Nimble Trends - 30 January 2018


Here's what's trending in the legal industry: (1) General Counsel find that smaller law firms provide better service and are more innovative, (2) the traits and skills necessary for future lawyers, (3) a Gender Bias suit filed against a BigLaw firm, (4) the General Counsel is supposed to be a role model and moral leader, and (5) Legal Operations Chiefs are working with inadequate Legal Technology.

And more.

Legal Industry Trends

8 partners leave BigLaw firm to form a boutique firm.  This fits very well with one of our 2018 predictions for the legal industry.

Law firms are growing patent practice groups around Patent Validity challenges before the Patent Trial and Appeal Board.

Justice Department will be actively pursuing “no-poach agreements”.

#MeToo has caused a spike in the demand for Employment Practices Liability Insurance.

Law Departments find smaller law firms more innovative than larger ones.

General Counsel report that smaller law firms provide better service.

Law Firms are hiring full time employees to oversee business strategy, financial management, pricing, among other things.  Law firms are scouting for business acumen to make shifts in business development and delivery models.  Rather than taking on headcount, hire Nimble.

Law Firms

Ogletree Deakins being sued for Gender Bias by female partner for $300 Million.  Allegations include being saddled with administrative tasks and excluded from business development.

Squire Patton Boggs launches Atlanta office with 3 former Dentons lawyers.

Troutman Sanders is closing its China operations.

Quinn Emanuel’s growth was fueled by dumping banks as clients in order to sue them.

What traits and skills are necessary for lawyers in the future?

The 10 law firms used most often by Finance and Insurance companies.

Law Firm “Hunger Games” predicted for 2018.

Law Departments

“Be ready every day to quit or be fired to preserve your reputation and integrity. If you can’t make that promise to yourself, then don’t take a GC role. It may not feel like it all the time, but you are a role model and moral leader.”  Advice from GE Aviation’s VP and General Counsel of Legal Operations and Business Development.  We agree.

69% of Legal Operations Chiefs report they are working with inadequate legal technology.

Compliance and Regulation are top on priority list for law departments in 2018.

Legal Technology

Bank of America has received at least 43 patents related to blockchain.

Artificial Intelligence and E-Discovery.

Diversity and Inclusion

A great interview with a recently promoted female partner at Clark Hill.