Category

Law Firm 2.0

FirstDocs is Now Brightleaf

Back in January, we invested in a company called FirstDocs.  Essentially, it was an investment in the Law Firm 2.0 thesis that I’ve been blogging about.  I’m pleased to announce that they have renamed, re-branded and re-other things and are now Brightleaf. Check out their new website and not only will you (hopefully) marvel at…

When a Layoff is not a Layoff?

When is a layoff not a layoff?  Simple.  When your firm basically says "you suck – find another career."  But we don’t do layoffs.  Sounds crazy, but this is exactly what Wilmer Cutler Pickering Hale and Dorr is doing.  But don’t call it layoffs.  They’ve, instead, decided that they have a material amount of folks…

Are the Cultures of Law Firms Dying?

While at the NVCA meeting, I had a good discussion with a general counsel of a venture capital firm (name unreleased) who posited that cultures at law firms are dead / dying. His theory was that 10 years ago, one could hire a law firm not only based on skill, but also culture.  Some firms…

Wilson Sonsini Term Sheet Generator

Today, Wilson Sonsini Goodrich & Rosati announced the release of a new client tool:  The Venture Financing Term Sheet Generator. I’ve been using beta versions and it’s cool what they’ve come up with.  And to note, their own attorneys are using the tool.  Per their statement: Our attorneys use a more extensive version of the…

Law Firm 2.0 – What might the future of law firms look like?

In my continuing Law Firm 2.0 series, today I ask the question: So what will the future of the law firm look like, especially if the status quo situation remains? Here are some predictions. First, the continued splintering of the relationship between the client and the firm will splinter in ways that will minimize their…

Law Firm 2.5 – Richard Susskind – The End of Lawyers

If you are a lawyer and haven’t read Richard’s book, you should.  And no, reading the reviews and the articles about the book won’t suffice.  Buy the book, sit in a quiet room and read deeply about his predictions of the future of the practice of law. The title is provocative, for sure and he…

Time to Reboot Venture Capital Deal Structures

Edwin Miller of Sullivan and  Worcester recently published an article called Time to Reboot the Basic VC Deal Structure, in which he argues that we should radically change the way VC deals get done.  In his words: "New York Times columnist Tom Friedman recently suggested that “It’s Time to Reboot America,” meaning that the financial…

Lawyer Layoffs – What It Means To You

In case you haven’t heard, lawyers and legal professionals are being laid off at a rate never seen before. According to Law Shucks, one of my favorite blogs, over the past twelve months 3,489 lawyers have been laid off. This doesn’t include the 4,890 staff (paralegals and assistants) laid off, nor does it include “stealth”…

Law Firm 2.0 – Re-architecting the Law Firm – Outsourcing

Well, I’m back. I took some time off blogging about Law Firm 2.0, as I wanted to “take in” all the layoffs and such – a blog on that is coming soon. But without further delay, here are my thoughts on outsourcing as a critical change coming soon to a law firm near you. As…