Jul14

Powering Out Of The Recession

Whether it is news of a transatlantic merger or the acquisition of major players in strategic markets, the past six months have revealed a handful of select law firms taking bold action in an attempt to power out of the recession and position them ...[Read More]

Published: Jul-14-10 | 0 Comments | 0 Links to this post

Jul02

Mergers Are Back

We released our quarterly MergerWatch report yesterday and it looks like merger activity is back on track. There were 10 mergers in the 2nd quarter, which is consistent with the second quarter activity in prior years. Of course we aren’t likel ...[Read More]

Published: Jul-02-10 | 0 Comments | 0 Links to this post

Jun23

Open Innovation

Last week in this blog, Mark suggested that we incorporate some new metrics for expenses. While some type of return on expense analysis may be important for firms to incorporate, there may be other considerations for evaluating efficiency in tod ...[Read More]

Published: Jun-23-10 | 11 Comments | 0 Links to this post

Jun17

What's Wrong with Leverage?

Leverage has gotten a bad name lately. Overleveraged banks and overleveraged law firms have both been blamed for causing problems in their respective industries. But leverage hasn’t always had such a negative connotation. One of the first lesson ...[Read More]

Published: Jun-17-10 | 0 Comments | 0 Links to this post

Jun15

Time to Re-think Expenses?

It is common for all businesses to cut costs during recessions. And the legal industry is no exception. The most recent analysis from the Peer Monitor Index has shown that firms remain unrelenting in their willingness to cut costs to ensure ov ...[Read More]

Published: Jun-15-10 | 0 Comments | 0 Links to this post

Jun09

Is Technology Strategic?

We recently had the opportunity to sit down with a group of about a dozen MPs, all representing mid-size law firms from around the country, to talk about their firm’s approach to technology. When presented with the question, “Does the cultural ...[Read More]

Published: Jun-09-10 | 3 Comments | 0 Links to this post

Jun07

How Can We Measure the Value of Strategic Leadership?

In a period of limited or no growth in the legal industry, the need for strategic leadership could not be greater. But, paradoxically, we may be in the weakest position ever to judge the value contributed by leaders to the firm. Many tradition ...[Read More]

Published: Jun-07-10 | 1 Comment | 0 Links to this post

Jun03

Brad Hildebrandt's Update on the Indian Legal Profession

I recently spent a week in India and I wanted to share my thoughts on the current state of law practice in country. As everyone knows the Indian Legal profession is closed to all non Indian law firms. It is interesting to note that about fo ...[Read More]

Published: Jun-03-10 | 0 Comments | 0 Links to this post

May28

Why a Seemingly Modest Demand Drop Hit the Industry So Hard

We’ve talked about the impact that the drop in demand for legal services had on the legal industry starting at the end of 2008. But when you look at the numbers they seem relatively modest. There are various numbers out there but generally the d ...[Read More]

Published: May-28-10 | 1 Comment | 0 Links to this post

May20

What Does “Demand” for Legal Services Really Mean?

As the broader economy stabilizes and slowly recovers, a great deal of attention has been focused in law around the issues of 1) whether the changes are permanent or temporary, and 2) how fast will “demand” return to “normal,” which some argue w ...[Read More]

Published: May-20-10 | 1 Comment | 0 Links to this post

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