jordanfurlong + clementi + bookmarks   74

Law Times - Law presidents push LSUC reform
The LSUC has been seeking the profession’s input on a number of governance questions, such as the bencher election process, the size and nature of Convocation, and the separation of benchers as adjudicators and regulators. The review could have major implications for the profession. Lawyers in England and Australia have lost the right to self-governance due in part to the perception that their regulatory bodies weren’t adequately serving the public interest.
Bookmarks  governance  Clementi 
september 2009 by JordanFurlong
An Inside Take from the Outside: Law Firms and Branding
I say that as the Law Society of England and Wales has just justified its existence in triplicate. It has, in my view anyway, just nailed some brand positioning. I refer, of course, to its having just launched a major campaign, under the banner “Help! I need somebody”, promoting solicitors as a profession and, as importantly, the expertise and assurance that comes of using a solicitor rather than a non-legally qualified/regulated service provider. What’s more, according to the Law Society’s blog, there has been marked acceleration in the profession’s support for this campaign compared with previous years. If the profession has finally realised that “being a solicitor” is itself a brand enhancement, and hence value protector, then it has surely taken a giant step forward? Only with the most commoditised of matters is pricing truly the sole differentiator. Surely clients, be they corporations or individuals, also attach value to expertise and personalised support? And surely that
Bookmarks  access  competition  marketing  Clementi 
september 2009 by JordanFurlong
Bar Standards Board warning over ABSs | The Law Gazette
The Bar Standards Board (BSB) has said it would be ‘wrong’ to allow barristers to join alternative business structures (ABSs) without evidence of whether all forms of the new structure are ‘compatible with the regulatory objectives’ of the Legal Services Act 2007, or necessary for the benefit of consumers. The BSB has commissioned preliminary research to assess the potential effects on the market and consumers of allowing barristers to take part in ABSs.
Bookmarks  Clementi 
september 2009 by JordanFurlong
Private equity eyes up City law firms - City AM
“The sector has been hugely successful,” says a banker who didn’t want to go on the record. His firm is interested in creating a portfolio of “upwards of five firms” (so as not to be “overexposed” to just one firm). City law is a strong international brand, he argues. “UK lawyers are good lawyers and, more importantly, UK law is good law and not too costly – well, not as costly as the US,” he says. “It’s a growth sector and our firms would like to have access to that long-term earning power.” His firm is looking at “minority stakes in big firms” with an aim to becoming “a long-term source of capital – quite different to the normal private equity model”. He doesn’t want outside investment to “destabilise firms”. “We don’t believe in the IPO model where all the old boys get lots of money and the younger chaps coming can’t see what’s in it for them.” Also, he points out that there is no “exit market” for law firm investors. “Who are you going to sell a law firm to? Another law firm?” he
Bookmarks  Clementi 
september 2009 by JordanFurlong
Law Review: Big firms still facing big problems | Philadelphia Inquirer | 08/11/2009
What's needed, Ribstein says, is a far more creative approach. That might even mean that law firms, provided there are changes to professional rules that bar such arrangements, will one day be able to raise capital from investors in much the same way a car manufacturer or a chain of coffee shops sells stock. That, of course, would mean the firms would be answerable to investors, but it might also mean lower-cost financing. Contrast the experience of the scrambling big firms with that of small- to medium-size firms. Legal consultant Robert Denney says that these firms, in the teeth of what is arguably the most severe recession in a generation, in many instances remain healthy. Some of them, like Flaster Greenberg, of Cherry Hill and Center City, are hiring young associates. Others, like Hangley, Aronchick, Segal & Pudlin, a 50-lawyer firm in Center City that recently took on a small group of lawyers from DLA Piper, the world's largest law firm, are looking increasingly attractive to
Bookmarks  clementi  innovation  solo 
august 2009 by JordanFurlong
A broken business model
