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Category Archives: Australasia

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New angle on NewLaw

Posted in Australasia, Brand, Business Models, Change, Financial management, Legal Profession, Professional Service Firms (PSFs), Uncategorized

My colleague Jordan Furlong and I penned an article in August 2014 on NewLaw  for the ALPMA website. In that we defined NewLaw as “any strategy, structure, model, process or way of delivering legal services that represents a significantly different approach to the creation or provision of legal services than what the legal profession traditionally has employed”…. Continue Reading

Determine your law firm’s destiny

Posted in Australasia, Business Models, Change, Leadership, Legal Profession, Strategy

The way legal services are delivered to clients and how firms are structured to do so, should undergo a significant transformation. This must also be factored into planning for the future. So-called ‘NewLaw’ firms have been quick to capitalise on the opportunities this has presented, with an array of innovative structures and service delivery models all of their own. In this… Continue Reading

Well dang! Those nimble NewLaw firms are at it again!

Posted in Australasia, Business Models, Change, Leadership, Legal Profession, Management, Professional Service Firms (PSFs), Strategy, Uncategorized

I recently posted on nimbler firms chipping away at others’ brands. Well, it seems they have been at it again – baking some more of BigLaw’s cake and eating a few more slices along the way. Following this theme, an Edge colleague (Jordan Furlong) and I recently published a short Inventory of NewLaw in Australia focusing… Continue Reading

Don’t let nimbler law firms bake your cake and eat it!

Posted in Australasia, Brand, Leadership, Legal Profession, Personal Brand

Each year I carefully review Interbrand’s excellent report on the top 100 global brands. No professional service firm brands feature there so you may well ask, what relevance do these largely commercial or corporate brands have for law firms? The reason I do is that Interbrand provides useful summary reports as to why these brands consistently outperform… Continue Reading

Women lawyers in Australia – how you can possibly help

Posted in Australasia, Culture, Diversity, Leadership, Legal Profession, People Strategy, Trust & Respect, Values

The President of the Law Council of Australia today published a column in the ALMJ along the lines of the title of this blog post – as a request was made for readers to complete an important survey, and given the importance of the subject-matter and the tight time-frame I have taken the liberty of… Continue Reading

Volatile future will demand law firms bring more to the party

Posted in Australasia, Change, Culture, Leadership, Legal Profession, Strategy, Uncategorized

The challenging future legal and business environment which is widely anticipated will demand a lot more from law firms than providing quality legal advice. This is the view of Ian Robertson, long-standing managing partner of Holding Redlich’s Sydney office, writing in The Australian (apologies; link requires subscription or log-in) recently. This advice backs up on the… Continue Reading

Slater & Gordon and Russell Jones & Walker tie up confirms law firms as business-savvy innovators, not ‘merge or die’ desperadoes

Posted in Australasia, Brand, Business Models, Leadership, Legal Profession, Mergers and Acquisitions, Strategy, Uncategorized, Values

The world’s first listed legal practice, Australia’s Slater & Gordon (S&G), announced its agreement to buy national UK firm Russell Jones & Walker (RJW) for £53.8 million on the 30 January 2012.  My UK-based Edge International Partner Chris Bull joins me in this post as we consider some of the implications of this transaction and how the respective markets… Continue Reading

Wall Street Journal’s ‘law firms must merge or die’ revisited

Posted in Australasia, Culture, Leadership, Legal Profession, Mergers and Acquisitions, Strategy

In the recent WSJ article “Stark choice for lawyers – firms must merge or die“  author Jennifer Smith reasons that due to client and competitive pressures law firms have a ‘stark choice:  to ‘merge or die’. As a result, she says, there has been a ‘flurry’ of merger deals. The author’s conclusions are hard to reconcile… Continue Reading

Family Law practice – can it be leveraged and geographically distributed?

Posted in Australasia, Business Models, Leadership, Legal Profession, Management

I had always assumed a practice area like family law, by its nature, required direct partner intervention at every level – particularly ‘face-time’. It was also a practice that could not be commoditised. Nor could it be spread geographically. Also, unlike some other practice areas, there didn’t seem to be scope for a para-legal to… Continue Reading

Large law firms perform well but feel the heat

Posted in Australasia, Leadership, Legal Profession, Uncategorized

Despite a period of patchy M&A work, scratchy demanding clients and less ‘sticky’ partners, Australia’s ten largest law firms (Big Law Australia: BLA) have recently reported record gross fees, high equity partner profits coupled with a bullish view of their future world (Alex Boxsell and Samantha Bowers reporting in AFR 16 September 2011). However, they are… Continue Reading

Australian law firm offers senior employees opportunity to own shares

Posted in Australasia, Business Models, Culture

Employees own shares in this dynamic 105 year old Australian law firm M+K Lawyers, headed up by National Managing Director Damian Paul. M+K has embarked on a remarkable growth strategy around a unique business model and culture. Damian agreed to answer some questions: Sean: Your business model is unique and was the first of its kind… Continue Reading