The Point The conventional law firm — to maximize revenue — bills client companies hundreds per hour for the work of recent law graduates who are not yet capable of doing legal work unsupervised. (See here, here, and here.) Accordingly, conventional business law firms — despite showcasing “innovation” specialists —…
The Point Last Friday, Bloomberg Law reported survey findings supporting the same conclusion I reached in a post two weeks ago: “While these results indicate that most respondents are using ALSPs [“alternative legal services providers”, or “law companies”], it’s interesting that they’re being used for a relatively small proportion of an…
The Point Too often, in-house law departments and law firms use licensed lawyers (Category #1 below) to perform routine, recurring tasks that an alternative legal services provider (ALSP) or law company (Category #2 below) could do more cheaply, faster, and with higher accuracy. CFOs and others in the C-suite should…
The Point Recently the Arizona Supreme Court granted Axiom Law authority to provide licensed lawyers and their legal advice directly to businesses that do not have a general counsel or other full-time attorney on their payroll. This matters because attorneys’ bar regulations in the U.S. (except in Washington, D.C.) have…
The Point Corporate law functions perennially experience chronic shortfalls between the capabilities they have and the ones they need. Meeting these shortfalls requires Legal capability increases at scale. But, as illustrated by Microsoft’s / Jason Barnwell’s experience described in Part I of this two-part series, most law firms resist cooperation …
The Point Corporate law functions perennially experience chronic shortfalls between the capabilities they have and the capabilities they need. Absent an unlimited budget that can simply add lawyers in response to each new legal and regulatory demand, Legal must increase its compliance capabilities at-scale just to keep up. In a…