Our professional leaders continue to defend self-regulation, focusing on the need to protect client confidentiality, guard against conflicts of interest, protect the public from the unauthorized practice of law, maintain the independence of the legal profession and ensure access to justice and high standards of ethics. Despite self-regulation, it's pretty clear that we have fallen short of the last goal. It's also clear, at least to me, that it no longer makes sense to regulate the delivery of legal services to individuals the same way that we regulate legal services to businesses. Moreover, the case against our retrograde regulatory environment is relevant to our hand-wringing about legal costs and the lame law firm business model. University of Southern California Gould School of Law Professor Gillian Hadfield, a lawyer and an economist, argues that regulatory barriers keep us from reducing the high cost of corporate legal services. She suggests that — but for proscriptions against
Bookmarks  innovation  access  governance  clementi 
august 2009 by JordanFurlong
An Inside Take from the Outside: Tesco Law
So can those law firms finally relax, kick back and tuck into the aforesaid bread and butter, a fine Chianti in hand? Alas not and for two primary reasons: * First…and I know I’ve said this before, but whether they like it or not, change is coming – firms that stick with standardised work are going to find it harder and harder as their clients migrate to the web. Take a look at insurance, banking and holidays if you would like proof. Go back three years and the thought of printing off a boarding pass for a flight would have been laughable. Go back twenty odd years, and remember when that new insurance company, Direct Line, the one with the funny red phone, advertised to sell insurance to you by telephone? Who would have thought it? * Second, first is not always best – second or even third or fourth can be really great. Why? Well often it can be far better to let others plot the map before engaging your own mighty forces to follow the route they have found. Again don’t believe
Bookmarks  Clementi 
august 2009 by JordanFurlong
Addleshaws spreads wings with consultancy launch | News | The Lawyer
ddleshaw Goddard is positioning itself to help law firm rivals restructure their businesses with the launch of a management consultancy led by chairman Mark Jones. The initiative is aimed at capitalising on an expected wave of consolidation in the professional practices ­market. The firm will ­market the consultancy to professional practices, including law firms, that are considering mergers, equity restructurings or new strategic directions.
Bookmarks  innovation  Clementi 
august 2009 by JordanFurlong
Seeing Stable Cash Flows, Private Equity Eyes U.K. Law Firms
Bloomberg reports that three London-based private equity firms are looking at purchasing significant stakes in U.K. law firms once laws allowing those firms to accept outside investments go into effect in 2011.
Bookmarks  clementi 
august 2009 by JordanFurlong
The Change Agenda: Market Force
In May 2007 the Melbourne-based plaintiffs firm became the first law firm ever to go public. Overnight, the firm's seven senior lawyers-effectively the equity partners, although Slater & Gordon ditched its partnership when it incorporated in 2001-saw their stakes in the business converted into shareholdings worth between A$2.7 million (US$1.9 million) and A$10 million (US$6.9 million) at the A$1 offer price. Three of the most senior lawyers-managing director Andrew Grech, executive director Peter Gordon, and senior personal injury specialist Paul Henderson-made A$4.6 million (US$3.2 million) that day by selling part of their stakes.
Bookmarks  clementi 
august 2009 by JordanFurlong
Private equity firms target legal sector | The Law Gazette
Hunt was speaking at a Forum of Insurance Lawyers seminar last week. He said that private equity firms are interested in taking short-term, rather than long-term stakes because they are ‘appalled by some of the business practices’ at major firms. He said private equity firms want to improve business practices and profit margins before selling their stakes. ‘I don’t know what effect that will have on the stability of law firms,’ he said.
Bookmarks  innovation  Clementi 
july 2009 by JordanFurlong
Exclusive: Greenberg hires Maher to build '21st century firm' | News | The Lawyer
As part of its London launch, Greenberg Traurig Maher will also investigate radical alternatives to ­current law firm structures. It is understood that the new firm will be structured to take advantage of external investment opportunities in the UK legal market in the future, should they be ­needed. Maher said: “It’s a good time to come into the market and push back some of the boundaries. The pricing model has to change. Clients are pretty unhappy paying large sums of money for ­junior lawyers who are being educated on the job. We want to put together a 21st century law firm.”
