FOL round-up - 8 April 2013

Welcome to the Future of Law (FOL) round-up. Your bulletin of FOL posts and news

Top posts

An excellent blog from the Huffington Post outlining the threats to law firms. The post asserts that for the individuals willing to adapt, there could be no better time to reform the law firm. Boutiques and virtual firms are only the beginning of profound changes to come. For the bulk of the work to be done, a new type of lawyer will evolve to do it.

The Lawyer examines how technology is an increasing part of legal practice and supports many aspects of the firms’ work. The post suggests a possible future for law firms involves partnerships with technology companies and content owners such as publishers.

Attorney at Work suggests that most law firms do not do enough to prepare associates for their eventual role as partners; rather, they encourage the skills and attributes that make them valuable in supporting roles, primarily legal skills. The post looks at the skills needed to sustain a successful career.

Legal Futures reviews a new app for legal practitioners from Legal Eye – a smart phone and tablet application that delivers the latest guidance on client care, compliance, risk management and training.

Philly.com discusses how law students at Drexel University will soon have the option of fast-tracking their degrees with a program that allows them to enter the workforce after two years of study instead of three. Is this the future for law students managing debt?

Lawyernomics If your law firm is already participating in social media, you may want to consider these 10 ways that your firm could already be benefiting.

News

The Lawyer: Pinsents has been appointed to undertake all of Balfour Beatty’s day-to-day legal work, including minor litigation, construction contracts, employment and property work. Meanwhile the company’s existing panel, which includes Allen & Overy, Berwin Leighton Paisner, Eversheds and Linklaters as well as Pinsents, will be brought in on a case-by-case basis for complex and business-critical work. An interesting look at how the relationship between in-house and law firms is changing.

Don’t forget our recent posts...

Future of Law roundtableLexisNexis is holding a roundtable on 10 April that will ask a group of leading practitioners and experts what they think the future of law will look like. The outcome will be reported on this blog, so watch this space. We will be tweeting live from the event – 5.30pm-7.00pm.

How to survive the changes to the litigation landscapeThe changes from the three regulatory revolutions will have a major impact on smaller litigation law firms that will not have the scale, human resources or financial resources to survive in this environment. However, a few small firms that understand and adapt to the new environment could thrive.

Partners must change or accept extinction!It’s not a Partner’s fault that they developed in the way they did or that the market has changed – that was the environment they “grew up” in. However, to survive and thrive tomorrow they must change today.

The Future of Law is committed law students who become committed lawyersAttorney General’s Student Pro Bono Awards at the House of Commons on Monday 25 March.

Search: it isn’t dead – it’s evolving at speedThe value to the user should be measured by the quality of the answer and the least amount of time and effort required to get it – even if that means that at some point the search itself becomes invisible.

How to get your strategy right: avoid Replicability and Repeatability!The best way that the empire of traditional law firms can fight back is through personal, individualized and specialized services that are difficult to imitate and which rely on reputation rather than referral and on personality rather than panels.

 

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