First published on the 6th of July 2018
How to be (even) more efficient
Lexoo CEO Daniel van Binsbergen spends a lot of time speaking with general counsel about their team structures and how best to procure external resources. In this Crafty Counsel video, he shares his top four tips on how in-house legal teams can become (even) more efficient.
Looking beyond the elite
Reacting to the GC Thought Leaders Experiment finding that the largest and most established law firms underperform on service quality, Bill Deckelman, General Counsel of a $25B company, explains why he’s moving work away from incumbent pedigree firms in favour of eager, more innovative law firms.
“My view isn’t that the top lawyers at these firms aren’t knowledgeable or that they don’t understand how to serve clients. It’s that they’re stretched thin, and can’t be as attentive to my (or any single GC’s) work as they used to be.”
Funding Circle legal chief on ensuring business growth
Martin Cook, General Counsel of Funding Circle, explains how general counsel can use their risk management and problem solving skills to contribute to their company’s commercial strategy, and how to make the greatest impact within their organisations.
6 in-house lawyers you should know
The FT profiled six regional GCs and senior in-house lawyers that are pioneering new approaches to delivering legal services. From driving the use of blockchain technologies, to lobbying to influence legislation and regulation, these role models are reshaping the image of in-house lawyers.
The business of law
Picking up the pace of legal delivery
Mark A. Cohen considers the speed of legal services delivery, and argues that the “sunset of the legal guild” provides an opportunity for legal professionals to use technology as a tool to better align the pace of legal delivery with business.
“Not only is the cost of legal services coming under intense scrutiny (even as law firms continue to raise rates and incoming associate salaries), but also the speed and efficiency of legal delivery is increasingly held to business—not legal—standards.”
The theory and data behind legal innovation
This slideshow looks at the hype around legal innovation, first laying the groundwork with innovation and adoption theory, then bringing in data and perspectives from outside of legal. Transformation and adoption takes time, but this is not a unique challenge to the legal industry.
Keeping up with KM, AI, and Legal Tech
With knowledge management, AI and legal tech moving so quickly these days, what is the best way to keep up with the latest developments? Ron Friedman, an expert in law practice management, has put together this list of recommendations.
Cutting costs with legal ops
Four general counsel, including GC of legal operations at Walmart, discuss their strategies for reducing cost through legal operations at the Association of Corporate Counsel’s Legal Operations Conference, from driving cultural change, to outsourcing and implementing a contract management system.
How to set up a knowledge management system
Emily Colantino, Director of Knowledge Management at Baker McKenzie, and Steve Harmon, VP and Deputy GC at Cisco, led a panel discussion at the 2018 CLOC Conference on how to implement a knowledge management system. Here are 5 steps on how to get started.
What is legal operations?
Legal operations means running in-house legal like a business, focusing on competencies like financial management, analytics and service design to make legal efficient, effective and fit for the modern business. To learn more, check out this handy guide put together by our friends at Juro.
What is Lexoo?
Our data-driven marketplace allows in-house lawyers to rapidly identify boutique firms from a global, trusted network. Our clients compare and hire lawyers who bid competitively for their work by submitting fixed fee quotes. This model means that our lawyers are incentivised to work as efficiently as possible, and our clients enjoy certainty and transparency on costs. Using our proprietary algorithm, we match our lawyers to the client and the job spec, eliminating the stress typically associated with finding and instructing an appropriate lawyer.