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Reimagining Law Firms (Part 3)
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Today’s episode is the third and final episode in a three part series on how the law firm business model will change in response to economic, competitive, and cultural trends. Our guest today is Patrick DiDomenico, the Chief Innovation Officer at leading employment law firm Jackson Lewis. Patrick literally wrote the book on KM in legal, appropriately titled Knowledge Management for Lawyers. In this episode, we talk about whether law firms are at a structural disadvantage to adapt to the legal needs of the future, the consequences of large clients keeping legal work within their in-house departments instead of hiring law firms, and the deep conflict inherent in the billable hour. Patrick also talks about his idea of what could be a “complete disruptor” of the legal industry. One example, assuming a future of non-lawyer law firm ownership, could be a sprawling, national, franchised law company backed by private equity or a group of deep pocketed investors. As always, if you like our discussion, please rate us on Apple podcasts. We hope you enjoy the conversation.
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