In one of my earlier postings, "What's All This Garbage About Business Models?" I wrote about the legal industry's business model "under distress" as described by Cisco General Counsel Mark Chandler in his remarks made at the Northwestern School of Law’s 34th Annual Securities Regulation Institute (a link to his remarks is in the margin under the heading “Articles of Interest”). In that posting, I also pointed out some of the problem areas with the industry's business model as noted in the study of eLawForum (a link to which also is in the margin under "Articles of Interest") done by Harvard Business School Professor Clayton M. Christensen and Scott D. Anthony.
This morning, I read an excellent posting by Bill Gratsch at Blawg's Blog entitled "Changing Models: Parallels Between Music and Legal Information." I heartily recommend Bill's posting to anyone who wonders why the legal industry should worry about how it does business or why law firms should worry about their business models.
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