Posted on December 5, 2019 by Joseph Lamport
In the first part of this series, I wrote about how the platform business model is one of the defining features of our current state of technological and economic development, evident in such business success stories as Uber and Airbnb. A platform business is one that creates value by facilitating exchanges, of either information, good or services, among otherwise independent groups and individuals via the platform it creates. I also explained how the platform business model is of growing importance in the legal market, not so much for connecting lawyers to clients but as a means of more effectively connecting the lawyers within a firm and thereby enabling a much more efficient and far more integrated work-flow.
In this second part of the series I’m going to take a closer look at Zola Suite, part of the new generation of cloud-based law practice platforms now available on the market. Zola Suite formally launched in 2015, after a few years in development, but in fairly short order it has emerged as a market leading solution for mid-sized and larger law firms. This positions Zola in notable contrast to its better-known cloud-based provider, Clio, which has attracted a large number of solos and small firm clients to its platform.
Posted on November 12, 2019 by Joseph Lamport
In the past, law firms were held together primarily by their partnership agreements, which laid out the rules for how firm-wide decisions got made and how the spoils of collective labor would be divvied up. Law firms of the future – whether they are organized as partnerships, LLCs or some other alternative business structure – will most certainly be far more dependent on whatever practice platform they choose to adopt. It will be the practice platform, much more than the partnership agreement, that provides the insight, controls and coherence that holds the firm together.
Posted on October 23, 2019 by Joseph Lamport
Casetext keeps leading the way by introducing powerful new applications of AI in the legal research market. This week they announced the roll out of CARA Patent, a new product that leverages the power of AI technology to transform patent law research.
Posted on October 9, 2019 by Joseph Lamport
Parsons Behle Lab has embarked on an ambitious tech development effort, which represents a striking departure from the way most law firms have approached similar innovation and tech development initiatives. They are in the process of building a new type of law practice platform, which is open for other law firms and lawyers to use, and which enables participating firms to expand the services they offer to their own clients. It's a platform that seems laden with opportunity for all those who choose to get involved.
Posted on September 23, 2019 by Joseph Lamport
One of the most frustrating tendencies of technology is to create new problems while trying to solve old ones. It's reminiscent of the drinker who drinks to forget he’s drinking in the Little Prince, with the problem and solution forever chasing each other in circular fashion.
Posted on August 16, 2019 by Joseph Lamport
Editor’s Note: We recently had a chance to sit down with Greg Spicer, the CRO at Braintrace, to talk about the growing importance of information security management and the option for registration under ISO 27001 for law firms today. Braintrace is one of the top cybersecurity consulting firms in the country serving the legal, financial and government markets.