Bookmarks  global  clementi  firms 
june 2009 by JordanFurlong
Solicitors Regulation Authority - Consultations
Consumers have a right to high quality, good-value, accessible legal services. Regulators have a duty to enable those services. This discussion paper sets out the Solicitors Regulation Authority (SRA)'s proposals to deliver changes in the provision of legal services in the interests of consumers, and invites a wide debate. This paper should be seen as complementary to the Legal Services Board's discussion document Wider Access, Better Value, Strong Protection, which was published as we were finalising this.
Bookmarks  clementi 
june 2009 by JordanFurlong
Chancery Lane raises concerns over ‘Tesco law’ - Legal Week, legal news, comment, events and legal jobs
he Law Society has warned it is ready to challenge the Legal Services Board’s (LSB’s) attempts to regulate Alternative Business Structures (ABS), it has emerged. The Law Society has raised concerns at the overarching legal regulator’s plans to implement and regulate ABS, with Chancery Lane concerned about the LSB’s 2011 deadline to have the model fully operational. The Law Society is also opposed to any move that would force it to cover costs if the LSB opted to directly license applying ABS should front-line regulators not be ready by 2011. The LSB is supposed to be funded by approved regulators.
Bookmarks  Clementi 
may 2009 by JordanFurlong
LSB calls for input on regulation of alternative business structures - Legal Week, legal news, comment, events and legal jobs
Future of Legal Services Forum: Talking heads * “For me widening access means liberalisation – deregulation. It means liberalisation from outdated restrictions.” David Edmonds, chairman, Legal Services Board * “We need to find ways to provide more legal services for less cost. Historically we would ask academically can we do it differently, the question now is a practical question. It is a pivotal time – if ever we are at a crossroads, it is now.” Professor Richard Susskind * “I am more convinced than ever that there is tremendous opportunity for investment in the legal services space. [But I am] astonished by how little real action has happened from law firms to move in the face of obvious threats.” Jeremy Hand, managing partner, Lyceum Capital * “We need to think about culture change around the role of a partner.” Giles Rubens, consultant, Hildebrandt * “In many ways clients could not care less about how law firms organise themselves. They only care about the out
Bookmarks  innovation  clementi 
may 2009 by JordanFurlong
Halliwells switches to LDP with two non-lawyers brought into partnership - Legal Week, legal news, comment, events and legal jobs
Halliwells has become one of the first UK law firms to convert to a Legal Disciplinary Partnership (LDP), with the national firm bringing two non-lawyers into its partnership. Halliwells’ IT director Dene Rowe and facilities director Pam McKay have been appointed to the partnership, following vetting processes imposed by the profession’s watchdog, the Solicitors Regulation Authority.
Bookmarks  clementi 
may 2009 by JordanFurlong
Legal Blog Watch
It's already happened, we just call it something else here in the U.S. Real estate brokers fill out purchase agreements and advise buyers/seller on items with legal implications. Title insurance and escrow companies in the West have replaced lawyer-controled "settlements" in the East for residential purchases. Arbitrators have replaced judges. H&R Block has been practicing tax law for years. In some states paralegals can help individuals fill out government forms and fill-in-the blank wills. Are the "clients" any better off without lawyers in these areas? Probably. Have the risks been covered by insurance? Yep. Kind of hard to not to see the trend continue.
Bookmarks  commoditization  clementi  competition 
may 2009 by JordanFurlong
BBC NEWS | UK | Supermarket law shops 'by 2011'
High Street shops and supermarkets in England and Wales will be permitted to sell legal services within two years, a regulatory body has said. The Legal Services Board said it would be working to see a framework in place by the middle of 2011.
Bookmarks  clementi  commoditization 
may 2009 by JordanFurlong
A glimpse into the abyss « Enlightened tradition
I am not sure what this would look like. I think there are two (potentially competing) reasons why law firms are organised as they are. The first is that the current model has served private practice lawyers well so far. That is not to say that this will remain true. John Flood and his co-author, Peter Rouse, chief executive of 7 Bedford Row Chambers, have started to make a compelling case for change from this perspective. However, the current model has also grown up in response to client needs. It is at least arguable that clients play some part in designing law firms. There is compelling evidence (see Ron Friedmann and others, passim) that client pressure will define the law firm model to a much greater extent in years to come. The Flood/Rouse model may serve clients well, but it is not clear from the article how or why clients would prefer this approach to one of the many others on offer.
