Excoriating Article on Lack of #biglaw Innovation
June 09, 2015
I’ve worked in BigLaw, in-house and in NewLaw and am all too aware of the need for change in the legal profession and I love a bit of controversy. This article is both pretty damming in the topic of lack of innovation in the legal world (at one point comparing the profession to the hated tobacco industry) and calls for true disruption to make the changes desperately needed. See, too, the comment that says this article should have been published on April Fool’s Day!
Law firm partners….have an enviable freedom and an almost cast-iron ticket to great lifelong earnings as long as they are good at what they do and manage their careers appropriately. In-house, you are always working for someone else who is more important than you, while in private practice you never need be. External threats – the accountants, principally – are like e-cigs: great in theory, but no substitute for the real thing, red in tooth, claw and litigation department. And technology? Well, not to rain on your silicon parade mate, but the technology to warp, destroy and remake the legal profession has been around for years. And yet the number of lawyers hasn’t been reduced, the cost of Big Law services has only increased and the use of so-called Big Data by law firms seems to be non-existent.
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