Recently I wrote about the Law Factory debate from a structural perspective. I noted that in markets where there is no extrinsic “precipitating factor,” it’s common for entries serving the lower (commodity) end of the market to expand “up through the floorboards” to capture an increasing share of the overall market.
The market for law [...]
Ron Friedmann and Toby Brown, smart folks both of them, have a semi-debate going in print about the concept of law firms v. law factories. (I call it a semi-debate because they’re not entirely on opposite sides of the issue.) The premise for the debate is this:
Ron and I started discussing this question in [...]
(Note: Today’s article is a bit off my usual Legal Project Management beat.)
Ron Friedmann this morning presents an interesting way to look at outsourcing.
His most striking point, I think, is this:
Every law firm employee, in fact, works for an outsourcing organization. In-house counsel can “make” legal services or “buy” them from law [...]
Project managers should have a copy of the classic How to Lie With Statistics on their shelf.
Darrell Huff’s book is still relevant over 55 years later — and still a good (and quick!) read. Huff describes ways in which statistics — metrics, in today’s project management parlance — can mislead. More specifically, he [...]
Yesterday I noted Blockbuster’s unsurprising Chapter 11 filing, and pointed out some comparisons to our industry.
In response, a colleague reminded me of the recent US News interview with Indiana U. law professor William Henderson about the future of law. In it, he notes the same issue from a slightly different perspective:
Successful [BigLaw firms [...]
Sorry, I couldn’t resist the Variety-style headline. Blockbuster going bust is the stuff of which Variety is made.
Anyway, this morning Blockbuster filed for Chapter 11 bankruptcy and restructuring. I don’t mean to be snarky, but can anyone be surprised?
I’m viewing the story this morning through two lenses. One is that of DVD renter [...]
Here’s another observation from my recent road-trip vacation. It seems that the more expensive the hotel, the more likely they’ll charge for Internet access. We spent half the nights tent camping, half in hotels. Every single campground we stayed at offered free Internet access. So did the inexpensive hotels. The mid- upscale hotels all charged [...]
I’ve been out of town for a time on a family road trip, with the attendant lack of posts. We saw elk, coyote, hot bubbling water, and cold falling water (a/k/a a ferocious rainstorm) in Yellowstone, saw Mt. Rushmore/Crazy Horse, swam in the Great Salt Yucky Lake, got depressed by Reno, watched a bear bathe [...]
This article is part seven of a running series on the question How can you build a budget before you know the work involved?
I’ve covered five strategies likely to boost the success quotient: working in phases, using risk premiums, doing up-front analysis, turning the question around, and mining the wisdom of crowds.
Now I [...]
Every morning, somewhere between working out (physical health) and getting to work (fiscal health), I do a wide-ranging scan of what’s in the news and on the web (mental health). A few more items than usual this morning relate to areas I focus on.
A/B Testing Alternative Fees
Matt Hohman of LexThink and The [Non]Billable [...]