Bookmarks  Clementi  innovation  laterals  contract 
may 2009 by JordanFurlong
John Flood's Random Academic Thoughts (RATs): Putting Lawyers on Contract is Good Business Sense
Although legal work has become more commoditised and an increasing proportion of it shipped offshore, it is perhaps lawyers themselves, both associates and partners, who are the commodities, traded and marketed by recruiters and head-hunters. New service models such as Axiom Legal, Rimon Law and Lawyers Direct are flourishing. One recruiter is now even advertising ‘pay as you go lawyers’. At the same time, the equity partnership prize is becoming ever harder to win, and even less sought after by today’s younger lawyers who are more mobile and happier than ever to migrate to newer opportunities.
Bookmarks  Clementi  innovation  laterals  contract 
may 2009 by JordanFurlong
The launch of a professional services index - Times Online
Professional services companies – law firms, management consultancies, accountants and the like – have undergone steady growth and many have made sizeable profits for their partners (if not shareholders), but that could change thanks to the credit crunch and the launch yesterday of a professional services inde
Bookmarks  clementi 
may 2009 by JordanFurlong
Changes in Regulations of U.K., Australian Lawyers Could Affect U.S.
Schneyer says one change in particular may pose a problem for firms that have offices in both the U.K. and the U.S. The U.K. allows non-lawyers, such as accountants, patent advisers and other professionals, to be admitted into the partnership. "That's great for clients because they can have a one-stop-shop law firm," Schneyer says. "The only trouble is that most U.S. firms can't do that."
Bookmarks  Clementi 
april 2009 by JordanFurlong
Canadian legal reforms on horizon
Pressure to open up law firms to outside financing is not yet top of mind in North America, according to business professor Andrew von Nordenflycht of Simon Fraser University. From what he has seen in the United States, von Nordenflycht said that firms are not particularly bothered by it and many see it as inevitable. Pressure to explore such reforms will likely come to Canada after American firms feel the competition from U.K. firms, according to von Nordenflycht. “Large United States firms will run into United Kingdom firms faster,” said von Nordenflycht, who has researched public ownership of professional service firms. Experience also shows that the large firms are unlikely to rush to the public markets, noting that it was a plaintiff-side personal injury firm in Australia that first went public. He added that the current economic climate also makes it less likely that many firms will go public, since this tends to happen during boom economic times.
Bookmarks  Clementi 
april 2009 by JordanFurlong
Legal Services Board unveils year-one priorities - Legal Week, legal news, comment, events and legal jobs
he report also states that the LSB sees it as a priority to promote new entrants to the legal services market, including non-traditional services providers. As such, the body pledges to make “significant headway” in realising opportunities related to alternative business structures in legal services, the most radical element of the 2007 act.
Bookmarks  clementi  governance 
april 2009 by JordanFurlong
Smedley calls for SRA group to police City firms - Legal Week, legal news, comment, events and legal jobs
ity law firms should be policed by a specialised division of the Solicitors Regulation Authority (SRA), according to a high-profile report commissioned by the Law Society. The review, conducted by Nicholas Smedley, a former senior civil servant from the Ministry of Justice, has recommended the creation of a Corporate Regulation Group at the SRA.
Bookmarks  governance  clementi 
march 2009 by JordanFurlong
Editors' Blog: Will the real legal services regulation review please stand up?
For lovers of reviews of legal regulation, these are truly glorious days. With the Legal Services Board (LSB) today kicking off its review of the independence of the profession's regulatory bodies, we now have our sixth review of regulation either recently finished or ongoing (this doesn't include the barrage of consultations issued by the Bar Council and Bar Standards Board which are surely too much to ask even the most dedicated scribe to keep up with).
