THE CHANGE AGENDA
The American Lawyer has been tracking the earthquakes that have been reconstructing large firms for about a year now. Editor Aric Press, in a recent update on the Am Law Daily, notes that not all expectations have materialized: outside investors aren't quite breaking down law firm doors, and "the transformational technology remains a slow-gestating messiah"; but "there are plenty of disparate events that support the observation that this business change is more than just a sideshow."
Among the signs: Half of the TAL's "A-List" firms have started alternative fee arrangements with important clients (e.g., Pfizer, Citibank). "If Microsoft could chop K&L Gates and Sullivan & Cromwell from its preferred provider list, what client-firm relationship is inviolate?" Press asks.
And more firms are exploring legal process outsourcing, be it to Bangalore or Bangor. Firms may want to heed the advice of Microsoft GC Brad Smith: "Work on process improvement. That's the holy grail for us."
As Press observes: "Think of it this way: Why is it that law firms are the only businesses in which increasing productivity is a measure of how many more hours a lawyer bills rather than how more efficient she has become?" Read more on the Am Law Daily here. And check out TAL's 2009 Law Firm Leaders Survey here.
December 5, 2009 in Law Firm Management, News & Analysis, Technology | Permalink | Comments (0) | TrackBack
BACK TO THE FUTURE
It's official! We're "back to the future," reclaiming our ALM moniker, and parting ways with Incisive Media. Our CEO/President Bill Pollak writes about it on his Bill's Blog here. Press releases from ALM can be found here and from Incisive UK, here.
Says Pollak (left): "For those who have been with the company for a while, this
will feel a bit like "back to the future". For 10 years, from 1997 to
2007, we were an independent company owned directly by a private equity
fund (Wasserstein & Co.). And here we are, once again an
independent company owned directly by a private equity fund (Apax). We
were successful in the last go round, and I have no doubt that we will
succeed in this one as well."
If the karma godz are good to me, I will hit my 25th anniversary with this company on Feb 5, 2010 -- and this is my sixth ownership regime. Personally, at the risk of sounding like an insulin-inducing über cheerleader, I genuinely love this place, and the entrepreneurial spirit and passion for first-class journalism that has remained its core since my cub reporter days at The Recorder under the leadership of the late George McDonald.
Over the last 24 years, we've been blessed with teams of smart, determined, fearless, charismatic, and occasionally-exasperating leaders — who each brought his or her unique vision to this organization and helped shape its evolution. No one of them is or was perfect; we have had our successes and disappointments over the years (I'm still smarting that Law Firm Inc. never quite gained critical mass). But through all the changes and personalities, ALM (née American Lawyer Media) has remained an environment that offers merit-based opportunities to excel individually while we collectively strive to creatively serve our audience with the best possible journalism, live programs, books, tradeshows, research, pro bono contributions, etc., etc., etc.
And we always have operated with a fierce determination that those opportunities are open to everyone, no matter gender, age, religion, physical disabilities, or the color of our skin. (We're even nice to Red Sox fans.) I am proud — and grateful — to work here.
Oh yeah: And I'm really, really happy that I can go back to mbay@alm.com. Goodbye m-o-n-i-c-a-.b-a-y-@-i-n-c-i-s-i-v-e-m-e-d-i-a-.-c-o-m.
Congrats to Bill and the entire management team.
Onward.
September 10, 2009 in News & Analysis | Permalink | Comments (1) | TrackBack
STRANGE TIMES: 2009 SOCHA GELBMANN REPORT
In their annual exclusive report for Law Technology News, consultants George Socha & Tom Gelbmann do away with their traditional vendor rankings and instead offer analysis of a turbulent e-discovery year.
Among their conclusions: a seemingly contradictory trend, the simultaneous constriction and expansion of e-discovery services; and a continuing shortfall in qualified EDD staff attorneys, paralegals and litigation support IT staff.
Read it here.
August 3, 2009 in News & Analysis, Tech Turbulence (Economy) | Permalink | Comments (0) | TrackBack
NEW IS OLD AGAIN
Sorry, Baltimore, we got Tex & we ain't givin' him back. Even if he got jussssst a little bit
spooked by the "welcome" booooos he got on opening day at Camden.
