Nicholas Bruch

[Nicholas Bruch @NicholasBruch]

@ronfriedmann For Providers: non-lawyer ownership. For buyers: portfolio sourcing mindset (as opposed to engagement by engagement mindset).

[Nicholas Bruch @NicholasBruch]

@AlexHamiltonRad @CrispinPassmore @Nicola_Shaver @ronfriedmann @Farewill @LegalZoomUK @RocketLawyerUK @oneillpatient @kpmguk @EYnews @SlaterGordonUK @ElevateServices There is a lot to unpack here. The UK/OZ reforms have had slower impact than many anticipated, but don't confuse that with no impact. In some ways its striking how far we have come in the past decade. To @CrispinPassmore's point there are big examples of innovation.

[Nicholas Bruch @NicholasBruch]

@jborstein @AlexHamiltonRad The 3rd issue is the size of the market. Enterprise technology sounds like a sexy big market. But never under-estimate the power of inertia and the band-aid approach. My hunch is this market is big but smaller than many investors hope.

[Nicholas Bruch @NicholasBruch]

@jborstein @AlexHamiltonRad The key question is where are we in the cycle? Are we in the middle of stage 1, where more investment leads more tools or are we in the beginning of stage 2, where consolidation starts to yield a new more efficient buying and development market? The answer isn’t clear to me.

[Nicholas Bruch @NicholasBruch]

@jborstein @AlexHamiltonRad How investment relates to the sophistication piece is straightforward. It can speed up development and make tools better. Some money (probably a lot) will be wasted, but the sheer volume of money going into legal tech promises gains in functionality.

[Nicholas Bruch @NicholasBruch]

@jborstein @AlexHamiltonRad As my attention has turned toward legal tech what has amazed me is the lack of sophistication of the tools and the sheer volume of tools. These are the two central problems facing legal tech in my mind. Investment can (potentially) solve both.

[Nicholas Bruch @NicholasBruch]

@ZachAbramowitz What legal implications are you curious about?

[Nicholas Bruch @NicholasBruch]

@robsaccone @ronfriedmann @jordan_law21 @cguimond11 @ALMIntelligence Im tempted to think there will two kinds of legal service provides going forward. One group will be built around top talent. Their operational model will be built to attract, develop, compensate, and support those people. (6/?)

[Nicholas Bruch @NicholasBruch]

@robsaccone @ronfriedmann @jordan_law21 @cguimond11 @ALMIntelligence I too am skeptical full service firms can remain viable. My working hypothesis for some time has been that the market is splitting along the “expert advice” and “process expertise” fault lines. What does this mean practically? (5/?)