Bookmarks  governance  clementi 
march 2009 by JordanFurlong
LSB reviews independence of law watchdogs - Legal Week, legal news, comment, events and legal jobs
he Legal Services Board (LSB) has launched a review of regulatory independence in the profession as the oversight body moves to flesh out the framework governing the business of law. The LSB today (25 March) launched a consultation on the separation of regulatory and representative functions at eight approved regulators designated under the Legal Services Act (LSA), including the Law Society and Bar Council. The consultation paper addresses the internal governance of the approved regulators and the control of practising certificate fees.
Bookmarks  governance  clementi 
march 2009 by JordanFurlong
Law Times - Stakes high for benchers
Law Society of Upper Canada benchers have signalled concerns that the profession’s lack of knowledge about the institution could skew a consultation process on possible changes to its governance structure. Governance task force chairman and Bencher Tom Heintzman says his group sought to create a fair report for the consultation.The law society created a task force in 2006 to look into the issue, and the stakes are high for benchers. Questions on the table include whether the size of Convocation should be reduced, if ex officio life benchers should be done away with, and whether benchers should continue to adjudicate disciplinary matters.
Bookmarks  clementi 
march 2009 by JordanFurlong
Dow Might Be Down, but Stock of One Law Firm Is Up
On Wednesday Australia's Slater & Gordon, the world's first publicly traded law firm, reported a 22.4 percent increase in net profit for the six months leading up to Dec. 31.
Bookmarks  Clementi 
february 2009 by JordanFurlong
College of Law
In an effort to stimulate debate, the Institute has published a paper that considers options for the regulation of those law firms that provide services to corporate and commercial clients. Three options are considered: * Continuing regulation by the Solicitors Regulation Authority (SRA) with adjustments to rules to apply different regulatory approaches to different types of client * Establishment of a parallel regulatory regime by the Law Society, either within the SRA or through a parallel regulatory body * Establishment of an entirely new regulatory body as an approved regulator under the Legal Services Act.
Bookmarks  innovation  Clementi 
february 2009 by JordanFurlong
New study calls for legal regulation overhaul - Legal Week, legal news, comment, events and legal jobs
The regulation of corporate law in England and Wales needs an overhaul in order to restore public confidence in the sector, according to a College of Law study published today (23 February). The paper, produced by the College of Law’s legal services policy institute, argues that the diversity of the legal sector means that a single regulatory framework is not adequate to handle the wide range of business models - from boutique practices to multimillion-pound international firms - within the legal profession. The paper claims that the 2007 Legal Services Act (LSA) provides an opportunity to develop a more flexible regulatory framework
Bookmarks  Clementi 
february 2009 by JordanFurlong
Medium sized firms join forces to take on competition | The Law Gazette
wo legal heavyweights are to head a national network of law firms formed in the latest response to competition challenges resulting from the Legal Services Act. The Legal Alliance (TLA) is a group of mainly medium-sized firms which will market business and consumer services under a shared brand name. It will be chaired by Victor Semmens, former chairman of national firm Eversheds, with Ann Alexander, founding partner of Alexander Harris (now part of national firm Irwin Mitchell) as his deputy.
Bookmarks  innovation  Clementi 
february 2009 by JordanFurlong
Regional firms unite to offer post-LSA legal services - Legal Week, legal news, comment, events and legal jobs
Alexander said: "This is all about making it simpler for the public to access legal advice. It enables people to use local law firms that operate at fixed prices for many of their services. TLA has spent two years developing the concept and securing the backing of our founding members.” She added: "If traditional law firms do not develop their services in the wake of the LSA, they will wither on the vine. We are aiming to recruit member firms who will deliver legal services to people living within their community. Our research indicates that consumers of legal services prefer to access those services locally.”
Bookmarks  innovation  Clementi 
february 2009 by JordanFurlong
Canadian Lawyer Magazine - Time to streamline the societies?
How much is independence worth? Canadian lawyers may be asking this question as they prepare to pay their annual law society dues. If the rest of the world is any indication, the self-governing model that underlies Canada’s legal profession may soon face a day of reckoning. And contrary to conventional opinion, that may not be a bad thing.
