Time Traveling in the Practice of Law

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I decided something the other day. You know the saying, how time seems to go faster every year. Everyone says it, but no one believes it can happen. You just get busier, so it feels that way.

I decided I don’t believe that anymore. I think time really is moving faster than it used to, we just won’t believe it because it would upset our sense of order in a big way.

Now, I could go off on a whole philosophical diatribe about the implications of such an idea, but that’s not why I brought it up. It came to mind because, when it comes to the radical changes that are evolving in our profession, the engine’s picking up steam real fast. We’re experiencing the predictions unfold into reality more quickly every day. Isn’t that the definition of time going faster?

The other reason it came to mind is that I’ve wanted to blog about the Thomson Reuters’ Pangea3 purchase for almost a week now, and here I am, Wednesday @ 2:26 pm, hoping to get this out today. So I’m pleading the time-is-going-faster defense, and decided to do something different.

I have aggregated a series of blog post links that tell a kind of story. It’s the story of the LPO marketplace, the international business environment from which Thomson Reuter’s purchase evolved, and why it’s such a big deal. In these posts, you will find facts, opinions and insights into what is happening RIGHT NOW, how it affects you and some predictions for what’s to come.

I’ve included the last post because it is true, and the perfect proof is the lack of response to the Thomson Reuters deal. The business world is busy making end-runs around law firms and the piece of the information marketplace they have so successfully guarded all these years. And if you think the first (or second or third) draft of Tesco-like legislation for the US isn’t sitting on someone’s hard drive (or cloud server) as we speak, think again. From chaos emerges opportunity, and what a great opportunity the legal services delivery market has become!

Republished with author's permission from original post.

Donna Seyle
I founded Law Practice Strategy in 2010 as a resource and information center on the future of law practice and legal technology, focusing on the needs of solos and small firms. LPS offers on-going updates and resources related to why and how to integrate technology and the cloud, project management, alternative fee arrangements, and content marketing to create a successful law practice design.

1 COMMENT

  1. Well, one thing that the legal, financial, educational, and news information giant, Thomson Reuters, has not been accused of is ignorance. Given that this multi-billion-dollar company has acquired 100% of the shares of an Indian legal outsourcing provider, after also recently deciding, for “strategic” reasons, to sell its profitable and high-profile U.S. bar exam preparation course (BAR/BRI), you can assume that some very smart money is betting on a tectonic shift in the Western legal landscape.

    Padmavathi Shanthamurthy
    http://www.sddglobal.com
    High-end legal outsourcing

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