Category: Legal Innovation Blog

Last month Financial Times published its annual US Innovative Lawyers report. The report was originally conceived as an alternative way to measure law firm success. It breaks with the traditional method of looking at fees and profits as the measure of success.[…]

VQ Knowledge and Strategy Forum is an annual conference covering topics of interest for leadership, strategy, innovation and technology for the legal and professional services market. VQ Forum is arranged by VQ, with the aim to chose speakers and topics that cover the[…]

In the recent Legally Business article New start for the legal market (in Swedish) VQ founder Helena Hallgarn is interviewed among others on the changing legal profession. From an international perspective, the market has already begun to change fundamentally. New types of services are emerging, offering similar services to[…]

“Hasta la vista baby – the termination of the legal profession” is the provocative title of Mark Smith’s recent blog post at The Intelligent Challenge. In this post Mark concludes that “once you start really looking at what lawyers do, and[…]

New research from Mari Sako, a professor at the University of Oxford’s Saïd Business School, with interviews with 52 general counsel in the US and the UK from a range of major businesses – such as Tesco, Barclays, Yahoo, Goldman[…]

In his article “Innovation pays” Jordan Furlong commence that “I’m willing to wager that the one phrase most frequently spoken in partnership meetings, when the subject of potential new initiatives comes up, is: “Are any other firms doing this?” Law is virtually[…]

In “Using the iPad with My Virtual Law Practice” Stephanie Kimbro reveals which iPad apps she is using in her virtual legal practice. As most lawyers, she thinks that the iPad is still not comparable to a traditional keybord when it comes[…]

Last week Jerome Kowalski published an interesting article with the title “Are Law Firms Going to be Replaced By Internet Based Providers of Legal Services?”, a question that received, if not an answer, at least an indication of the coming developments,[…]

In the latest issue of the International In-house Counsel Journal a paper by VQ founders Helena Hallgarn and Ann Björk has been published on the topic The Digital Associate of Law Firms and the Benefits for In-house Counsel. In this paper[…]

In a recent research conducted by OMC Partners and commissioned by Practical Law Company (PLC), it has been revealed that “a law firm’s approach to knowledge management has a significant impact on the overall cost of matter delivery”. A report[…]

In a recent article in New York Times, “At Well-Paying Law Firms, a Low-Paid Corner” by Catherine Rampell, it is described how two law firms (Orrick and WilmerHale) have created so-called “permanent associate” positions that make much less money and have no[…]

Much is said about the importance for law firms to nurture their clients and to focus on building strong client relationships. But in reality, how successful are law firms on taking care of their clients? This subject has been addressed[…]

Does law firm size matter when it comes to technology solutions and knowledge management benefits? No, has been the conclusion in two recent articles that both challenge common assumptions in this area, although with different starting points. Eric Hunter, Director[…]

Twice a year, Robert W. Denny of Robert Denny Associates Inc., provides a report on “What’s Hot and What’s Not in the Legal Profession”. In a recent article in The Legal Intelligencer Robert W. Denny makes a special update on the current ongoing[…]

Since the credit crunch the buzz words for law firms have been “alternative fee arrangements” and “value added pricing”, but still the billable hour is holding strong, even though it so obviously leads to inefficiencies and does not prevail in[…]

JD Supra has made a year in review report for 2010 summarising the thoughts reflecting back on 2010 and ahead for 2011 by a number of well-reputable legal professionals. The report is well worth reading in full and consists of a diverse[…]

At Legal Tech in New York the futurist Michael Rogers presented some visionary ideas of the changing technical landscape which also will change the future role of lawyers. He described this new era as the era of virtualization, which could[…]

VQ has spent three exciting and inspiring days at LegalTech New York acquiring a lot of new insights and ideas as well as an overview of new legal market trends and technical solutions. Here are some of our thoughts from[…]

In the latest issue of Managing Partner Magazine Virtual Intelligence VQ suggests that law firms which change their views of KM can reduce their dependence on junior associates. In the article VQ discuss how KM can be used to support[…]

In his September Newsletter Nick Jarrett-Kerr tackles the imperatives of deliberate strategic planning  – not allowing the firm to meander on, in the way it has always done, but instead applying a process to make the best use of the[…]