InCounsel Weekly #60: Chart of The Week; GCs in The Line of Fire and A&O's path to self-disruption

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CHART OF THE WEEK

Loving how well this chart shows the top 50 US firms sailing the calm blue oceans of year-on-year growth before the 2008 crisis, and its blood-stained aftermath.

If your eyes are straining, just look at the two columns on the far right.

The thing is:

Like the golden age of manufacturing and coal mining for America, BigLaw’s good old days are gone — and they’re not coming back.

Here’s the upshot (featuring a rare f-bomb), according to Jae S Um.

 

A SEAT AT THE TABLE; IN THE LINE OF FIRE

GCs have gained more heft, putting their stamp on business decisions and in the boardroom.

But with the glory comes a lot of guts, and the legal heads at Facebook are a good example of internal lawyers on the front line (and the headlines) forming a protective layer around their larger-than-life CEOs.

 

HOW A&O DISRUPTS ITSELF

I just rediscovered a 2015 article on the need for law firms to disrupt themselves, paying homage to Clayton Christensen’s “Innovator’s Dilemma”.

It uses A&O and its portfolio of three business models – A&O, Peerpoint and Belfast captive – as an applied example.

Fast-forward to 2018 and A&O’s offensive shows no sign of slowing.

In September 2017 it launched Fuse, a Lawtech incubator. It then announced that starting September this year, they’ll offer a new graduate scheme on legal technology and project management.

It seems A&O is well on the way to self-disruption 🚀

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