Copy of Global Unification of the Legal Profession-

Table of Contents

1. ???Featured Article - Gerry Riskin - Future: Consulting and Advisory Services - “Oh, so you’re a consultant.

• Gerry Riskin is a Canadian lawyer and business school graduate with a global reputation as an author, management consultant, and pioneer in the field of professional firm economics and marketing. ? In 1983, Gerry co-founded The Edge Group. Over Edge's history it has topped the list in a survey depicting the most popular marketing consultants by major U.S. firms and has been named one of the top three legal consultancies by U.S. managing partners.

2. Global Legal Market Consolidation - How? A Billion Dollar Opportunity

3. Introduction - The Global Business of Law - What's next?

4. Global Legal Leaders. com - Website Features

5. Leaders in Legal Business - 2022

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1. ???Featured Article - Gerry Riskin - Future: Consulting and Advisory Services - “Oh, so you’re a consultant.

• Gerry Riskin is a Canadian lawyer and business school graduate with a global reputation as an author, management consultant, and pioneer in the field of professional firm economics and marketing. ? In 1983, Gerry co-founded The Edge Group. Over Edge's history it has topped the list in a survey depicting the most popular marketing consultants by major U.S. firms and has been named one of the top three legal consultancies by U.S. managing partners.

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We phoned you because we need help,” they’ll say. Those on the other end of this call are typically intelligent, caring lawyers involved in the leadership of their firm. They call with the optimism that maybe you can help. The caution they feel obliged to frequently offer is that the firm had a consultant before, and everyone hated her/him, so it is not clear that it would be safe to bring back another one. Often, I will get a pass because I am a former practicing lawyer and managing partner of an international firm. Maybe I will be safe, after all... It’s far from certain, but possibly worth exploring.

Planning

Many law firms don’t have a plan. Some think they have a plan, but if you ask them what it is, they don’t know. Jargon puts most firms off. If you mention “strategic planning,” many will tell you they tried that six years ago, and it was a complete failure. If we can get the jargon out of the discussion, we find that a firm typically has things it hopes to accomplish. If they believe that you can help them, they are willing to explore possibilities.

Planning is a process. Once the leadership has signed off on the process with the optimism that it will attain its objectives, people tend to cooperate to a significant degree because it seems useful enough, and we avoided calling it “strategic planning.”

Executing the Plan ...

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??Tap over to read the full article by Gerry Riskin on Global Legal Leaders' Blog.

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Gerry Riskin is a Canadian lawyer and business school graduate with a global reputation as an author, management consultant, and pioneer in the field of professional firm economics and marketing. ? In 1983, Gerry co-founded The Edge Group, which in January 2001 evolved into Edge International. Over the company’s history it has topped the list in a survey depicting the most popular marketing consultants by major U.S. firms and has been named one of the top three legal consultancies by U.S. managing partners.

Gerry has served on the Conference Board of Canada, is a visiting fellow of The College of Law in London, a visiting professor at the University of Pretoria in South Africa, and is a fellow of the College of Law Practice Management

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2. Global Legal Market Consolidation - How? A Billion Dollar Opportunity

Over the last several decades there has been an expansion of firms, growth of networks, development of ALSPs, and the consulting professions. The expansion only increased the extraordinary market fragmentation in the legal profession. No firm or law business has a market share greater than .3%.

Problems

1. Market fragmentation in the legal markets creates inefficiencies.
2. Hundreds of thousands of law firms and related businesses offer similar services. ?Firms and businesses are duplicating new innovations.
3. Clients,?Market fragmentation in the legal markets creates inefficiencies.
4. Even with pronounced segmentation, clients cannot locate the exact services they require.

Results

1. Market inefficiencies increase costs to clients.
2. Innovative products/services are unable to reach the global market, increasing costs.
3. Service and product differentiation are almost impossible.
4. Unparalleled financial opportunities are lost to innovators and investors.

How??Consolidate the Global Market and Integrate the 4 practice functions?(law firms, networks, ALSPs, and consultants)?and the media.

