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How Entrepreneurship is Dramatically
Changing
the Legal Services Industry
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With the traditional legal model being so challenged in
today's environment of intense scrutiny, why do law firms remain
hesitant to change their structure? One word: Precedence. A trust in
precedence coupled with the desire to mitigate risk creates stagnancy.
Enter entrepreneurship. Throughout this issue, you'll
see how entrepreneurial principles are shaking
up the traditional legal model and ushering in a "new normal" in the legal services
industry.
Be sure to let me know if you have any comments, and
please forward this newsletter to colleagues
who may find it informative. |
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Regards,
John O'Connor
Chief Operations Officer, Lumen Legal |
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Survey Says: A “New Normal” in Legal
Services
Over the past few months, Lumen Legal has conducted
surveys about some of the key issues in the legal industry. Legal
Industry Insights recently sat down with David Galbenski, President
and CEO of Lumen Legal, to get his take on a few of the most compelling
results.
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Better, Faster, Cheaper: Applying
Entrepreneurial Thinking to
Legal Services
Corporations are dissatisfied with the value they get
for the price they pay for many legal tasks. We at Lumen Legal call
this the price-value gap. How can firms close this gap, increase
satisfaction, and, in the process, innovate? Three words: Better,
faster, cheaper.
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Webinar: Innovation to Action
Mid-Year Update
Thursday, May 13th at 2:00PM EST
Join David Galbenski for an informative and fast-paced
35 minutes on how 2010
has become the tipping point for change in the legal services industry.
• Gain insight into how 2009 law firm financial performance is impacting
3-5 year strategies
• Understand how the recession of 2008/09 has permanently impaired
career opportunities for new lawyers
• Understand how chief legal officers are initiating change in the legal
service delivery model
Register Now |
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