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Smart Read of the Week: A New Direction for Legal Insourcing?

2019-09-20T22:46:45+00:00

Smart Read of the Week: A New Direction for Legal Insourcing? Over at Law.com, Nicholas Bruch posits an interesting theory: the long term trends suggesting continued growth in corporate insourcing of legal work -- that is, hiring internally versus offloading work to outside counsel -- may not tell as complete a story as the trend [...]

Smart Read of the Week: A New Direction for Legal Insourcing?2019-09-20T22:46:45+00:00

Everybody Hurts: 5 Pain Points The Modern General Counsel Faces

2019-08-26T20:05:07+00:00

Everybody Hurts: 5 Pain Points The Modern General Counsel Faces Identifying the problems is the easy part, smart strategies to overcome them is what makes great leaders. My formative years were influenced heavily by Athens, Ga.-based rock band R.E.M. Fronted by the unmistakable Michael Stipe, R.E.M. got me through some ups and downs in [...]

Everybody Hurts: 5 Pain Points The Modern General Counsel Faces2019-08-26T20:05:07+00:00

Bodhala CEO Raj Goyle Speaks with Rhys Dipshan of LegalTech News

2017-09-22T20:34:31+00:00

Raj Goyle recently spoke with LegalTech News about data and AI in the shifting legal sphere. Attorneys have turned to artificial intelligence to reduce costs in tasks like e-discovery, contracts and due diligence. But more recently, AI has been getting to the heart of the matter, fueling legal spend analytics platforms that help law firms and legal departments better understand and change their spend habits. [...]

Bodhala CEO Raj Goyle Speaks with Rhys Dipshan of LegalTech News2017-09-22T20:34:31+00:00

Bodhala CEO Raj Goyle Sits Down With Above The Law

2017-06-13T02:22:06+00:00

Joe Borstein recently interviewed Raj Goyle at Above the Law about Bodhala and the evolving legal space.  Here is an excerpt: A complete lack of data hurts the legal profession and the market. Bodhala has used data in innovative ways –saving a client $1.2M per year by allocating its spend more efficiently, helping a major [...]

Bodhala CEO Raj Goyle Sits Down With Above The Law2017-06-13T02:22:06+00:00

The Emperor Has No Clothes – There Has Never Been A Better Time For Innovative Law Firms To Poach Work From the Elite Firms

2017-03-16T21:41:18+00:00

There has never been a better time for challenger law firms to take business from the most elite law firms. In talking to law firm leaders in the AmLaw 200, we find they often think that there is a slice of the market that does not feel competitive pressure.  This slice does not exist anymore. [...]

The Emperor Has No Clothes – There Has Never Been A Better Time For Innovative Law Firms To Poach Work From the Elite Firms2017-03-16T21:41:18+00:00

“It’s The Firms’ Fault”: GCs, You Can No Longer Rely on This Excuse For The Lack of Diversity In Your Outside Counsel

2017-03-01T22:34:08+00:00

Law firms remain painfully not diverse at the most senior levels, as we have discussed in a prior post. Despite decades of bar association statements, this pitiful state of affairs remains.  No one - whether in-house or outside counsel - has taken ownership to drive change, and consequently law has remained the the least diverse [...]

“It’s The Firms’ Fault”: GCs, You Can No Longer Rely on This Excuse For The Lack of Diversity In Your Outside Counsel2017-03-01T22:34:08+00:00

A Lesson From GE: You Can Get Fired for Sticking With That White Shoe Law Firm

2017-02-21T22:40:42+00:00

The legal profession historically had some of the most inelastic economics of any business in the world. People liked to stick with what they knew, even though what’s on the other side of the fence might have actually been greener, or just as green. Clinging to a false sense of security, when prices went up, people [...]

A Lesson From GE: You Can Get Fired for Sticking With That White Shoe Law Firm2017-02-21T22:40:42+00:00

Rate Card Theater: What Law Firms have Learned from Macy’s

2017-02-10T22:00:37+00:00

While sophisticated consumers of legal services would not equate purchasing legal services from top law firms with shopping at Macy’s and Marshall's, law firms are increasingly relying on a prized tactic of retailers: “retail theatre.” As most savvy shoppers know, retailers often give an item a very high “list price,” and then provide steep discounts [...]

Rate Card Theater: What Law Firms have Learned from Macy’s2017-02-10T22:00:37+00:00

Law Firm Discounts: If Everyone Gets One, Do they Really Exist?

2017-02-10T21:20:35+00:00

As we previously discussed, the changing business model of law has focused attention on certain key metrics that capture the economic pressures that legal providers face.  Now, we turn our attention to a metric -- discounts on law firm rates -- that is misleading as a signal of legal department efficiency.   Prior to the rise [...]

Law Firm Discounts: If Everyone Gets One, Do they Really Exist?2017-02-10T21:20:35+00:00

The Data-Driven Chief Justice: Rehnquist As The First Legal Operations Thinker

2017-01-28T13:19:32+00:00

“It is apparently common in some major New York firms to expect associates to bill in excess of two thousand hours per year, and the ratio of associates to partners in some law firms is increasing sharply” “Institutional loyalty appears to be in decline.  Partners in law firms have become increasingly “mobile,” feeling much freer [...]

The Data-Driven Chief Justice: Rehnquist As The First Legal Operations Thinker2017-01-28T13:19:32+00:00