View Article  Plus 3,000 Legal Firms To Go Bust?

Headline this evening in The Lawyer “Firms to go bust will top 3,000, says Mayson”.

 

TAKE NOTE.

 

Mayson is Professor Stepen Mayson, director of the College of Law’s new Legal Services Policy Institute, who is giving his inaugral speech tonight.

 

This warning echoes similar warnings made by Professor Mayson at a Law Society presentation I attended back in mid February on Alternative Business Structures under the Legal Services Act.  That night, he began his address by saying he was alarmed at the general “complacency” and “ignorance” within the profession about its future, based on his experience of talking to firms up and down the land.  His talk then still resonates.  So will his speech tonight.

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View Article  UK Legal Big Bang Delayed till 2010

When I collected my real world post this morning, I almost fell over when I read the main headline in Legal Week "Big Bang put on hold as Legal Services Bill delayed till 2010".  I was lost for words.  The implications of the delay will take time to consider, especially as many organisations have been gearing up for the earlier change.

Quoting briefly from the article, Bircham Dyson Bell public law partner Nick Brown told Legal Week: “I am surprised there is a delay. I cannot see it is necessary to take so long as there has been a lot of preparation for this legislation.”

One can only imagine the forces at work behind the scene.

The arrival of this story this morning on the timing of change in the legal world contrasts markedly with the constant theme of thousands of blog posts I have read in the last few weeks, which is the exponential change currently taking place in the world of new media and social tools.

The "Did You Know?" video from 2006 will be very different from the 2008 version and certainly very different from the 2010 version.  A change of UK government may also have something to say on the subject.

 

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View Article  UK Perspective by Tim Travers on Dennis Kennedy's Legal Technology Trends for 2007 (Short Version)

This a short version response to Dennis Kennedy's short version of his great article yesterday.

 

In Seven Legal Technology Trends for 2007 - Widening the Digital Divide in Law Practice, your expressions “technology-forward lawyers” and “technology-backward lawyers” are absolutely apposite and apply equally in the UK.  The current backdrop is simply the Legal Services Act once enacted later in 2007.  Which firms will embrace the opportunities for change and progress, and which will bury their heads in the sand?

 

Only last night, I attended a major event at The Law Society in London on “Alternative Business Structures” under the Act.  Professor Stephen Mayson, Director of the Legal Services Policy Institute, began his address by saying he was alarmed at the general “complacency” and “ignorance” within the profession about its future, based on his experience of talking to firms up and down the land.

 

If a law business is not using IT to gain at least some competitive advantage, it does beg the question what is the real purpose of having IT?  Technology in a law practice is surely more than just a simple utility like water and electricity?

 

1. Reacting ...   more »

View Article  Law Firms, Future Gazing and Internal Think Tanks

Having got going with my Blog during December and January by publishing my own content, in the last week or so, I have begun the process of trying to get into the discipline of commenting on the content of others.  This to me seems only fair.  As I will be delighted if my reflections are read by others, so it seems only fitting to give feedback in return for their interest in you.  The trick I now wish to learn is getting words from mind to page quickly and coherently as I read my news aggregator and while the thoughts are fresh in my head.  So here goes.

 

One of many great posts this week was Future Gazing from Rob Millard’s The Adventure of Strategy.  While the following may seem a little far-fetched, as Rob himself acknowledges, it does serve to challenge how existing law firms might get from where they are today to a point in the future where they are still in business and still doing well.  With the Clementi changes that the UK’s new Legal Services Act will bring when it come into force, all bets about the future are off, save ...   more »

View Article  Law Firm Alternative Business Structures / it is only a question of time

Legal Week headlines on its front page today with “Prowling banks move to take legal top 50 to stock market”.

 

This cannot come as any surprise.  Whatever lawyers may say officially if pressed to give their opinion, this was always going to happen.  Adopting a ...   more »

View Article  Kerma Partners / launch of new management consultancy for professional services firms

Today, a small item in The Lawyer’s Breaking News made me sit up and take note.  A new management ...   more »

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