Global Unification of the Legal Profession

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🎖️1. Featured Article -Technology Implementation for Law Firms and General Counsel Offices

• Robin Snasdell is responsible for leading Morae’s law department strategy and technology consulting including the spend management business. He brings over 25 years of experience providing impactful strategy and technology consulting to law departments of global companies, law firms and government agencies. He is an accomplished professional offering a unique combination of leadership, sales, team building, solution design, process improvement, and legal and technology experience. He has extensive experience interacting with Fortune 100 General Counsels and other Legal Leaders on procurement strategies, legal service delivery models, operational improvement, cost reduction, organizational design, change management and technology innovation.

2. Global Legal Market Consolidation - How? A Billion Dollar Opportunity

3. Introduction - The Global Business of Law - What's next?

4. Global Legal Leaders. com - Website Features

5. Leaders in Legal Business - 2022

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🎖️1. Featured Article: Technology Implementation for Law Firms and General Counsel Offices

• Robin Snasdell is responsible for leading Morae’s law department strategy and technology consulting including the spend management business. He brings over 25 years of experience providing impactful strategy and technology consulting to law departments of global companies, law firms and government agencies. He is an accomplished professional offering a unique combination of leadership, sales, team building, solution design, process improvement, and legal and technology experience. He has extensive experience interacting with Fortune 100 General Counsels and other Legal Leaders on procurement strategies, legal service delivery models, operational improvement, cost reduction, organizational design, change management and technology innovation.

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There is a vast array of legal technology available today, ranging from core products like matter management/e-billing systems to highly sophisticated analytics reporting tools and collaborative portals that allow for the communication of information inside and outside an organization. Within the past few years legal technology has continued to evolve, with more options for platforms such as enterprise legal management (ELM) software, more systems being based in the cloud, and the development of specialized rapid deployment tools that can address specific “fill the gap” needs. For each technology tool there is also a variety of vendors, and every vendor’s product has its strengths and weaknesses. With all of these options, identifying the right technology and justifying its expense can be a challenge. A systematic approach to technology planning — understanding the available options, identifying what is actually needed, and evaluating the proposed system’s cost effectiveness and return on investment (ROI) — will help avoid expensive mistakes and lead to the selection of the right technology to yield the most effective long-term benefits.

Technology Benefits

The right technology offers a number of benefits. First and foremost, it helps law departments and law firms meet their clients’ evolving needs and expectations. Today’s clients expect their in-house counsel to have business acumen in addition to legal proficiency, and to provide legal services in an efficient, cost-effective manner. In turn, law departments impose similar expectations on their law firms, with a heightened emphasis on value, efficiency, and cost effectiveness of the services provided, in addition to the actual results. Technology can help law departments and law firms operate more efficiently and cost effectively. Beyond basic functions such as tracking and organizing work and cost, the emphasis of the newest technology is on enabling the efficient execution of work by legal professionals. Technology can improve communication, both internally and between inside and outside counsel. It can assist in benchmarking and provide information for advocacy regarding achieved results. Through the opportunities it offers for consistency and timeliness, it can reduce risk. Finally, it allows counsel to be more proactive, facilitating the collection of information to make better-informed decisions, allowing counsel to answer business questions on a timely basis and to communicate insights based on the most current information.

Technology Options (Continued)

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💫 To read the entire article, Tap on: Technology Implementation for Law Firms and General Counsel Offices

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2. Global Legal Market Consolidation - How? A Billion Dollar Opportunity

Over the last several decades there has been an expansion of firms, growth of networks, development of ALSPs, and the consulting professions. The expansion only increased the extraordinary market fragmentation in the legal profession. No firm or law business has a market share greater than .3%.

Problems

1. Market fragmentation in the legal markets creates inefficiencies.
2. Hundreds of thousands of law firms and related businesses offer similar services.  Firms and businesses are duplicating new innovations.
3. Clients, Market fragmentation in the legal markets creates inefficiencies.
4. Even with pronounced segmentation, clients cannot locate the exact services they require.

Results

1. Market inefficiencies increase costs to clients.
2. Innovative products/services are unable to reach the global market, increasing costs.
3. Service and product differentiation are almost impossible.
4. Unparalleled financial opportunities are lost to innovators and investors.