This Consolidation makes 20% of the global B2B legal and accounting market easily accessible in minutes. This is $300 billion law related services.

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??Tap over to read the full article by Stephen McGarry on the Global Legal Leaders Blog. Reader Views: 3127

Stephen McGarry (Amazon profile), BA, MA, JD, LLM (Tax), is the founder of GlobalLegalLeaders.com. He also founded Lex Mundi, WSG, AILFN & HG.org, one of the first 10 legal websites in 1995.

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3. The Global Business of Law

In 2024 what approach can the legal profession take to unify the highly fragmented $1.1 trillion global legal market to increase efficiency to benefit everyone?

Three years ago this was the pivotal question that became the? catalyst for this venture. It culminated in the creation of the Global Legal Leaders (GLL) website as the solution. With the understanding that the legal sector encompasses more than just law firms, but also networks, consultants, Alternative Legal Service Providers (ALSPs), and legal media, GLL set out on a mission to comprehensively bring together the recognized leaders in the global legal ecosystem.

The initial steps were targeted to identify the leading 230 law firms and their management across the 50 largest global markets. The scope broadened to encompass 50 legal and accounting networks, organizations that have invested billions in forging relationships to benefit clients. More than 20 ALSPs and 200 consultants were integrated into GLL, recognizing their crucial role. To round off the foundational framework, legal media, the essential channel for keeping the profession interconnected and well-informed were included.

Presently, the GLL platform facilitates direct access to a vast network comprising over 10,000 firms, with 600,000 professionals across 12,000 offices in 160 countries. Together, these entities offer $300 billion in annual services. GLL is accessible at no charge to the 500 organizations to advertise their expertise and interests. Individual users are invited to create a free account to tap into this expertise Each listed entity and user manage their own profiles. GLL is in 109 languages.

Newsletter's Objectives

The objective of the newsletter of the newsletter is to become the central nexus for the global legal community, offering a dependable venue for networking, sharing, and gaining insights into the international legal field. GLL, is dedicated to breaking down barriers and fostering connections between professionals and their clients. Its role is to spotlight the most influential leaders and innovators in the profession, who are at the forefront of driving the legal profession forward.

Each issue of the newsletter delivers articles and insights from leading thinkers in the profession, focusing on the business practicalities of legal practice and addressing the unique challenges you encounter. Its goal is to keep you informed of the newest trends and revolutionary practices in the legal sector.

Furthermore, your interaction with us and your colleagues via comments on LinkedIn is encouraged. This invitation extends beyond mere dialogue; it is an opportunity to connect with a community that shares your professional interests and challenges. Your active participation is crucial, enriching our vibrant business and professional community with diverse ideas and perspectives.

Thank you.

Global Legal Leaders

4. Global Legal Leaders.com - Unique Features

• The Global Legal Leaders Blog - Hundreds of articles on the business of law written by recognized leaders in the legal profession.
• Claim Your Profile: If your firm or you are already included on the website, claim you profiles for changes and to receive business referrals.
• User Profile: As a user create your own profile to us the RFP system.

• 109 Languages: The website can be translated into 109 languages.
• GLL Artificial Intelligence: You can access the entire world through ChatGPT. 4.0 already included on the website, claim you profiles for changes and to receive business referrals.3. The Global Business of Law

5. Leaders in Legal Business - 2022

Law is a profession and a business.

At its core, the argument (against advertising) presumes that attorneys must conceal from themselves and from their clients the real-life fact that lawyers earn their livelihood at the bar. We suspect that few attorneys engage in such self-deception ... Bankers and engineers advertise, and yet these professions are not regarded as undignified.

Bates v. Arizona, 433 U.S. 350, 369 (1977).

Forty (42) leaders write about their and their organization’s contribution to both. (253 Pages)

?? Tap to read

Mission

The mission of Global Legal Leaders is to provide real-time access to the expertise of lawyers, accountants, consultants and ALSPs in 10,000 firms in 160 countries - for free.

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