The Mad Clientist Archives - Page 41 of 87

Radical, Crazy and Off-the-Rails Moves to Expect from Law Firms

Nothing—including robots, AI, and technology—is as exciting as law firm behaviors. Law firms will become emboldened, impatient, highly strategic, and desperate as the more aggressive law firms make ever-bolder moves on the market. Stealing once untouchable laterals is commonplace. Grabbing practice groups is part of the new norm. Baker McKenzie…

Michael RynowecerSeptember 26, 2018

The Mad Clientist

More Clients than Ever Cutting Law Firm Rosters; Sets New Record

Clients are at it again. No sooner had clients cut their law firm rosters to record lows than they turn around and start cutting again. But on a much wider scale. 22% to 30% of clients are cutting, or about to cut, their law firm rosters. This sets a new…

Michael RynowecerSeptember 19, 2018

The Mad Clientist

Top 7 Client Innovation and Technology Needs

Two viewpoints dominate innovation—clients and law firms. The gap between the 2 is large. Clients say only half of all law firms are showing any sign of innovation. The law firms who are among the first to close this gap will win the innovation race, or at least take the…

Michael RynowecerSeptember 12, 2018

The Mad Clientist

The 52 Law Firms Clients Single Out as Best at Innovation

Who knew. Law firms are innovative. Well, at least half of them are, according to top legal decision makers. Clients point to 338 law firms who bring a meaningful innovation or use of technology. But, most firms bring only select aspects of client needs and priorities. These firms are on…

Michael RynowecerSeptember 5, 2018

The Mad Clientist

9 Reasons Practices Thrive While Others Struggle

Law firm performance is lumpy.A small number of practice groups thrive in up, down, and even hostile markets—while others dwindle in the best of conditions. You can see this within a law firm or across a spectrum of different law firms. Thriving practices use strategies and tactics the others don’t.…

Michael RynowecerAugust 29, 2018

The Mad Clientist

BTI Legal Innovation and Technology Outlook 2019: Clients Rank Their Needs and Law Firm Performance

BTI's newly released report delineates exactly how clients perceive 338 law firms, and which 52 are the absolute best in the eyes of clients—The BTI Innovation Champions. As the strength of innovation continues to rise, it will become more difficult for firms not embracing new strategies to catch up. BTI…

Michael RynowecerAugust 28, 2018

The Mad Clientist

10 Lessons from the 10 Most Popular Posts

The Mad Clientist, BTI’s blog, is just a few blog posts shy of 200 posts. Our goal is to make each post more insightful than the next—with an occasional break for insightful humor or offbeat topics. We also learn many lessons as to why some posts are more popular than…

Michael RynowecerAugust 22, 2018

The Mad Clientist

New York Firm to Merge with a Magic Circle Firm?

A Brief Lesson in Modern History—How Lateral Rules Were RewrittenEveryone knew you couldn’t pull laterals out of the big NY firms—until Kirkland, Paul, Weiss, and a few others did. Quinn grabbed partners out of Skadden who have now been plucked out of Quinn by Dechert. The new rules are: every…

Michael RynowecerAugust 15, 2018

The Mad Clientist

EY Circles Its Legal Prey as It Acquires Riverview

Another move, another round of guessing. The Big 4 legal services question is no longer if and when—it’s how much and how fast.How are the Big 4 going to make their law splash known? EY just took another step closer. More of a baby step than PwC setting up a…

Michael RynowecerAugust 8, 2018

The Mad Clientist

The 94 Law Firms Clients Recommend Most

Top legal decision makers have a time-honored code—they will recommend the law firms doing a much better job than anyone else. Even the most contentious competitors will share these recommendations for one simple reason—each one knows they could easily face a high-cost-of-failure circumstance—and want to know what the best options…

Michael RynowecerAugust 1, 2018