Law’s Delayed Future
Legal Mosaic
by Chrissie Wolfe
1M ago
“The future is already here—it’s just not very evenly distributed” observed William Gibson, the noted science fiction writer. He was not referring to the legal industry but could have been. While there is no shortage of self-proclaimed “disruptors,” “innovators,” and “visionaries” in the legal space, the industry is a digital laggard, misaligned with the needs of business and society. Law is an analog function in a digital world. Why is the legal industry clutching the short end of the future stick? After all, lawyers are highly educated, trained to think critically, and  high- achievers ..read more
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Dentons At Ten—What’s Next?
Legal Mosaic
by Chrissie Wolfe
3M ago
Dentons will soon turn ten—and with a characteristic bang. The firm sent a letter to its clients heralding its forthcoming birthday milestone and looking to the future. Days later, Dentons announced an historic agreement to combine with leading Indian law firm Link Legal, making it the world’s first global firm to combine with a law firm in India. The convergence of these two events is emblematic of Dentons’ commitment to “always be the firm of the future.” Dentons was formed in 2013 when Salans, Fraser Milner Casgrain (FMC) and SNR Denton combined. Dentons has been big and been bold from ..read more
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Will EY Law Change The Legal Delivery Paradigm?
Legal Mosaic
by Chrissie Wolfe
3M ago
EY’s leadership recently green lighted a major restructuring, ending months of heated speculation. The plan has two key prongs: (1) EY’s audit and advisory businesses will split; and (2) the advisory business will replace its partnership model with a publicly traded corporate structure. The restructuring presents a unique opportunity for EY Law to expand the scope and meaning of “legal services,” reinvent how they are delivered, broaden the range of legal careers for licensed attorneys and allied legal professionals, and extract greater value from the legal function by aligning and in ..read more
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Democratic Degradation Is Law’s Ultimate Disruptor
Legal Mosaic
by Chrissie Wolfe
5M ago
The legal industry has been remarkably buoyant in a tumultuous world. It has weathered 9/11, the global financial crisis, economic downturns, automation, digital transformation, domestic and international instability, and the Pandemic. Through it all, the legal sector has prospered financially, even as its resistance to change has misaligned it with business and distanced it from society. Law’s financial success has come at a steep price—the health and well-being of its workforce, an obscured purpose, and high profits but low customer satisfaction. Public trust in lawyers, legal institutions ..read more
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Why The Big Four Should Adopt A Corporate Structure
Legal Mosaic
by Chrissie Wolfe
6M ago
EY and Deloitte recently made headlines and fueled speculation by purported plans to spin-off their audit and advisory arms. EY, Deloitte, PwC, and KPMG (The Big Four) have come under protracted, intense criticism for a lack of independence in their auditing of company accounts because of fees their advisory partners generated from consulting, tax, and advisory work. A split would liberate advisory teams from those conflicts and enable them to vie for a significant chunk of additional legal work.   Untangling the audit and advisory arms would be a big deal. It would rachet up pressure on ..read more
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“New Law?”: You Ain’t Seen Nothin’ Yet
Legal Mosaic
by Chrissie Wolfe
6M ago
“New law” is a catchall industry term popularized in the aftermath of the global financial crisis. It is often linked to “legal tech,” “legal ops,” “ALSP’s,” and “legal innovation.”Each is usually considered discretely, not as part of a larger change process. That begs the question: Has new law produced change that is impactful to legal consumers and society-at-large? That is what matters. Internal Efficiency and Profit Preservation, Not Innovation The past fifteen years have produced changes in legal delivery. Legal operations has introduced established business processes, technology, and mul ..read more
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Is The Legal Function Fiddling While The Rule Of Law Is Burning? The Case For An Integrated Response
Legal Mosaic
by Chrissie Wolfe
6M ago
A categorical imperative would be one which represented an action as objectively necessary in itself, without reference to any other purpose. —Immanuel Kant At a time of profound change, upheaval, and uncertainty, individuals and society seek stability, accessibility, and wisdom from their institutions. How is the legal industry responding? Spoiler alert: neither adequately nor holistically. The legal industry has not coalesced to address the erosion of public trust in lawyers and legal institutions, lack of access to legal services for most individuals and small/mid-sized businesses, and othe ..read more
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Great Expectations: What Is Legal Talent Looking For?
Legal Mosaic
by Chrissie Wolfe
6M ago
Digital transformation and its pandemic-produced acceleration have elevated talent to a top-level business priority. For employers, it has caused them to rethink what talent means in a dramatically shifting marketplace. What are its characteristics? How does it align with corporate purpose and culture? Where does it come from? How can individual talents be melded into an integrated, data-backed team? Why is a diverse workforce intrinsically and extrinsically important and how can it be optimally managed? What is the organizational commitment to up-skilling, career-enhancement, and well-being ..read more
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Humanizing The Legal Function: What It Means And Why It Matters
Legal Mosaic
by Chrissie Wolfe
6M ago
When people have points of reference that are humanizing, that demystifies difference. —Laverne Cox The pandemic has intensified the daily battle of subsistence for hundreds of millions of our fellow humans. For the more fortunate, it has provided an opportunity to reflect, reboot, and rebalance their lives. What is our purpose? Where do we live and work? How do we achieve balance that fulfills life’s purpose? The search for purpose has contributed to “The Great Resignation.” A record number of American workers have voluntarily left their jobs. There are many reasons, of course, and a lack of ..read more
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Stakeholder Capitalism: Challenges And Opportunities For Big Law
Legal Mosaic
by Chrissie Wolfe
6M ago
Big Law has demonstrated remarkable resilience. It has weathered financial crises, economic downturns, the Big Four, automation, social change, corporate digital transformation, and the Pandemic,. Big Law channels Mark Twain— the reports of its demise have been greatly exaggerated. Large corporate law firms enjoyed a rich economic harvest in 2021. The 2022 Citi-Hildebrandt Client Advisory data through the first three quarters of 2021 compared to the same period in 2020 revealed: ·     14.7% average revenue growth ·     6.5% increase · &nbs ..read more
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