The 2019 Legal Lab Executive Summary, from HBR Consulting

Resource - 17/09/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance, Finance

Legal Lab 2019, HBR’s fifth annual gathering of leaders from leading law departments and law firms, marked a turning point from prior years where we were poised on the brink of change in the legal industry.

Alignment and...

Growth and gratitude: HBR recognized as one of America’s fastest-growing private companies

News Article - 17/09/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance, Finance

The legal industry is in the midst of a major transformation, and HBR Consulting is fortunate to be at the forefront of that change. As trusted advisors and providers to both law departments and law firms, we understand how the unique strategies...

HBR Consulting discuss their recent visit to ILTACON 2019

News Article - 17/09/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance, Finance

It was great to see so many friends at ILTACON in Orlando last week – it was an excellent opportunity to network, learn and have fun.

While this year’s conference theme and location surrounded us with nostalgic TV characters...

Implementing a law firm records disposition program, from HBR Consulting

Resource - 17/09/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance, Finance

Managing a records retention and disposition program is one of the chronic challenges for any organization in the information age. Businesses and government agencies of all sizes are seeking to implement or improve these programs due to increased...

Five reasons to build your law firm’s IT security framework on NIST standards

Resource - 17/09/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance, Finance

Law firms are daily targets for cybercrime and targeted data breaches. Criminals are keenly aware that
law firms can be a “back door” to valuable confidential data, such as trade secrets, intellectual property
and financial...

HBR Consulting discuss: How law firms and law departments can harness innovation

Resource - 17/09/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance, Finance

In a profession enamored with centuries-old precedent, the term “legal innovation” has long been an oxymoron. Lawyers were commonly—and often rightly—perceived as too stagnant and tradition-bound to embrace radical change...

Forecast: Law firms will be cloud ready by 2021

Resource - 23/07/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

 

Law firms have long talked about the attractiveness of migrating their IT infrastructure to the cloud, but they have not made appreciable steps to date. This is due in large part to an understandable fear of negative client reaction...

Advancing the law firm IT function: How clients, the firm and IT pros all win

News Article - 23/07/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

The number-one law firm IT challenge heading into 2019 had nothing to do with acquiring bigger servers or faster networks. The top law firm IT issue for this year was the strategic challenge of change management, according to the ...

GDPR: Are the fines real?

Resource - 17/05/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Risk & Compliance

 

Under the General Data Protection Regulations (GDPR), organisations may be fined up to €20 million, or 4% of the total worldwide annual turnover of the preceding financial year, whichever is higher. In January 2019, the...

Law department analytics survey reports

Resource - 14/05/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

The rise of data analytics has in the past decade substantially impacted how businesses operate and provide services. The legal industry, on the other hand, has been much slower to adopt analytics than other verticals. That is beginning to change...

Best practices in contract management

Resource - 13/05/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Risk & Compliance

Every organisation has contracts, but not every organization adequately manages its contracts. And while the nature and complexity of these agreements can vary widely, careful governance enables organizations to maximize their value and limit...

How centers of excellence are accelerating efficiencies across the legal landscape

Resource - 03/04/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Human Resources

 

Across today’s legal ecosystem, a set of complex forces has pushed law firms to strategically reexamine and transform operational support in a way that places a greater emphasis and value on corporate client-facing activities...

Preparing for the next economic cycle: Why law firms are looking to centers of excellence to increase operational efficiency

News Article - 02/04/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

Although the predicted time frame varies, most business economists suggest that a recession is on the horizon within the next two years, ...

Suppliers in the spotlight: A look at procurement priorities for law firms in 2019

Resource - 04/02/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

 

Procurement plays an essential role in law firms’ ability to reduce and contain costs, manage risks and improve the level of supplier service delivery. Reflecting procurement’s rising value, a majority of law firms (67...

The edge effect of the legal ecosystem

Resource - 31/01/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

In ecology, the term “edge effect” refers to the boundary of two or more habitats. At the edge of two intersecting habitats scientists find greater diversity of life, including unique species that are specially adapted to the...