Viral Change: The Evolution of Law Firms in a Post-COVID-19 World
Recorded On: 10/21/2020
- Registration Closed
Join us as we share a popular session from ALA Today: The Virtual Conference. Observers of the profession have long noticed that law firms talk a lot about change but that most real change only takes place around a major financial downturn. And the COVID-19 pandemic has created a severe financial crisis for many (but not all) segments of the profession. While the pandemic is prompting many firms to make several short-term changes salary reductions, layoffs, lawyers working in shifts to reduce crowding, even the construction of sneeze guards those may prove to be the easy changes. This program will focus on the mid- and long-term changes we are likely to see impacting law firms increasing incursion and success of non-law firm competitors, increasing segmentation, less associate leverage, moderation of associate salaries, increased partner capital.
Objectives
- Recognize how the short-term decisions made as a result of COVID-19 are going to affect the mid- and long-term decisions.
- Predict the mid- and long-term changes that are likely to impact the legal profession.
- Explain why these trends will accelerate now and how law firms can adapt to them.
- Identify the client priorities that are motivating these trends.
Audience Level: Intermediate
$29 for members and $79 for nonmembers
Educational Category: Legal Industry/Business Management
60 Minutes
CLM App Management Category for Functional Specialists: Legal Industry/Business Management
CLM Recertification Eligible: Yes
CLE: Participatory Credit
CPE Field of Study: Business Management & Organization
CPE Credit Eligible: 1
CPE Prerequisites: None
CPE Advanced Preparation: None
Contact us at elearning@alanet.org if you need a certificate for CPE credit.
Blane Prescott
Blane Prescott is a Consultant and the Managing Shareholder of MesaFive, LLC, a strategy and management consulting firm based in San Francisco. Prescott works with clients on a wide variety of management and strategy issues, including merger negotiations and assessments, partner compensation, economics, growth and restructuring. He is the author of more than 60 articles on law firm issues and was a Partner and Consultant with Hildebrandt International for more than 20 years. Additionally, he's served as the Chief Executive Officer and Chief Operating Officer of large law firms based in the United States.
Judy Hissong
Judy Hissong, CLM, PCC, is the President of Nesso Strategies, a law firm consultancy that speaks, trains and coaches on leadership. Hissong is a Certified Legal Manager and Professional Certified Coach. She is a Past President of the San Diego Chapter of ALA, the 2006 Annual Conference Chair, and currently serving the Association on the International Board of Directors.
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