Timeframe and TranslatorHQ

Culture: An obstacle to success for law firms? Reda Bennani : Consultan t The global financial crisis that truly impacted every economy, made a lot of radical changes in the way businesses operate and generate revenue. Those that anticipated ever-demanding customer needs thrived despite competing in very tough industries. Others however lagged far behind in terms of structuring a business model that understands the realities of the global economy and corporate clients’ behaviour. There is a consensus that many big corporate law firms aren’t built to run like modern businesses. The tough reality is that modern corporations are allocating fewer resources to legal work, and establishing more strict measures to verify the efficiency and productivity of the law firm engaged. This changing environment has penalized law firms, which are already punished by their culture and structure. The Partnership structure aims to look after the partners as the ultimate financial goal. They ...

Derek Giles: Timeframe Principal Last week A colleague & I attended Legaltech 2013 that was held in an old-looking , soon-to- be restored Hilton in the heart of the big apple. It was quite different from the predicted assumptions that we have elaborated throughout the years. It is easy to get frustrated at times by the gigantic number of vendors that dived into the ever-rewarding e-discovery market, and this unjustified commercialization of the concept. On the bright spot, several practice management systems were introduced to the consultants and techies ….. just to keep things interesting. Some Exhibitors showed great energy and marketed their products in a very attractive way, e.g. Thomson Reuters stand presented a unified picture of the various applications, unlike past years they seemed to be comfortable in their own skin. I firmly believe that after several years of acquisitions, the company is now linking together all the pieces to present  ...