http://www.prismlegal.com/wordpress/index.php Prism Legal Consulting, Inc. provides regular updates about interesting developments and themes in the application of technology to law practice and law business. Sun, 26 May 2013 01:46:46 GMT http://backend.userland.com/rss092 ron.friedmann@prismlegal.com ron.friedmann@prismlegal.com en Two New York Times articles on Monday make me think that lawyers have more in common with media moguls than I thought.   Solving Equation of a Hit Film Script, With Data explains that "The same kind of numbers analysis that has reshaped areas like politics and online marketing is increasingly ... http://www.prismlegal.com/wordpress/index.php?p=1279&c=1 One reason that clients of large law firms want alternative fee arrangements (AFA) is to drive efficiency. The right AFA structure motivates firms to maximize productivity. In AFA World, what does productivity mean and can firms improve it?   In Billable Hour World, "productivity" means annual hours billed ... http://www.prismlegal.com/wordpress/index.php?p=1278&c=1 A New York Times article last Monday, More Cracks Undermine the Citadel of TV Profits, offers the legal market lessons on how unbundling can shake-up established players.  With the growth of media delivery options, consumers no longer must buy bundles of channels from cable companies. They can watch ... http://www.prismlegal.com/wordpress/index.php?p=1277&c=1 Eric Chin of Beaton Capital recently wrote a nice analytic piece about the Charmed Circle law firms - the top NYC law firms. The Charmed Circle of BigLaw firms in the USA (April 9, 2013) presents an excellent financial analysis of these top firms. He invited commentary on his ... http://www.prismlegal.com/wordpress/index.php?p=1276&c=1 This is live post from the Georgetown Law conference, The Shrinking Pyramid: Implications for Law Practice and the Legal Profession. This session is Collaboration and Innovation in the New Normal. (As this is a live post, please forgive any typos or failures accurately to report speaker points.)  The academics ... http://www.prismlegal.com/wordpress/index.php?p=1275&c=1 I periodically report on personal productivity issues based on my experience. I'll start with the good news - a neat expense tracking app - and the move to the bad news, cloud disappointment and Verizon FIOS.  Expense Tracking Made Easy. I started using BizXpenseTracker on my iPhone and really ... http://www.prismlegal.com/wordpress/index.php?p=1274&c=1 I've been disappointed not to see more client-facing systems in the legal market. I recently wrote an article suggesting potential explanations.  That article was published in the premier issue (March 2013) of Legal It Today, available for download and subscription here. You can also read it on this ... http://www.prismlegal.com/wordpress/index.php?p=1273&c=1 This post is a follow-up to my January 7, 2013 post, The Role of Data Driven Models in Law Practice. I offer here ideas about data that lawyers should consider collecting and analyzing to predict and reduce legal problems.  In the earlier post, I discussed an article, In What Computer Models ... http://www.prismlegal.com/wordpress/index.php?p=1272&c=1 This post captures my live Tweets from the Ark Law Firm Pricing and Profitability Conference occuring now in NYC. This Tweet stream is from the keynote address, The State of Pricing in the Legal Profession Today, by Toby Brown, Director of Strategic Pricing & Analytics, Akin Gump Strauss Hauer ... http://www.prismlegal.com/wordpress/index.php?p=1271&c=1 Lawyers and legal market professionals need to learn to love statistics more.  More In-House Lawyers Question the Billable Hour by ACC President & CEO Veta T. Richardson in Corporate Counsel magazine (13 March 2013) criticizes a finding concerning alternative fee arrangements in the recently published Fulbright Litigation survey. ... http://www.prismlegal.com/wordpress/index.php?p=1270&c=1