During one of my recent trips to Australia, I had the good fortune to visit Brisbane and sit down with Michael Bromley of Beyond Billables to talk about the changing legal marketplace. Michael is a lawyer turned international recruiter, legal career manager, podcaster, writer and now entrepreneur. Mike and his partner, Maciek Motylinski, co-author a blog and are the co-hosts of the popular Beyond Billables podcasts where they interview legal influencers and tell 52 great stories a year about law and life.
Here's Mike's recap of our wide-ranging conversation:
In this episode of Beyond Billables, we’re speaking with someone on the absolute frontline of changing legal industry dynamics. Timothy Corcoran is a keynote speaker, consultant, author and legal commentator. With deep experience spanning two decades as a corporate executive, he guides law firm and law department leaders through the profitable disruption of outdated business models.
In our conversation with Tim, we dive deep into everything he’s learned over his career in the law. We highlight some of the most important points about economic models, and the responsibility of legal management. We also offer advice to young lawyers and set the stage for future legal practice. Tim is full of wisdom and is well worth listening to!
Listen to the full episode to hear all of the above, plus things like:
What the leaders of law firms need to recognise more often
Tim’s background and work in the legal industry
Why hiring for skill and not a short-term need is a good approach
How Tim helps firms avoid regimented thinking
Shifting economic models and why they scare some lawyers
How many law firms have disincentives for collaboration (and the cost therein)
The differences between US and Australian legal markets
How technology is the way to implement change, not the change itself
The often forgotten reason why law firms actually exist
What Tim sees coming next on the commodification front
The greatest resistance points to change in the legal sector
The ‘work hoarding’ problem
How moving from reactive to proactive is the future
What excites Tim most about the future of legal work
Listen to the full podcast here. I hope you enjoy listening to our discussion as much as we enjoyed having it!
Timothy B. Corcoran is principal of Corcoran Consulting Group, based in New York with a global client base. He’s a Trustee and Fellow of the College of Law Practice Management, and was 2014 president of the Legal Marketing Association. A former CEO, Tim guides law firm and law department leaders through the profitable disruption of outdated business models. A sought-after speaker and writer, he also authors Corcoran’s Business of Law blog. Tim can be reached at Tim@BringInTim.com and +1.609.557.7311.