the end of big law firms?
TRANSCRIPT
![Page 1: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/1.jpg)
The End of Big Law Firms?Rethinking Legal Services Delivery Models
in the 21st Century
Presenter Mark Lassiter, Attorney, Arbitrator, Mediator
The Lassiter Law Firm, Lex Projex™
![Page 2: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/2.jpg)
![Page 3: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/3.jpg)
Let’s break it down…
Why do we have law firms
anyway?
![Page 4: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/4.jpg)
Reasons why law firms arose…
Physical Location w/Means of Production
Knowledge, Mentoring & Collegiality
Administration & Support
Got Work?
BRAND
![Page 5: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/5.jpg)
Do You Really Need a Law Firm for…
• Administration & Support?– Law Librarian?– Receptionist?
• Physical Location for Means of Production?– Phones? – Computers? – Dictation & Transcription?
• Mentoring & Knowledge Management?• Got Work?
– Now THAT’s the only remaining question…
![Page 6: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/6.jpg)
Reception Accounting InformationTechnologyMail Office
SuppliesFax Billing
HelpDesk
DataStorage
MailroomAccountsPayable /Receivable
FinanceCollections
Marketing
PublicRelations
Payroll WebSite
CRMRecords &Document
Management
Management& HumanResources
OVERHEAD FOOTPRINT
Latter 20th Century Law Firm ‘Pyramid’ Economic Model
![Page 7: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/7.jpg)
Equity Partners
Jr. Partners
Associates???
Early 21st Century Law Firm ‘Diamond’ Economic Model
![Page 8: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/8.jpg)
The Next “Shape” for “Big Law Firms?
![Page 9: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/9.jpg)
Let’s break it down…
Source: Jeff Carr
What do Lawyers & Law Firms Really Do?
![Page 10: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/10.jpg)
Historic law firm essential services
Advocacy
Counseling & Advice
Content
Processes
Source: Jeff Carr
![Page 11: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/11.jpg)
Advocacy
Counseling & Advice
Content
Processes
The “Unbundling” of Legal Services
Source: Jeff Carr
![Page 12: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/12.jpg)
The Modern Dilemma - A Lawyer’s Competing Demands…
Law Firm
Increase firm/own income by generating work done by firm’s own employees?
Outsource work to non-firm workers who can do it better, faster, cheaper?
Clients
![Page 13: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/13.jpg)
The inherent conflict between the best interests of the ‘Firm’ and of the ‘Client’
Law Firm wants to keep its traditional,
‘Pyramid’ or ‘Diamond’ way of doing business…
Client wants VALUE – doesn’t care about preserving the Law Firm’s ‘structure’
How will this inherent tension
play out?
![Page 14: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/14.jpg)
Alternatives to Law Firms?…
[A lawyer could] … become an exquisitely talented maestro of assembling just-in-time teams you put together for one project at a time, with the precise blend of talents, capabilities, and capacities to get the job done and then to disperse (think producing a Hollywood movie or constructing a major downtown office) …
MacEwen, Bruce (2012-12-10). Growth is Dead: Now What? Law firms on the brink (Kindle Locations 1958-1976). Adam Smith, Esq., LLC. Kindle Edition.
![Page 15: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/15.jpg)
“Just in Time Teams”?…
Alternatives to Law Firms?…
![Page 16: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/16.jpg)
ATTORNEYS
"Closed Legal Community"
#1
#2
#3
#4
CALL CENTERRECEPTION
ADMIN/HR
MARKETINGACCOUNTING
INFORMATIONTECHNOLOGY
MAILROOMBUSINESS
ANALYTICS
SERVICEBUREAUS
LEGALPROCESS
OUTSOURCECOMPANIES
ESI / EEDVENDORS
CONTRACTPARALEGALS
CONTRACTATTORNEYS
COURTREPORTERS
EXPERTS
Alternative 21st Century Legal Services Delivery Model?
![Page 17: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/17.jpg)
![Page 19: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/19.jpg)
* From Jordan Furlong Book – EVOLUTIONARY ROAD, Pg. 14
Great quote from Legal Analyst & Thought Leader Jordan Furlong about what new, small firms will start to look like in about 2016*
![Page 20: The End of Big Law Firms?](https://reader035.vdocument.in/reader035/viewer/2022062822/588192c51a28ab0d358b5cf1/html5/thumbnails/20.jpg)
“Unbundling” of 21st Century Legal Services
Lawyers Paralegals Staff
Non-Firm/OutsourcedWorkers
FirmEmployees
Originating orResponsible Attorney
Future legal teams may be a ‘mixed bag’…
Lawyers Paralegals Staff