How? Consolidate the Global Market and Integrate the 4 practice functions (law firms, networks, ALSPs, and consultants) and the media.

This Consolidation makes 20% of the global B2B legal and accounting market easily accessible in minutes. This is $300 billion law related services.

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💫Tap over to read the full article by Stephen McGarry on the Global Legal Leaders Blog. Reader Views: 3127

Stephen McGarry (Amazon profile), BA, MA, JD, LLM (Tax), is the founder of GlobalLegalLeaders.com. He also founded Lex Mundi, WSG, AILFN & HG.org, one of the first 10 legal websites in 1995.

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3. The Global Business of Law - Newsletter

In 2024 what approach can the legal profession take to unify the highly fragmented $1.1 trillion global legal market to increase efficiency to benefit everyone?

Three years ago this was the pivotal question that became the  catalyst for this venture. It culminated in the creation of the Global Legal Leaders (GLL) website as the solution. With the understanding that the legal sector encompasses more than just law firms, but also networks, consultants, Alternative Legal Service Providers (ALSPs), and legal media, GLL set out on a mission to comprehensively bring together the recognized leaders in the global legal ecosystem.

The initial steps were targeted to identify the leading 230 law firms and their management across the 50 largest global markets. The scope broadened to encompass 50 legal and accounting networks, organizations that have invested billions in forging relationships to benefit clients. More than 20 ALSPs and 200 consultants were integrated into GLL, recognizing their crucial role. To round off the foundational framework, legal media, the essential channel for keeping the profession interconnected and well-informed were included.

Presently, the GLL platform facilitates direct access to a vast network comprising over 10,000 firms, with 600,000 professionals across 12,000 offices in 160 countries. Together, these entities offer $300 billion in annual services. GLL is accessible at no charge to the 500 organizations to advertise their expertise and interests. Individual users are invited to create a free account to tap into this expertise Each listed entity and user manage their own profiles. GLL is in 109 languages.

Newsletter's Objectives

The objective of the newsletter of the newsletter is to become the central nexus for the global legal community, offering a dependable venue for networking, sharing, and gaining insights into the international legal field. GLL, is dedicated to breaking down barriers and fostering connections between professionals and their clients. Its role is to spotlight the most influential leaders and innovators in the profession, who are at the forefront of driving the legal profession forward.

Each issue of the newsletter delivers articles and insights from leading thinkers in the profession, focusing on the business practicalities of legal practice and addressing the unique challenges you encounter. Its goal is to keep you informed of the newest trends and revolutionary practices in the legal sector.

Furthermore, your interaction with us and your colleagues via comments on LinkedIn is encouraged. This invitation extends beyond mere dialogue; it is an opportunity to connect with a community that shares your professional interests and challenges. Your active participation is crucial, enriching our vibrant business and professional community with diverse ideas and perspectives.

Thank you.

Global Legal Leaders

4. Global Legal Leaders.com - Unique Features

• The Global Legal Leaders Blog - Hundreds of articles on the business of law written by recognized leaders in the legal profession.
• Claim Your Profile: If your firm or you are already included on the website, claim you profiles for changes and to receive business referrals.
• User Profile: As a user create your own profile to us the RFP system.

• 109 Languages: The website can be translated into 109 languages.
• GLL Artificial Intelligence: You can access the entire world through ChatGPT. 4.0 already included on the website, claim you profiles for changes and to receive business referrals.3. The Global Business of Law

5. Leaders in Legal Business - 2022

Law is a profession and a business.

At its core, the argument (against advertising) presumes that attorneys must conceal from themselves and from their clients the real-life fact that lawyers earn their livelihood at the bar. We suspect that few attorneys engage in such self-deception ... Bankers and engineers advertise, and yet these professions are not regarded as undignified.

Bates v. Arizona, 433 U.S. 350, 369 (1977).

Forty (42) leaders write about their and their organization’s contribution to both. (253 Pages)

💫 Tap to read

Mission

The mission of Global Legal Leaders is to provide real-time access to the expertise of lawyers, accountants, consultants and ALSPs in 10,000 firms in 160 countries - for free.

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