law firm

HIGHLIGHTS (and VIDEO!) of the Approaches to Legal Innovation Panel

HIGHLIGHTS (and VIDEO!) of the Approaches to Legal Innovation Panel

On April 3, 2019, Nimble held its 7th Forum: the Nimble Legal Innovation Forum. Our first panel, “Approaches to Legal Innovation” was awesome. So much insight from both law firm leaders and law department leaders.

Here are some highlights but really watch the video above so you don’t miss any of the great insight that the panel shared:

Nimble Legal Trends - 24 June 2019

Nimble Legal Trends - 24 June 2019

Here’s what’s trending in the legal industry: (1) law firms struggle to compete with alternative legal service providers, (2) 6 skills to get an in-house position, (3) law department workloads are increasing, (4) how not to piss off clients, (5) take advantage of any opportunity to grow, and much more!

BREAKING: BigLaw Firm Launches Alternative Legal Service Provider Subsidiary

BREAKING: BigLaw Firm Launches Alternative Legal Service Provider Subsidiary

And just this week, Greenberg Traurig announced the launch of Recurve, its new subsidiary that will offer alternative legal service provider services to its clients.

KEY TAKEAWAYS: Nimble Forum - Legal Innovation

KEY TAKEAWAYS: Nimble Forum - Legal Innovation

On April 3, 2019, we held our first Nimble Forum on Legal Innovation. We brought in panelists from Denver, New York City, Washington, D.C, Pittsburgh, Minneapolis, Raleigh. and also showcased some of Cleveland’s legal industry experts.

Here are some of the Key Takeaways from our Panelists:

BIG NEWS: An Alternative Legal Service Provider filed for an IPO

BIG NEWS: An Alternative Legal Service Provider filed for an IPO

Last month, Axiom, an alternative legal service provider, filed a draft registration statement with the SEC to hold an initial public offering of shares of stock. This is a big deal in the legal industry. Law firms are not able to be publicly traded in the U.S. as ethical rules prohibit ownership of a law firm by non-lawyers. This limits the ability of law firms to raise capital. The ability of an alternative legal service provider to raise capital by selling its shares of stock on stock exchange is a real competitive advantage.

5 Forms of Legal Innovation

5 Forms of Legal Innovation

Innovation in the legal industry isn’t limited to just technology. It takes many forms. A recent post by Roy Strom in the American Lawyer titled “Are Lawyers Ready to be Managed by Metrics?” and our April 3rd Nimble Legal Innovation Forum in Cleveland got me thinking about all the different ways innovation is taking hold in the legal industry. There will always be detractors because as Roy Strom wrote the “Legal Industry is painfully slow to adopt major changes, and lawyers often say work can’t be easily categorized or simplified.” The reality is major change is happening right in front of us and if you’re not paying attention you’ll get passed by. Here are 5 forms of Legal Innovation:

5 Ways Law Firms Can Improve Their Hiring and Retention Efforts

5 Ways Law Firms Can Improve Their Hiring and Retention Efforts

A recent Insight post by Rachel Gezerseh entitled “INSIGHT: Big Law Needs to Better Connect With Associate Talent - Cocktail Hours Aren’t Enough” got us thinking about some ways that law firms can improve both their hiring and retention efforts. We recently were interviewed by Columbus Business First regarding what law firms are doing to attract and retain millennials in the article , “Law Firms Focus on Flexibility, Happiness in the Race for Talent”. The author of the article, Laura Newpoff, interviewed us after viewing our 2018 Lawyer Happiness Survey Results, which among other things found that Generation X and Income Partners at law firms were the least content.