|Legal Blog Watch|
After the First Law Firm IPO
During the conversation, Grech described the immediate aftermath of his firm going public, what obligations the firm holds to investors versus clients, the reasons for the IPO, whether the IPO process was more difficult than expected, the post-IPO firm culture and the benefits of nonlawyer regulators.
Orrick Raises the IT Bar
Many law firms have strategic-thinking CIOs, acknowledges Ron Friedmann at the Prism Legal Consulting blog, and some also have directors of knowledge management or directors of practice services. But now Orrick, Herrington & Sutcliffe has all three: Patrick Tisdale is Orrick's CIO, Peter Krakaur is the chief knowledge officer, and Clark Cordner recently joined as director of practice and client services -- he will focus on delivering differentiated legal services enabled by IT.
"I suspect that few AmLaw 100 or 200 firms have such experienced people in all three roles," Friedmann posts. "Clients should see value in both efficiency and effectiveness. Orrick lawyers (and recruits) should find attractive a deep support organization that makes their lives easier."