Comments on: Law Firm 2.0 – What might the future of law firms look like? http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php Mendelson's Musings Fri, 03 Sep 2010 01:04:22 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Boyd Butler http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php/comment-page-1#comment-406588 Boyd Butler Fri, 26 Mar 2010 14:57:48 +0000 http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php#comment-406588 Billable hours will disappear for entrepreneurial lawyers. Why? Because you can only work 40 hours a week. Which means you are limited in terms of productivity. Plus, you are limited because you are not leveraging true value. I.e what value you are delivering to the client which may be much more than the billable hour. Subscriptions will flourish. Because knowing what you are paying out each month makes it easy to budget. And knowing what you are getting in each month makes it easy to manage. Virtual law firms, where unhappy, experienced lawyers work on a retainer/commission structure will bloom. Lower overheads for the controlling company and more flexibility both sides. Technology is what prospects/clients want to get in touch. Why traipse into expensive real estate offices of a law firm when you can just as well skype from home/office. Firms will continue to discover niche areas and work faster and flexibly on smaller scales. These individuals or firms will not be restricted by geography, but more their expert status and how well known they are. La firms that survive and thrive will be those who learn how to become Great Legal Marketing firms because technical quality is expected yet Service quality is what is most in demand. Billable hours will disappear for entrepreneurial lawyers.

Why?

Because you can only work 40 hours a week.

Which means you are limited in terms of productivity.

Plus, you are limited because you are not leveraging true value.

I.e what value you are delivering to the client which may be much
more than the billable hour.

Subscriptions will flourish. Because knowing what you are paying out
each month makes it easy to budget. And knowing what you
are getting in each month makes it easy to manage.

Virtual law firms, where unhappy, experienced lawyers work
on a retainer/commission structure will bloom. Lower overheads
for the controlling company and more flexibility both sides.

Technology is what prospects/clients want to get in touch.

Why traipse into expensive real estate offices of a law firm
when you can just as well skype from home/office.

Firms will continue to discover niche areas and work faster and flexibly
on smaller scales. These individuals or firms will not be restricted by
geography, but more their expert status and how well known they are.

La firms that survive and thrive will be those who learn how to become
Great Legal Marketing firms because technical quality is expected yet
Service quality is what is most in demand.

]]> By: tiffany http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php/comment-page-1#comment-390290 tiffany Sat, 26 Dec 2009 05:56:25 +0000 http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php#comment-390290 They utilize very competent technology focused attorneys who would traditionally work for a large law firm but choose to utilize their skills by consulting. strozfriedberg.com They utilize very competent technology focused attorneys who would traditionally work for a large law firm but choose to utilize their skills by consulting. strozfriedberg.com

]]> By: Law Firm 2.0 – The End (for now) and Recap and Downloading the Entire Series. | Mendelson's Musings http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php/comment-page-1#comment-376824 Law Firm 2.0 – The End (for now) and Recap and Downloading the Entire Series. | Mendelson's Musings Wed, 07 Oct 2009 17:30:38 +0000 http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php#comment-376824 [...] What might the future of law firms look like? – Some guesses for the future. [...] [...] What might the future of law firms look like? – Some guesses for the future. [...]

]]> By: Chris Walters http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php/comment-page-1#comment-339470 Chris Walters Wed, 08 Jul 2009 21:41:00 +0000 http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php#comment-339470 Great article, here is an example of a progressive computer forensics and e-discovery firm, Stroz Friendberg, LLC. They utilize very competent technology focused attorneys who would traditionally work for a large law firm but choose to utilize their skills by consulting. strozfriedberg.com Great article, here is an example of a progressive computer forensics and e-discovery firm, Stroz Friendberg, LLC. They utilize very competent technology focused attorneys who would traditionally work for a large law firm but choose to utilize their skills by consulting. strozfriedberg.com

]]> By: Andy Arnold http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php/comment-page-1#comment-18711 Andy Arnold Mon, 20 Apr 2009 22:07:26 +0000 http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php#comment-18711 Based upon this post, just bought The End of Lawyers? (Hope it has some application to a plaintiff's practice.) I am trying to figure out ways to use technology for the benefit of not only my clients and prospective clients. I understand the benefit of blogs and social media, but how to really leveraging technology to change the equation is something I hope your blog and Susskind's book can help me address. Based upon this post, just bought The End of Lawyers? (Hope it has some application to a plaintiff's practice.) I am trying to figure out ways to use technology for the benefit of not only my clients and prospective clients. I understand the benefit of blogs and social media, but how to really leveraging technology to change the equation is something I hope your blog and Susskind's book can help me address.

]]> By: Ilana Sorokin http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php/comment-page-1#comment-12005 Ilana Sorokin Sat, 18 Apr 2009 22:27:08 +0000 http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php#comment-12005 Check out Outside Counsel Solutions at <a href="http://outsidecounsel.net/about.aspx." target="_blank">http://outsidecounsel.net/about.aspx.</a> Their US attorneys provide top-quality legal counsel to clients all over the USA, from offices in New York and Jerusalem, at highly discounted rates. Check out Outside Counsel Solutions at http://outsidecounsel.net/about.aspx. Their US attorneys provide top-quality legal counsel to clients all over the USA, from offices in New York and Jerusalem, at highly discounted rates.

]]> By: Sylvia http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php/comment-page-1#comment-3941 Sylvia Wed, 15 Apr 2009 21:51:25 +0000 http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php#comment-3941 Check out Legal OnRamp ( <a href="http://www.legalonramp.com" target="_blank">www.legalonramp.com</a> ), a professional social network for attorneys and inhouse legal departments. Check out Legal OnRamp ( http://www.legalonramp.com ), a professional social network for attorneys and inhouse legal departments.

]]> By: Larry Velez http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php/comment-page-1#comment-3837 Larry Velez Wed, 15 Apr 2009 17:45:03 +0000 http://www.jasonmendelson.com/wp/archives/2009/04/law-firm-20-what-might-the-future-of-law-firms-look-like.php#comment-3837 We are convinced that the billable hour is dead in IT and it makes sense that businesses and people start looking at the other services, including legal, which they consume the same way they look at their cell phone bill - a monthly recurring fixed fee with unlimited hours. We are convinced that the billable hour is dead in IT and it makes sense that businesses and people start looking at the other services, including legal, which they consume the same way they look at their cell phone bill – a monthly recurring fixed fee with unlimited hours.

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