One of us Neota Logicians had the great privilege last week to attend the College of Law Practice Management Futures Conference 2014. The College is unique among legal industry organizations in bringing together exceptionally experienced and engaged people who see many dimensions of legal services—law firm lawyers, the full range of other law firm professionals (COO, CKO, CMO, CIO), law school professors, legal marketing professionals, alternative legal services providers, consultants, software companies, and others.
There's been excellent coverage of the Conference as a whole: Jordan Furlong, Five For The Future; Liam Brown, Old Dog Learns New Tricks; Ron Dolin's blog Think Outside the Bar; and Storify'd tweets and other resources at Robert Richards' Legal Informatics Blog. (If we missed others, please let us know so we can update this post.)
Friday morning began with three fast, focused talks: Ron Dolin of Stanford Law School, Carla Goldstein of Bank of Montreal, and Neota Logic's Michael Mills, who essayed an eight-minute answer to the question What's Wrong With Law Practice?
Here's our answer:
Let's start with a diagram—the revenue and cost lines of the profession.