Letter from Toronto

Most readers are familiar with our habit of writing a “letter from…” when we have spent some time in a particular market.  We spent last week in Toronto among other things delivering the keynote and moderating breakout sessions at the annual meeting of Interlex, an...

The Decline of Litigation? Part 3

At the outset of this series, I explicitly said that I am not implying that disputes in the world were declining,  just that revenue to law firms from the litigation practice would decline. But it never hurts to ask. So again our good friends at Thomson Reuters said...

Question of the Month #4: Non-lawyer Ownership?

Our fourth question of the month. At this point, you know what to do. As always, please use the comments box to add thoughts, glosses, and, well, commentary. Is the prohibition against non-lawyers having an ownership interest in a law firm still a good idea? Yes, to...

The Decline of Litigation? Part 2

We haven’t talked yet about realization.  Shall we? The first time I saw this chart, it hit me between the eyes; your reaction may be similar.  In a nutshell: Even if litigation “demand” is more or less steady, what about revenue to law firms from that demand? In...

The Decline of Litigation?: Part 1

I’ve been thinking a lot lately about litigation. It’s been one of the two major locomotives driving revenue and profit for BigLaw for the past 50 years or so–the other being transactional or corporate work–and has customarily provided 25–60%...

My Kingdom for a Horse: The Psychology of Pricing

The following guest column is by Richard Hinwood, based in London. Richard is the Head of Strategy & Chief of Staff at Withers.  As Head of Strategy, Richard leads the formulation and implementation of firm-wide strategy and business planning across the...
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