Bookmarks  Clementi 
january 2009 by JordanFurlong
ITV Switches Off Billable Hour After Panel Review
ITV has become one of the first major British companies to entirely phase out the billable hour as the broadcasting giant unveils its new roster of legal advisers. Group legal director and general counsel Andrew Garard has cut ITV's advisers from almost 50 to nine, with each firm agreeing to use alterative billing methods.
Bookmarks  future  Clementi  pricing  clients 
december 2008 by JordanFurlong
Act opens way for accountants to join legal firms - Accountancy Age
enior accountants considering a move into the legal sector are set to benefit from new legislation due to come into effect next year. Under the legislation ­ which has been described as a ‘big bang’ for the legal profession ­ 25% of partners in law firms can be non-lawyers.
Bookmarks  clementi  competition 
december 2008 by JordanFurlong
SRA hits out at Law Soc review - 10 October 2008
The Solicitors Regulation Authority (SRA) has attacked the Law Society for over-stepping its remit in launching a potentially dramatic review into the regulation of the legal profession. The Law Society publicly announced a review yesterday (TheLawyer.com, 9 October), which could ultimately see large corporate firms fall under separate regulation from their high street counterparts. The SRA immediately responded with a strongly-worded statement, in which the body's chair Peter Williamson said the Law Society appeared to be "confusing representative and regulatory functions".
Bookmarks  Clementi 
october 2008 by JordanFurlong
Nottingham Law School splits LPC in two - 13 October 2008
Nottingham Law School (NLS) has become the first postgraduate law school to announce its decision to split the Legal Practice Course (LPC) in two. The move follows the decision by the Solicitors Regulation Authority (SRA) to overhaul postgraduate legal education in a bid to improve standards and make the qualification process more flexible.
Bookmarks  schools  Clementi 
october 2008 by JordanFurlong
MoJ fast-tracks LSB reforms to usher in non-lawyer partners - Legal Week, legal news, comment, events and legal jobs
Non-lawyers could become partners in UK law firms by 2008, it has emerged, after the Government amended the Legal Services Bill to fast-track the early introduction of its controversial plans for alternative business structures (ABSs).
Bookmarks  clementi 
september 2008 by JordanFurlong
SRA to fast-track regime for non-lawyer partners - Legal Week, legal news, comment, events and legal jobs
he Solicitors Regulation Authority (SRA) is gearing up to accept applications for non-lawyer partners within law firms ahead of schedule as the body moves to usher in the next round of reforms under the Legal Services Act (LSA).
Bookmarks  clementi 
september 2008 by JordanFurlong
World's first listed firm boosts revenue by 27 per cent - 21 August 2008
Australian law firm Slater & Gordon has announced a jump in turnover of 27 per cent to hit a revenue of AUS$79.7m (£37m), just one year after it became the world's first law firm to float. The firm recorded a 42 per cent growth in net profit over the same time period, while it also grew away from its personal injury core and into practices including commercial litigation and private client.
Bookmarks  Clementi 
august 2008 by JordanFurlong
SRA accused of institutional racism - 20 August 2008
The Solicitors Regulation Authority (SRA) has laid itself open to the charge of being institutionally racist, an independent report by the former head of the Commission for Racial Equality Lord Ouseley has found. The report found that the regulatory body has been discriminating against black and minority ethnic (BME) lawyers and subjecting them to potentially damaging investigations.
Bookmarks  diversity  Clementi 
august 2008 by JordanFurlong
TheStar.com | Canada | New insurance makes lawyers affordable
Judicial delay insurance, which has been available in Britain, Australia and the United States for several years, is aimed at litigants in long and complex commercial cases. But here in Quebec, another form of legal insurance – geared to the middle class – is taking hold. At a time when Canadians can expect to pay anywhere from $150 to $800 an hour for a lawyer, Lisa Pascal got hers for $4 a month. Pascal, a university student, signed up for legal insurance when she moved from Ottawa to Montreal a few years ago and took out a homeowner's policy. "They (her insurance company) told me for an additional $4 a month I can get legal insurance," she recalled. "And if I had legal, car and home insurance, I would also get free roadsid
Bookmarks  innovation  Clementi 
august 2008 by JordanFurlong
Small Firm Business - Opposition Kills Self-Help Center for Pro Se Filers
Bexar County, Texas, commissioners terminated a short-lived program to aid people representing themselves in family law and other matters after an outcry by solos and other lawyers.
