November 22, 2024 | Lean Adviser
43. The Big Weakness of Legal AIArtificial Intelligence Series Part 1Clients love legal Gen AI because it tries to practice the way they want. This is the piece we all need to understand. The aspiration of Gen AI in legal is to deliver better outcomes through efficiency, effectiveness and continuous improvement. If this sounds familiar, it’s because this is exactly what Lean Law offers.
By Lean Adviser Legal
3 minute read
November 14, 2024 | Lean Adviser
42. Elections Are Good for Big Law, Just Don’t Get Too CloseLegal services thrive on uncertainty. What regulations are coming and how do those within that affected industry need to respond? What do changes in the regulatory scheme mean to me? What do I need to do now to be ready for changes in policy and compliance enforcement? All of these require help and advice from lawyers.
By Lean Adviser Legal
3 minute read
November 08, 2024 | Lean Adviser
41. Unleashing Your Creative LawyerCreativity Series, Part 3 Creativity always embraces the counter intuitive. The conventional approach to a tough problem is to sit, focus on the issue and think hard about it. The counterintuitive approach is don't sit, don't focus and don't think about it at all.
By Lean Adviser Legal
3 minute read
November 01, 2024 | Lean Adviser
40. There Is Room For Creativity — You Just Need to Know Where to LookCreativity Series, Part 2 Once you see your role as a problem solver, the scope for creativity becomes obvious. Yes, of course there will be a legal component, and yes that will inform the scenario, but the law won't solve the problem. That can only be done by you applying your imagination to the full picture, and applying your creative chops.
By Lean Adviser Legal
2 minute read
October 25, 2024 | Lean Adviser
38. Creating an LPM Function Is the Start — Implementing It Is the GoalProfitability may be planned in leadership meetings, but the execution is at the working attorney level. The real challenge then, is implementation. Equipping the pricing team with Legal Process Management skills is only the start; firms also need to equip their attorneys with LPM skills. But how? How do you upskill the attorneys?
By Lean Adviser Legal
4 minute read
October 15, 2024 | Lean Adviser
39. Is There Room for Creativity In the Law?Creativity Series, Part 1 All newly-minted lawyers face the same problem: They are taught what the law is, but not how to practice it. Lean Adviser exists to remedy this. As ever the constituency to ask is clients. On this they are clearly aligned about the relevance and value of creativity in the provision of legal services.
By Lean Adviser Legal
2 minute read
October 11, 2024 | Lean Adviser
35. A $2,500 Per Hour Rock-Star Partner Can Be A BlessingValue is subjective — it's what you're willing to pay, and that in turn is driven by two variables: First, the nature of the client's problem; and second, how effectively and efficiently the law firm can solve it. Sometimes it's better to have one "rock-star" partner look at the problem for an hour at $2,500 and fix it, versus a team of associates at lower rates look at it for a week and fail to solve it.
By Lean Adviser Legal
3 minute read
October 03, 2024 | Lean Adviser
34. Law Firms Use All the Wrong Metrics to Define SuccessThere isn't a client anywhere who allocates work based on "revenue per lawyer" or "profit per equity partner." These things may be the results of good performance — but they don't define performance. Even so, these metrics are firmly established as the tools which law firms use to judge their own success.
By Lean Adviser Legal
2 minute read
September 25, 2024 | Lean Adviser
33. Is Your Law Firm Ready for Innovation?Innovation Series, Part 3 To adopt a meaningful innovation, which elevates client service, a law firm must be more than willing, they also have to be ready. Culturally, structurally and institutionally.
By Lean Adviser Legal
3 minute read
September 20, 2024 | Lean Adviser
32. Underused Functionality Isn't InnovationInnovation Series, Part 2 A firm can invest in the best and most brilliant legal innovation, but if they can't get it into the attorney workstream and operating effectively, then it won't realize value.
By Lean Adviser Legal
2 minute read
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