The Geek In Review
Factor's Ed Sohn and Michael Callier on Leading through New Law
Jan 13, 2022
Factor's Ed Sohn and Michael Callier discuss consulting for in-house legal teams through New Law companies. They emphasize the importance of social learning and creating a culture conducive to technology adoption. They also talk about the fear of loss associated with change in the legal industry. The podcast explores Thompson Reuters' reversal of cutting down Westlaw attorney help desk services and potential tech influences in the legal industry. The concept of New Law and Factor is introduced, highlighting their focus on client relationships and understanding social dynamics. The podcast concludes with a discussion on overcoming the fear of change and addressing volatility in the legal profession.
44:20
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Quick takeaways
- New Law companies help in-house legal teams integrate into the overall mission of the corporation by providing consultation for alternative legal strategies.
- The fear of change in the legal industry is not about change itself, but rather the loss associated with it, highlighting the need for a well-rounded business perspective and collaboration between new law providers and law firms.
Deep dives
New Law Consultants: The Future of In-House Legal Teams
Factors Ed Sohn and Michael Callier discuss the value of new law consultants in helping in-house legal teams avoid risks and improve workflows. These consultants offer expertise in legal domain and knowledge, combined with consulting and advisory techniques to allow clients to better perceive their own needs. By bridging the gap between traditional law firms and new law providers, new law consultants can provide insights into operational efficiency, organizational alignment, and strategic decision-making. Collaboration between new law consultants and law firms is also seen as a way to provide a holistic and comprehensive approach to serving clients.
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