Comments on: Adam Smith – The Wealth of Lawyers

By: coupons

coupons — Fri, 12 Feb 2010 07:52:02 +0000

I like his theory.

By: Wedding Dresses Sale

Wedding Dresses Sale — Sat, 26 Dec 2009 05:52:03 +0000

Sent from my iPhone
- please forgive iTypos.

By: Jason Mendelson

Jason Mendelson — Fri, 21 Aug 2009 23:01:04 +0000

Great to see law firm 2.0 in practice!

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Jason Mendelson

Sent from my iPhone
- please forgive iTypos.

By: Elaine

Elaine — Tue, 18 Aug 2009 02:22:51 +0000

Thanks for sharing and I really enjoyed this piece.
If you have a chance, check out a virtual law firm: rimonlaw.com.

Rimon has also stripped down the overhead costs of a traditional law firm, and only employs high-end partner-level attorneys from top law schools and firms. They get an added cost benefit of using ex-pat lawyers – thus getting the attorneys for a lower cost simply because of their location.

By: Luke

Luke — Tue, 04 Aug 2009 13:26:40 +0000

James, you might want to read that post in the _context_ of some of his other excellent commentary. Say…starting with the post before? 21st Centry Armageddon http://www.adamsmithesq.com/archives/2009/07/21st...

He's an insightful commentator. There's gold in that blog, going back a long way.

By: Frank Greces

Frank Greces — Sun, 02 Aug 2009 10:17:11 +0000

wow….three emails re: my poor spelling….and the comments were all from lawyers…hah!

here we go again…"d I s T i n t e r m e d i a t i o n"…….the disruptive nature that "I T" has on the provision of legal services based on the old, stodgy, BigLaw biz model;)….

Thanks folks for being exquisitely attuned to the sentiments of my blog post

Onward and Upward…..

Frank

By: Frank Greces

Frank Greces — Sun, 02 Aug 2009 02:49:25 +0000

You know my sentiments on this one Jason….the majority of BigLaw partners I have spoken with recently are still drinking the cool aid…..thinking that the "green shoots" the economy is starting to witness are growing in their field (of dreams that is). They are about to experience the meaning of a new word added to their little Black Dictionary: "Distintermediation"

Onward and Upward….

Frank

By: Jason Mendelson

Jason Mendelson — Sun, 02 Aug 2009 00:17:04 +0000

Good post. Thanks for pointing it out.

By: Chris McDemus

Chris McDemus — Sat, 01 Aug 2009 22:33:06 +0000

Jason good post – I tried to add to it with my own entry. http://www.vcdeallawyer.com/2009/08/01/is-the-law...

By: Raj Jha

Raj Jha — Sat, 01 Aug 2009 17:51:53 +0000

I believe they've done so by not being a law firm, but a placement agency – as I understand it Axiom does not form an attorney-client relationship with their customers. The individual Axiom attorneys have that relationship. This avoids issues of conflict as well.

However this is not a silver bullet – if the individual attorneys cannot share information freely, knowledge management (which is critical IMHO) becomes more tricky. At our firm we have made a huge investment in KM, disseminating best practices and experiences, capturing the knowledge, and ensuring everyone practices the same way. It pays big dividends in client service, scalability, and consistency. Without dedication to sharing and organizing information, I think any firm (whether traditional or the Axiom model) does not reap benefits from its experience long term.

Perhaps the folks at Axiom – who I have huge respect for – have figured out how to do this well but it must be more complicated than in a traditional firm.