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.
Following in the footsteps of other industries, U.S. law firms are finally embracing an agile workforce according to a recent article from the American Lawyer entitled “Amid Concerns Over Lawyer Workloads, U.S. Firms Embrace Agility”. Law firms like Orrick, Hogan Lovells, and Linklaters all have established firm policies aimed at enabling an agile legal workforce.
Here’s what’s trending in the Legal Industry: (1) Best Legal Blog Posts of 2018, (2) Hot Market for Legal Operations, (3) Leveraging Artificial Intelligence, (4) Smart Contracts, (5) 2019 Legal Market Outlook, (6) Underpaying Associates, (7) 20 Most Important Legal Tech Developments of 2018, and more!
With 2018 winding down we are reflecting on what a great year 2018 was! We’ll have a bigger announcement soon but our Blog recently won The Expert Institute’s Best Legal Blog for the Legal Tech category! We’ve heard the “12 Days of Christmas” repeatedly this month so as 2018 comes to a close here are Nimble’s Top 12 Blog Posts from 2018:
We write about trends in the legal industry and one trend in 2018 are the various claims of gender bias in the legal industry in 2018. The most recent piece of evidence is the partner announcement at Paul Weiss that optically is about as tone deaf as you can get…
Here’s what’s trending in the legal industry: (1) 5 Simple Business Development Strategies, (2) Law firm revenue is up in 2018, (3) Artificial Intelligence outperforms lawyers, (4) Top Legal Blog Nomination, (5) Associate Bonus Season, (6) Law Departments are sending less money to Big Law, and more!
Law firm lawyers should spend at least 20% of their time on business development. When working with law firm lawyers on business development coaching and leadership development it has become abundantly clear that while every firm wants their lawyers to be developing new business, there is no target or stake in the ground to guide lawyers on business development expectations.
Perhaps they read our recent blog post “5 Reasons Why Law Firms Shouldn’t Leave Consulting to Accounting Firms” or, far more likely, this new consultancy was in the works for months. This week brought news of Bryan Cave Leighton Paisner’s new legal operations consulting firm called “Cantilever”.
Here’s what’s trending in the legal industry in early November:
A SWOT Analysis will help legal organizations develop a robust strategy;
Love Your Lawyer Day is stupid;
Technology can help drive deal velocity;
The In-house IP lawyer role has increased importance;
Blockchain legal issues; and much more!
Why law firms have left consulting to accounting firms over the last few decades is a mystery. Accounting firms quickly moved up the value chain and are viewed by clients as strategic partners leaving law firms behind. But Law Firms really should get into the consulting business as evidenced by the fact this morning’s news from thelawyer.com that Eversheds Sunderland’s consulting business brought in over GBP 26 million ($33 million) in 2017.