Bookmarks  competition  Clementi 
august 2008 by JordanFurlong
Adam Smith, Esq.: An inquiry into the economics of law firms....
Richard Turnor, a partner in the Private Client Group at Allen & Overy, has penned for Managing Partner Magazine one of the more thoughtful pieces on the implications of the Legal Services Act in the UK. In particular, he asks the same question I've bee
Bookmarks  clementi 
july 2008 by JordanFurlong
Strategic Legal Technology :: Investing in Law Firms - Right Now [Interview of Lyceum Capital]
I am at the Strategic Technology Forum in Lisbon, hosted by Legal Week. One of the sessions today was an interview for this conference with Jeremy Hand, managing partner, Lyceum Capital by David Morley, worldwide senior partner, Allen & Overy, LLP. The in
Bookmarks  Clementi 
june 2008 by JordanFurlong
Law firms set for merger frenzy - Times Online
The UK legal market is set for a radical shakeup with over 100 law firms expected to attempt a merger or acquisition in the next 12 months, experts predict.
Bookmarks  global  Clementi 
june 2008 by JordanFurlong
The Law Society - Topics
Does it matter who owns law firms? Does the free market produce better legal services for consumers than professional regulation? Are ethics more than just a question of PR? These are just some of the big questions facing solicitors in the 21st century.
Bookmarks  clementi  future 
may 2008 by JordanFurlong
Adam Smith, Esq.: An inquiry into the economics of law firms....
I'm back from the two-day "Future of the Global Law Firm" symposium at Georgetown Law School, which was organized by Prof. Mitt Regan of Georgetown, Prof. Larry Ribstein of the University of Illinois, and myself. You may read other coverage of this elsewh
Bookmarks  Clementi 
april 2008 by JordanFurlong
Law firm bosses meet for transatlantic summit - 8 April 2008
Chairman of consultancy firm Hildebrandt, Brad Hildebrandt, commented: "In the US to create something similar to the Legal Services Act, the supreme court in every state would have to approve the legislation. This would clearly take a long time and it wou
Bookmarks  Clementi 
april 2008 by JordanFurlong
Law.com - Private Equity Firm First to Openly Target Legal Services in U.K.
Private Equity Firm First to Openly Target Legal Services in U.K. Lyceum will invest in midtier firms to help fund growth, including taking minority and full controlling stakes
Bookmarks  Clementi 
march 2008 by JordanFurlong
Listing pays off for pioneering Australian law firm - Times Online
Australian law firm Slater & Gordon, which last year became the first legal practice to float on a stock exchange, reported a 56 per cent rise in half-year profits today. Net profits after tax for the 12 months ending December 2007 were A$6.9 million ((£
Bookmarks  Clementi 
february 2008 by JordanFurlong
The Lawyers Weekly
The jealously guarded sacred cow that is self-regulation for Canadian lawyers could ultimately end up at the slaughterhouse, a recent panel on the regulation of the legal profession heard. Should that happen, Canadian lawyers would be joining a growing nu
Bookmarks  future  Clementi 
february 2008 by JordanFurlong
It’s Official: UK Law Firms Soon For Sale | ABA Journal - Law News Now
Long-anticipated legislation allowing nonattorneys to own United Kingdom law firms passed its final hurdle in the British Parliament today. The Legal Services Bill will soon be signed by Queen Elizabeth II, in the first step toward a legal market for buy
Bookmarks  Clementi 
february 2008 by JordanFurlong
Slaw: The Death of the High Street Solicitors
Today’s Daily Telegraph reports on a survey with news that the small generalist firm may not survive the upheavals caused by the opening up of the English market for legal services.