Now usually when the Yanks meet up with the O's in Maryland, there's about 65% Yankee fans in the stands
(I suspect most from New Jersey because it's so easy to get to from the Garden State, and Camden is so economical and family friendly.)
But not on Opening Day. It was more like 10%. To be honest, it's the first time I've felt juuuuussst a little intimidated in the friendly confines of Camden. The hostility to our newbie Tex rivaled that of the pissed off Yankee fans chanting "Who's Your Daddy" to Pedro Martinez in 2004 postgames, the noise level so intense that the Stadium literally shook.
But anyway..... it was big fun, even tho we got clobbered. My colleague Jai Wallace and I are sending huge thanks to our guests, the delightful Mary Ellen Belusci, Yankees fan Joe Zanta, and Scott Bogash of Needles; and Yvonne Dornic of eSentio Technologies and her finace Jim Rhodes, and Red Sox fan David Horrigan of Covington & Burling. Yvonne and Jim helped me recover from the trauma with a nightcap at their amazing restaurant, Ze Mean Bean in Fells Point.
I'm hoping tonight's game has a much happier ending for the New Yorkers. Should be interesting, as my O's rep Matt Dougherty notes: It's the Far East match-up, with Taiwan's Chien Ming Wang facing the O's new addition, Koji Uehara -- former ace of the Yomiuri Giants-- in his major league debut. And Thursday I get the pleasure of spending time with Cataphora's fascinating Susannah Smith, and Kelly Klyn, litigation technology specialist for Goodwin Procter. Can't wait!
I'm also LOVING the brand new Baltimore Hilton -- Check out the view from my room! It is literally yards from Camden, and gorgeous. But I must admit has a kinda odd color palette -- but it works: tangerine, gold, cobalt blue and lime green. So much better than 2008's obsession with chocolate and aqua (Yes, yes, yes, I watch way too much HGTV.)
Tuesday was an off day so we headed down to DC to visit with Robert Erich Jr. of Select Associates. We had a terrific conversation about how the economy is affecting the time/billing/acctg vendors -- Erich noted that his company's star* collect product has seen quite a spike in sales in recent months. Select Associates, says Erich, specializes in a variety of add-on software that integrates with Elite, Aderant, and other T&B/A software that targets the top AmLaw firms, he explained, including data warehousing and business intelligence tools. One of the newest offerings star* targetCash which helps firms project cash flow.
I suspect that interest in these types of products will most definitely continue to jump as purse strings tighten throughout the legal industry.
Tuesday night, we had the pleasure of joining Sally Gonzalez (Baker Robbins & Co.) and Stan Wasylyk (Michael Farrell Group) for a boisterous dinner at the Hard Times Cafe in Alexandria. Years and years ago, when I was vice-chair of the ABA's Law Student Division, we had a ton of meetings in D.C. and made regular pilgrimages to the HTC. It's a lot of fun, and it was great to return, although I probably ate more carbs in one sitting than I normally eat in a month.
Sally and I can bore anyone to death when you get us talking about our adventures on United Airlines. Sally's in the coveted rareified air of Global Services -- so elite that they don't even publicize it or tell you what the membership requirements are -- but it pretty much boils down to flying overseas a lot. Sally was based in London for a long stint, and also frequently visits clients in Switzerland, so she has that elusive BLACK Mileage Plus card that the rest of us mere mortals drool over. I hope we didn't drive our companions toooo nuts but we sure had a good time comparing road warrior stories.
(Btw: this could be a very interesting year for road warriors because so many of us will probably drop at last one level in the elite tiers because so many firms/companies are reducing travel.)
So... two more days in the wonderful Inner Harbor before I head back to NYC. Of course I save the best for last.... thanks to a dear friend who is a Cubs season ticket holder I actually got tix for last Saturday's Cubs/Yanks Exhibition game at the New Stadium.
OMG, it totally takes your breath away. It's just magnificent. But the strangest thing about it is that once you are inside, in your seats, it's almost Twilight Zone Deja Vu -- because it FEELS like the old Stadium. Even the FTI ad is in its proper place. The new video screen is awesome, and the Batter's Eye is now a restaurant, but the subway still screams right by the Short Porch, the Bleacher Creatures still do roll call, and it just feels great. Only the courthouse is missing from the tableau, because of the slight change in real estate.
And making the day even more touching: the first pitch was thrown out by Captain Sully, and the USAir 1549 skyboat crew! (He was joined by the first officer Jeff Skiles and chief flight attendant Doreen Welsh.)
Saturday, Cano christened the Stadium with its first home run, and Tex got back-to-back homers! (Jeter got the Stadium's first hit Friday night.) Joining me at the day game was the fabulous consultant Brad Blickstein, of Chicago's The Blickstein Group (above left), who took most of the photos on this page, and two terrific marketing dudes from Deloitte: Alan Numsuwan and Michael Rachlin. (We had a great conversation about off-shoring e-discovery and the impact of the economy on outsourcing.)
Two things da Yankees gotta do: 1) Get Sweet Lou (who got a standing ovation from the crowd during the Saturday game) to give us another one of his bats to sit on top of the center field flag pole, so we can see the wind direction (Mattingly took the original from the old stadium) and 2) they HAVE to install those nylon rope bank-line things to control the concessions line from blocking traffic all the way across the huge broad concourse.
But no complaints. It's wonderful. It's awesome. Even the birds are already finding their niches. And yes, no question about it, Aura & Mystique and the other ghosts have cheerfully crossed the street. Welcome home.
April 8, 2009 in Baseball / Yankees, Distractions :), News & Analysis, People, Social Networking, Tech Turbulence (Economy) , Technology, Travel | Permalink | Comments (4) | TrackBack
NO EXCUSES
Don't expect to go into a courtroom and plead computer illiteracy, warns Joseph Howie, in LTN's March cover story.
Increasingly, judges simply won't take that as an excuse to dodge e-discovery. Howie follows up on some of the themes of U.S. Magistrate Judge John Facciola's LegalTech New York keynote presentation, including the suggestion that it may be time to require all lawyers to be tested for technology competence.
And in the same issue, the community offers support to its pink-slipped sisters and brothers. Find good advice here.
March 3, 2009 in News & Analysis | Permalink | Comments (0) | TrackBack
ATTACK PANIC!
As we all reel with the spiraling economy, Topic A is how to dodge a pink slip.
In Law Technology News' February issue, in the article, “Staying Afloat,” article, IT leaders offer astute advice:
* Matt Kesner, CIO of Fenwick & West, says everybody should take on as many new duties as they possible, and “prove every day that you are worth employing.”
* Says Kraft Kennedy’s CTO Marcus Bluestein: “It’s easier to let a name go than a face,” so work on building your relationships with attorneys!
* Concurs Henry Chase, CIO of Burns & Levinson: “Show your worth. Share your knowledge. Stay on top of technology.”
February 23, 2009 in Law Firm Management, News & Analysis, People, Technology | Permalink | Comments (0) | TrackBack
FRIDAY THE 13TH
Bad news, better news:
1. 800 law firm jobs were lost yesterday (maybe they did it yesterday rather than today to avoid Jason's wrath?) http://tinyurl.com/ltn213 (The Recorder).
2. Horrible news from Buffalo, Continental commuter plane down, all lost -- stunning photos on The New York Times' website. Adding to the misery, the flight originated in Newark, N.J., second plane incident from our area in a few weeks, and sadly this one with no miracle ending. 50 dead, including someone in the house that the plane hit.
On a MUCH happier note:
1. Terrific article by @pogue (David Pogue) in the New York Times about Twitter http://tinyurl.com/tcs213 (image courtesy of the NYT.)
2. Yesterday was not just Honest Abe's birthday, but the 200th anniversary of the birth of one of my idols (No, not Joe Torre - but I did just buy his audiobook and plan to listen to it over the long weekend) - but Darwin.
3. My colleague Jill Windwer found this hysterical "tech" rant by George Carlin. Love the jargon!
4. Another colleague, Anthony Paonita, editor-in-chief of Corporate Counsel magazine, will discuss its new Technology Survey via webinar on 2/19 at 1 EST: Registration info here.
Update: Mark Reichenbach checks in, to advise me to "Forget Friday the 13th. Forget Valentines Day. Today is soooo much more: Using UNIX or POSIX time, at 6:31:30 seconds EST PM today, it will be 1234567890. Numerologists and Unix freaks will be having parties all around the world." He blogged about it here.
And I did forget about Valentines Day.. so a shout-out to all of us who don't have sweeties to celebrate with, including my mom... it's her first VD without Daddyo. May past and future joys buffer the bittersweet day. As an old friend once said, "You never know, when you wake up in the morning, what will happen that day."
May tomorrow bring us all new possibilities for unexpected delights.
February 13, 2009 in News & Analysis, People, Social Networking, Travel, Weblogs | Permalink | Comments (1) | TrackBack
WHAT LIES BENEATH
With the news of layoffs at two EDD providers (i365/Metalincs and SPi), I thought you might want a sneak preview of Craig Ball's column "What Lies Beneath."
Ball warns us to be sure we have considered how to protect our firms and clients should a vendor evaporate.
View it here or download it here: Download Ball_In_Your_Court
January 26, 2009 in Breaking News, Darwin Watch, EDD: E-Discovery, News & Analysis | Permalink | Comments (2) | TrackBack
MAILBAG #010209
* Kevin O'Keefe checks in to advise us that he has just launched beta of lextweet.com. Sez he is "changing text Friday to make clear it is open to all legal community, not just lawyers." Kinda a mini-Twitter, interesting!
* Ross Kodner offers 33 New Year's resolutions here. His # 1 prediction: at least 10% of AmLaw 100 firms will collapse by year's end. "The era of the megafirm is over. Heller Ehrman and Thelen are history. Who’s next? (Take a look at these websites - it’s positively chilling - when Goliath falls, he falls hard."
* Related topic: "Will BigLaw firms gain -- or lose-- business in tough economic times? Integreon's Ron Friedman has an interesting dialogue going on his blog, PrismLegal, here. (Hat tip to WP.)
* Turbulent skies: A holiday message from United's pilots:
December 16, 2008
To our passengers,
As the Holiday Season approaches, the professional pilots of United Airlines want to assure our passengers that whether you are headed home to share the holidays with loved ones or enjoying vacation travel, we'll continue to go the extra mile to make sure that you get to your destinations in comfort with minimum stress and inconvenience.
We are very much aware that the friendly skies have become less friendly in recent times because of increased costs, reduced flights and cutbacks in in-flight service and amenities. We have been at the forefront when it comes to resisting these cost-cutting initiatives because we do not believe that our passengers should be penalized for the mistakes of United's management. We still feel that way and are still fighting the fight on behalf of our passengers.
As we get into the winter months, we want you to know that United is an all-weather airline. United pilots pioneered many of the safety innovations such as onboard weather radar, anti-skid brakes, enhanced weather forecasting, and improved navigation instruments that allow safe operation in inclement weather. And we will not allow our airline to fabricate excuses for not serving the needs of our passengers.
On behalf of United's professional pilots, we want to extend our best wishes to all for a joyous Holiday Season. We will continue to do all that we can to make the skies friendlier for our valued passengers who continue to be our number one priority.--The Pilots of United Airlines
United Chapter, Air Line Pilots Association
January 2, 2009 in Law Firm Management, News & Analysis, Social Networking, Technology, Travel | Permalink | Comments (0) | TrackBack
WALL STREET RAINING IT TALENT?
E-Week Careers suggests that the implosions on Wall Street may be excellent news for folks trying to hire top IT staff. They cite an article from Crain's:
Traditionally, Wall Street has been the tech industry's stiffest competition on the hiring front. Banks typically beat out tech firms because they offer bigger paychecks and better benefits ... Banks have been willing to pay $250,000 base salaries plus a bonus for top talent, said Michael Flannery, managing director of Redwood Partners, an executive search firm. "That made these people untouchable," he added. But the
changing landscape on Wall Street will help level the playing field.
Full E-Week Careers article here.
September 30, 2008 in News & Analysis | Permalink | Comments (0) | TrackBack














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