The legal ecosystem is transforming but to what, for whom, where, why and how? Join us to learn about the next best practices and how legaltech is impacting your legal business. Learn from the people who are “walking the talk.” Hear what they are doing and what has driven them to do things differently for their clients, their people, their organisations and themselves and, how they measure and learn from success and failure. We’re going to get candid, super practical and yes, we’re going to get techy and legally innovative too!
Episode 156: Getting Started with Legaltech Projects – What’s new in 2022?
Everywhere you look there's another launch, announcement, and even more discussion about legaltech! While there is DEFINITELY more tech to choose from today, the SAME critical question remains for you to ask and answer...what's the right tech for you and your law firm?
In this podcast, Fiona McLay, Principal Lawyer & Consultant at McLay Legal answered that question, revisited her popular original video from May 2020, and provided a practical framework for getting started and implementing your legaltech projects.
Topics covered in this session included:
What’s changed since 2019 in the legaltech marketplace Common legaltech adoption challenges and how to solve them A five-step practical process for choosing the right legaltech How to kick start your legaltech projects today If you would prefer to watch rather than listen to this episode, you’ll find the video in our CLI-Collaborate (CLIC) free Resource Hub here.
If you would like to revisit Fiona’s earlier video on Getting Started with Legal Tech Projects, you’ll find it here.
Episode 155: Start Up to Scale Up – What’s different and why?
In this podcast, in the second episode of eight in the CLI’s Women Legal Business Founders and Leaders Series offered through our Legalpreneurs Lab, Women Legalpreneurs Special Interest Group, Courtney Blackman, Head of Partnerships, Lander & Rogers, facilitated a discussion about the journey from Start Up to Scale Up with three outstanding women founders and leaders from Australia:
Riz Amin, CEO, Foundd Legal Renee Coman, Mergers and Acquisitions Relationship Manager, Jonas Software Kate McAlister, Lawyer & Co-Founder, Markster Topics covered in this session included:
The difference between a start-up and scale-up How to identify, read the signs, and make the business transformation from start-up to scale-up at the right time Determining, understanding, and prioritising your product market The importance of client relationships and client-based business growth How to sustain a scaled business – what it takes, what to do, and what it looks like Developing, managing and choosing the right talent for a growing business – capabilities; FT/PT/casual; insourcing/outsourcing Funding options – bootstrap/client investment/external funding The role, challenges and opportunities of tech Helpful tools and resources for growing start-ups If you would prefer to watch rather than listen to this episode, you’ll find the video in our CLI-Collaborate (CLIC) free Resource Hub here.
Episode 154: LegalTech Around the World: Big themes, Big changes – Where to now with Legaltech?
In this podcast, the final session in CLI’s Legaltech Around the World Series, Terri Mottershead, Executive Director, CLI facilitated a panel discussion focussing on what we have learnt this year – the big themes, the big changes and what that’s telling us about where legaltech is heading.
Terri was joined by amazing guest panellists:
David Bushby, Managing Director, InCounsel Nikki Shaver, CEO & Co-Founder, Legaltech Hub Clinton Swan, International Operations/Co-Founder, Codelex Legaltech Topics covered in this session included:
What defines a legaltech ecosystem Whether or not the global legaltech market is in start-up or scale-up mode, or something entirely different, and why it matters What’s hot in legaltech right now Where the legaltech money is being spent and why The biggest challenges for legaltech development around the world The biggest opportunities arising from taking a global view of legaltech The impact of digital literacy on legaltech uptake The impact of and the difference between regulation of the legal profession vs regulation of tech What’s next for legaltech in 2023 You’ll find information about the other episodes in this series here. The series is presented in association with InCounsel.
If you would prefer to watch rather than listen to this episode, you’ll find the video in our CLI-Collaborate (CLIC) free Resource Hub here.
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Episode 153: Future 50 Series – Fractional Marketing
So much has changed in the legal workplace. We’ve heard about the gig economy. We know people are working differently and from different places now. We also know that no matter what your profession, the digital ecosystem has disrupted it and will continue to do that for a long time to come. So, have these changes opened the door to a new way to conceive work for a different workforce? Is it possible to access the right amount of expertise (not all of it), at the right time, remotely, and at the right price? Debra Andrews has answered this question with an emphatic “yes” for the marketing world and calls it fractional marketing!
