Category: Legal Innovation Blog

Last week Jerome Kowalski published an interesting article with the title “Are Law Firms Going to be Replaced By Internet Based Providers of Legal Services?”, a question that received, if not an answer, at least an indication of the coming developments,[…]

In the latest issue of the International In-house Counsel Journal a paper by VQ founders Helena Hallgarn and Ann Björk has been published on the topic The Digital Associate of Law Firms and the Benefits for In-house Counsel. In this paper[…]

In a recent research conducted by OMC Partners and commissioned by Practical Law Company (PLC), it has been revealed that “a law firm’s approach to knowledge management has a significant impact on the overall cost of matter delivery”. A report[…]

In a recent article in New York Times, “At Well-Paying Law Firms, a Low-Paid Corner” by Catherine Rampell, it is described how two law firms (Orrick and WilmerHale) have created so-called “permanent associate” positions that make much less money and have no[…]

Much is said about the importance for law firms to nurture their clients and to focus on building strong client relationships. But in reality, how successful are law firms on taking care of their clients? This subject has been addressed[…]

Does law firm size matter when it comes to technology solutions and knowledge management benefits? No, has been the conclusion in two recent articles that both challenge common assumptions in this area, although with different starting points. Eric Hunter, Director[…]

Twice a year, Robert W. Denny of Robert Denny Associates Inc., provides a report on “What’s Hot and What’s Not in the Legal Profession”. In a recent article in The Legal Intelligencer Robert W. Denny makes a special update on the current ongoing[…]

Since the credit crunch the buzz words for law firms have been “alternative fee arrangements” and “value added pricing”, but still the billable hour is holding strong, even though it so obviously leads to inefficiencies and does not prevail in[…]

JD Supra has made a year in review report for 2010 summarising the thoughts reflecting back on 2010 and ahead for 2011 by a number of well-reputable legal professionals. The report is well worth reading in full and consists of a diverse[…]

At Legal Tech in New York the futurist Michael Rogers presented some visionary ideas of the changing technical landscape which also will change the future role of lawyers. He described this new era as the era of virtualization, which could[…]

VQ has spent three exciting and inspiring days at LegalTech New York acquiring a lot of new insights and ideas as well as an overview of new legal market trends and technical solutions. Here are some of our thoughts from[…]

In the latest issue of Managing Partner Magazine Virtual Intelligence VQ suggests that law firms which change their views of KM can reduce their dependence on junior associates. In the article VQ discuss how KM can be used to support[…]

In his September Newsletter Nick Jarrett-Kerr tackles the imperatives of deliberate strategic planning  – not allowing the firm to meander on, in the way it has always done, but instead applying a process to make the best use of the[…]

In the light of the Legal Services Act and the current outsourcing trend (LPO) two different approaches to the definition of legal services has arisen. On the one end is the “reserved legal activities,” which are exclusive to lawyers, and[…]

Colin Cameron, President of Profit for Partners, shares his thoughts on this important concept and refers to the KM experts Virtual Intelligence VQ. Below are some extracts from Colin Cameron’s article “The Link Between Knowledge Management and Profitability”. You can[…]

In the article “Curbing those long, lucrative hours” in the latest issue of the Economist the billable hour is said to be “not dead, but many people would like to kill it”. “More and more firms’ in-house lawyers, who typically hire and[…]

In the latest issue of Managing Partner Magazine (July/August 2010, Volume 12 Issue 12, www.mpmagazine.com) there are some interesting articles on the trends in legal spend and pricing management, which clearly points out the swung of balance of power towards the[…]

Holly G. Green has in her recent post ‘Time for an Assumption Inventory?’questioned the common statement that the only sustainable competitive advantage may be the ability to learn faster than your competitors. Instead Holly G. Green argues that “The ability for[…]

The IBM 2010 Global CEO Study reveals that competency in creative leadership leads the list for standout CEOs. Connie Harryman has further analyzed the Study in the Front End of Innovation blog post ‘Creativity is the new style of leadership’ . “Creativity is more[…]

Thanks to Susan Letterman White of Letterman White Consulting, the interesting series of articles about innovative managing partners that Law360 has been running were brought to our attention, especially the article about K&L Gates’ Managing Partner Peter Kalis. Riding the cutting edge[…]