Bigger. Better. Both?
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30 July, 2012
A $10b (yes, ten) billion #BigLaw firm?
Dr George Beaton. Law. Strategy
Earlier this month I was quoted in the Law Institute Journal (of Victoria, Australia) musing whether there might be “ten $10 billion [global] law firms in ten years’ time”. This proposition caused one of the #BigLaw managing partners quoted in the same article to suggest “somebody needs to have a cold shower”. Is this a [...]
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25 July, 2012
The phenomenal power of social media
Dr George Beaton. Accounting. Consulting engineering. Law. Management consulting
Today was a landmark. Beaton’s First Movers seminars added to their long-standing successful over-breakfast format in Melbourne and Sydney to reach participants in the USA, UK, New Zealand, Singapore and many other parts of Australia via WebEx and Twitter. A LinkedIn First Movers group enables the dialogue to continue 24/7 anywhere.
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10 July, 2012
Disruptive business models in law: Have we seen this before?
Eric Chin. Law. Strategy
In 1994 Peter Drucker wrote “Some theories of the business are so powerful that they last for a long time. But eventually every one becomes obsolete”. How true this may prove to be about large firms is becoming a hot topic amongst leading commentators on the legal profession in many parts of the world. Theory [...]
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10 July, 2012
“There’s no entitlement whatsoever to incumbency” writes Adam Smith Esq
Dr George Beaton. Law. Strategy
In the opinion of Bruce MacEwen large law firms face a potentially ‘apocalyptic’ future. Regarded by many as the leading commentator on the economics of what’s rapidly becoming known as #BigLaw, Bruce recently wrote a major piece on Adam Smith Esq, his blog. He drew extensively on two Beaton Capital posts.
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8 July, 2012
Future of law firm profitability analysis feautured in the Global Legal Post
Dr George Beaton. Law
On 3 July Global Legal Post–a leading e-zine covering the legal profession–featured my article arguing that without re-invention profits in the BigLaw industry will plunge in the next decade. Well-managed law firms are profitable now, but for how long I ask. And I point to at least some of the answers. By George Beaton, is a director [...]
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4 July, 2012
‘Factories’ and ‘Brain Surgeons’ – Insights into management consulting
Dr George Beaton. Management consulting. Other professional services
Our recent analysis of the world’s 10 largest management consulting (MC) firms provides insights into its competitive dynamics. The MC industry is far from homogeneous with a wide range of firms varying by discipline, range of services, size and degree of globalisation. But our analysis of the Big 10 demonstrates something much more fundamental than these [...]
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