W. Edwards Deming protege and marketing guru Jay Deragon (@jderagon) has posted an an authoritative review of the state of the law and its ripeness for disruption. https://lnkd.in/e2iy_-P A "soup to nuts" survey of why and how the status quo state of the legal service industry is crumbling at its foundation and what is being done about it.
Among many other evidences of change, Deragon notes:
Among many other evidences of change, Deragon notes:
Legal-project management is becoming increasingly common, especially in law firms working under alternative fee arrangements such as fixed or flat fees, cost limits, and success bonuses. Such cases require management of schedule, risk, and cost in a more rigorous and measured manner than firms have practiced in the past. Professor Larry Bridgesmith, of the Vanderbilt Law School, has developed an enterprise digital application, called Lean2Legal®, which enables project management, and all the participants, to effectively and efficiently apply the tools and techniques of lean thinking to legal practices. The client outcomes are faster, smarter and at lower cost.
Of course, the harbinger of change in law for almost twenty years has been Prof. Richard Susskind of Oxford Law who has stated:
The future of legal service will be a world of virtual courts, Internet-based global legal businesses, online document production, commoditized service, legal process outsourcing, and web-based simulated practice. Legal markets will be liberalized, with new jobs, and new employers, for lawyers.
Those who are creating this disruption (corporate clients, legal process outsourcers and legal tech startups) are benefiting greatly by the innovations they are bringing to law.
Those who resist are being swept out to sea by the tsunami.
Those who resist are being swept out to sea by the tsunami.