Bookmarks  Clementi  future  solo 
september 2007 by JordanFurlong
Amazing Firms, Amazing Practices: Britain Invades China - no shots fired!
Lovells, the law firm, is to launch an alliance with nine Chinese counterparts, in the latest sign of the English legal profession’s aggressive efforts to export its services to big economies where foreign lawyers are restricted." (Note, not one or two
Bookmarks  Clementi  China  global 
september 2007 by JordanFurlong
Commentary: Nonlawyer Ownership of Law Firms Might Not Cause the Sky to Fall
Like it or not, potential competitive pressures mean that we're going to have to confront the question of nonlawyer ownership sooner rather than later. The question of outside equity in law firms, therefore, requires careful analysis, not abstract pronoun
Bookmarks  Clementi 
august 2007 by JordanFurlong
Adam Smith, Esq.: An inquiry into the economics of law firms....
A Conversation with Andrew Grech, Managing Partner of the World's First Publicly Traded Law Firm
Bookmarks  Clementi 
august 2007 by JordanFurlong
Adam Smith, Esq.: An inquiry into the economics of law firms....
Goldman Sachs on line 1, Blackstone Partners on line 2—they both want to buy 20% of the firm." Could that be a scenario you, or your successors, will be facing some day?
Bookmarks  Clementi  global 
july 2007 by JordanFurlong
Adam Smith, Esq.: An inquiry into the economics of law firms....
it is with great pleasure that I can announce that the Georgetown Law Center for the Study of the Legal Profession will be hosting a symposium next April 17 and 18, 2008, titled "The Future of the Global Law Firm," which is actually about the prospects fo
Bookmarks  Clementi 
july 2007 by JordanFurlong
Adam Smith, Esq.: An inquiry into the economics of law firms....
How truly extraordinary is the public listing of S&G? Not a bit. The story is that a nicely performing, fairly small firm, with a promising future but in an iffy industry, offered its shares on an exchange and the investment community responded with a o
Bookmarks  firms  innovation  Clementi 
july 2007 by JordanFurlong
Bloomberg.com: Exclusive
When Slater & Gordon in Australia became the first law firm in the world to go public last month, it turned up the heat on lawyers around the world to do the same.
Bookmarks  innovation  global  Clementi 
july 2007 by JordanFurlong
Adam Smith, Esq.: An inquiry into the economics of law firms....
Now it's time to stop talking about it hypothetically and starting talking about what a firm might actually need to do in preparation for opening itself to the capital markets
Bookmarks  firms  Clementi 
july 2007 by JordanFurlong
CORNER OFFICE
It’s hard to say anything is inevitable, but throughout the history of the law, the rules have changed when economic pressure is applied,” says Ronald Rotunda, a law professor at George Mason University
Bookmarks  Clementi 
july 2007 by JordanFurlong
US Behind the Times as Overseas Law Firms Go Public : Larry Bodine Law Marketing Blog
``If the English firms can sell stakes in their law firms publicly, that will then give them an advantage,'' said Ralph Baxter, the chief executive officer of the 924-attorney San Francisco-based firm Orrick, Herrington & Sutcliffe. ``If the rules were to
Bookmarks  firms  future  Clementi 
july 2007 by JordanFurlong
Slaw | Archive | Australian Law Firm Goes Public
I think Slater & Gordon will pull it off, and others will follow — first in Australia, then in post-Clementi Britain, and then well down the road, North America (never underestimate the power of our governing bodies to postpone the inevitable).
Bookmarks  library  Clementi 
july 2007 by JordanFurlong
http://www.smh.com.au/news/Business/Slater-amp-Gordon-debut-at-premium-on-ASX/2007/05/21/1179601291947.html
Investors have climbed on board Melbourne lawyers Slater & Gordon Ltd as it became the first law firm in the world to list on a stock exchange on Monday. Already the firm's principals along with initial investors have booked a princely premium with the s
Bookmarks  innovation  Clementi 
july 2007 by JordanFurlong

Copy this bookmark:



description:


tags: