The Point This week a strategy consultant sought my advice about engaging counsel on the legal implications of a project. I explained that her project was in an area where governing law was relatively straightforward. Though attorneys need to do lots of expensive work to address some situations, this project…
The Point Why don’t law firms use a software-enabled platform to automate transaction processes that attorneys typically carry out themselves? For less cost, with more accuracy, and faster than those attorneys can do manually? Last month Gartner analyst Ron Friedmann put the question this way: “Over the last 5-7 years,…
The Point From Radiant Law Founder Alex Hamilton’s brief interview video contained within LexisNexis’ lengthy new report, Calling Time on the Billable Hour: “When we started Radiant, what was absolutely clear to us was that the incentives were all messed up within law firms … If you’ve worked … like…
The Point Many in the U.S. legal profession have long touted “pricing innovation”, promising corporate clients savings and cost certainty. As of 2022 these promises remain largely empty. Because in the U.S. corporate legal sector the billable hour continues to prevail. By a wide margin. So says the 2022 State…