own and our clients' benefit. Filled with chapters written by experts in the intersection of law, innovation, and technology, this book provides a global perspective on the diverse legal service delivery ecosystem that will be our future. It provides chapter upon chapter (reason upon reason) explaining why lawyers can and should increase their appetite for disruption in the legal world. So welcome to the jungle and enjoy the ride as we attempt to systematically map the uncharted waters of the future legal realm and simultaneously inspire you to build a new future in law. Endorsements "The 'Artist Formerly Known as the Legal Profession' isn't what it used to be. You think that you know law firms and the challenges that confront lawyers, but you don't. Legal services providers have spent years resisting change, and now seem determined to pack fifty- or sixty-years of evolution into five. The entire legal services market has been transformed by LegalTech, globalization, and new delivery models – and until now there has been no guide to the way that consumers can benefit and providers can profit from the changes. Guenther and Michele have gathered a Who's Who of thinkers to provide a marvellous range of visions of the way that law is changing. They provide a roadmap for the future of law – if only you'll follow it." Professor Dan Hunter PhD FAAL, Foundation Dean, Swinburne Law School "'Nomen est omen' if you read the book title of 'New Suits'. It encourages, allows and requests lawyers at all levels to rethink their former and existing ways of doing business in many areas of law. In the same, it outlines great opportunities to a new breed of experts in our profession. Thanks to the various authors, one gets a good understanding of how massive the impact of technology has become – and is going to be - to the legal services market. And the authors provide a distinct view of how a rather traditional profession will have to transform their business models to comply with the fast changes in the marketplace." Jürg Birri, Partner / Global Head of KPMG's Legal "For a while now, we have been hearing about digitization, disruption and new delivery models in the world of Big Law. "New Suits" both reassures and gives a wake-up call to all of us in the business of providing legal services. Setting out both the opportunities and the threats engendered by the dynamic change in our industry, the book is an invaluable guide to all lawyers and legal business professionals wanting some insight on the challenges facing them in a globalized and accelerating world." Dr Mattias Lichtblau, CMS "This book comes at a time where we see just the beginning of a transformational change on the legal market. While such transformation is seen as a great opportunity for those participants who endorse change and innovations, others seem to be more frightened by potential disruption of their well-established business models. The structure and comprehensive contributor listing for this book encapsulates many disparate challenges faced by almost all players on the market. The lecture of the book should give good guidance to anyone who is interested in how the legal profession is (finally) modernizing, capitalizing on technology trends and becoming more client-centric.
Author: Jens P. Flanding
Publisher: Emerald Group Publishing
ISBN: 1787694658
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Digital-era technologies lead organizations to become technology takers, the equivalent of economic 'price takers'.To be a technology taker is to assent to the behavior transforming benefits of modern technologies. This playbook offers technology takers tactics to manage change, create value, and exploit the digital era's strategic opportunities.
Author: James E. Moliterno
Publisher: Oxford University Press
ISBN: 019939914X
Category : Law
Languages : en
Pages : 272
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Book Description
Throughout history, the American legal profession has tried to hold tight to its identity by retreating into its traditional values and structure during times of self-perceived crisis. The American Legal Profession in Crisis: Resistance and Responses to Change analyzes the efforts of the legal profession to protect and maintain the status quo even as the world around it changed. Author James E. Moliterno, consistently argues that the profession has resisted societal change and sought to ban or discourage new models of legal representation created by such change. In response to every crisis, lawyers asked: "How can we stay even more 'the same' than we already are?" The legal profession has been an unwilling, capitulating entity to any transformation wrought by the overwhelming tide of change. Only when the shifts in society, culture, technology, economics, and globalization could no longer be denied did the legal profession make any proactive changes that would preserve status quo. This book demonstrates how the profession has held to its anachronistic ways at key crisis points in US history: Watergate, communist infiltration, waves of immigration, the explosion of litigation, and the current economic crisis that blends with dramatic changes in technology, communications, and globalization. Ultimately, Moliterno urges the profession to look outward and forward to find in society and culture the causes and connections with these periodic crises. Doing so would allow the profession to grow with the society, solve problems with, rather than against, the flow of society, and be more attuned to the very society the profession claims to serve. This paperback version includes a commentary on the prevailing crisis in legal education.
Author: Marc Galanter
Publisher: Cornell University Press
ISBN: 9780226278773
Category : Law
Languages : en
Pages : 226
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Book Description
Tournament of Lawyers traces in detail the rise of one hundred of the nation's top firms in order to diagnose the health of the business of American law. Galanter and Palay demonstrate that much of the large firm's organizational success stems from its ability to blend the talents of experienced partners with those of energetic junior lawyers driven by a powerful incentive—the race to win "the promotion-to-partner tournament." This calmly reasoned study reveals, however, that the very causes of the spiraling growth of the large law firm may lead to its undoing. "Galanter and Palay pose questions and offer some answers which are certain to change the way big firm practice is regarded. To describe their work as challenging is something of an understatement: they at times delight, stimulate, frustrate and even depress the reader, but they never disappoint. Tournament of Lawyers is essential to the understanding of the business of the big law firms."—Jean and Colin Fergus, New York Law Journal
Author: Robert Armstrong
Publisher:
ISBN: 9781534703292
Category :
Languages : en
Pages : 106
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Book Description
Running a successful law practice means wearing two hats. Your clients are counting on you to be an expert in your area of law. At the same time, you have all the demands of running a small business - something many of us didn't fully anticipate when we graduated from law school. Our legal education gave us the foundation we needed to become excellent legal practitioners, but few of us have the training necessary to build a successful business. The result is that we work as hard as we can to do excellent legal work, and we wonder why that doesn't result in a growing, thriving legal enterprise. So, we spend more time at the office being the best lawyers we can be, until our family and personal lives suffer and we start to lose our passion for the law. The truth is, you can create a legal business that is not only growing but is highly profitable, and you can do it while taking time to enjoy life outside the office. The American Academy of Estate Planning Attorneys figured out how to do it more than two decades ago. Since then, we've helped hundreds of attorneys nationwide to transform their practices and their lives. Our secret is simple. Systems. Believe it or not, most law firms have very few intentional systems. They have no unique way of operating, no overall firm brand. Without systems, it is difficult for them to be consistent in the services they provide. Academy law firms are different. We have developed 11 Systems to support deep, lasting client relationships - many of them spanning multiple generations. Our Members have used these systems to transform their law firms into practices they love.