Debra is the President and Owner of Marketri LLC in the USA and, a marketing guru! She has worked in senior marketing roles in 3 of the 4 big global consulting firms and as a Fractional CMO, all before launching Marketri. Marketri is a strategic marketing consultancy that provides a slice (fraction) of expertise from a whole bunch of marketing specialists in strategy, execution, and analytics to B2B companies including law firms.
So, what exactly is fractional marketing? It means instead of expanding your internal marketing team (Chief Marketing Officer, Managers, creative directors, data analysts, PR professionals, project managers, writers, graphic designers, MarTech specialists) you outsource your marketing work to a team of these specialists who provide the slice (fraction) of expertise you need from them, when you need it. For a company like Marketri, that could mean providing one person to act as a fractional (not full-time) Chief Marketing Officer. At other times, it might mean selecting a team of experts in areas relevant to the engagement. And, because the fractional specialist/teams don’t work in just one industry, it also means they bring the best of all ideas, approaches, and initiatives from all industries to the engagement. It’s customised. It’s grounded in efficiency. Being able to access this depth of expertise allows mid-sized businesses to compete with those that are much larger.
We’ve seen the rise of fractional CEOs, now fractional CMOs and other specialists, it will be interesting to see if this idea evolves into a fractional C-suite and beyond!
If you would prefer to watch rather than listen to this podcast, you’ll find the video here.
About the Future 50 Series
In the Future 50 Series we’re chatting with legalpreneurs who, through their ideas and actions, are challenging and transforming legal BAU all around the world.
If you would like to recommend people for this Series, please contact us at: CLI@collaw.edu.au.
Episode 152: Founder to CEO – What’s different and why?
With this podcast, we launched CLI’s Women Legal Business Founders and Leaders Series offered through our Legalpreneurs Lab, Women Legalpreneurs Special Interest Group.
In this, the first of eight sessions in the series, we chatted with three outstanding women founders and leaders from Australia, Singapore and the USA who have taken the journey from Founder to CEO and candidly shared that experience:
Sonja Ebron, Co-Founder, & CEO, Courtroom5 Sacha Kirk (Facilitator), Co-Founder & Chief Marketing Officer, Lawcadia Cherilyn Tan, CEO & Founder, AsiaLawNetwork.com & Tessaract Technologies Topics covered in this session included:
What changes when you move from the role of founder to CEO The benefits of having a founder vs co-founder; how this evolves; and how/why roles and responsibilities are distributed How to build an effective team: in-sourcing vs outsourcing; what you continue to do vs what the team does; the challenges of scaling, hiring the right people, contractors, retaining mindset and culture The pros and cons of international expansion The relationship between investors and founders – who wants what and how to ensure interests are aligned If you would prefer to watch rather than listen to this episode, you’ll find the video in our CLI-Collaborate (CLIC) free Resource Hub here.
Episode 151: ReinventED Legal Business: The Case Studies – Vitality Law Australia
In this podcast, a session in our ReinventED Legal Business: The Case Studies series, Terri Mottershead, Executive Director, Centre for Legal Innovation (Australia, New Zealand and Asia-Pacific) chatted with Sarah Stoddart, Founder and Director and Michele Davis, Special Counsel at Vitality Law Australia.
Vitality Law Australia (VLA) was born from a desire to do law differently and to achieve true work-life integration. It’s a non-traditional law firm specialising in healthcare, small business, property and wills and estates matters.
The small and nimble VLA team works remotely and flexibly, demonstrating the firm’s strong commitment to its clients, its business AND life outside of business too.
Client convenience, comfort, and customisation of services are at the core of VLA’s business. This includes things like meeting online rather than in person and giving advice via slide decks and images rather than long letters. VLA has done away with legal jargon, daunting meeting rooms and dark suits – they are all about helping their clients grow, in business and in life.
Topics discussed in the session included:
Why VLA is a “non-traditional legal practice” The importance of values, goals and how these shape and inform firm culture How client needs and expectations are changing and, consequently, how and why customisation is redefining legal practice How a mix of legal services and products supports and enhances the client and lawyer experience The pros and cons of flexible, remote and hybrid working for legal business owners and employees What NewLaw legal business founders need to focus on before and after they launch If you would prefer to watch rather than listen to this episode, you’ll find the video in our CLI-Collaborate (CLIC) free Resource Hub here.