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Founded in 1995, its collaborative approach to content management made it popular among among lawfirms virtually out of the gate, and it was acquired eight years later for $171 million by Interwoven. billion purchase price and years of litigation that continues even now. billion of the $11.1 billion of the $11.1
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He has worked extensively with Fortune 500 corporations and ALM 100 lawfirms, helping them optimize their litigation spend through the strategic application of technology, process efficiency, and expert personnel.
When building a law practice, don’t try to serve everyone. I started a small lawfirm in Detroit in 2009 with a friend of mine. Litigation for auto dealers in Detroit, corporate work for dentists in Chicago, and estate planning work for young families in Charlotte are all multimillion-dollar niche opportunities.
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legal market , Thomson Reuters and the Center on Ethics and the Legal Profession at Georgetown Law say that 2024 was a pivotal year for lawfirms, marking the beginning of the end for the traditional lawfirm business model and perhaps also of the billable hour. in 2005-2009 to 19.1% during the same period.
If a lawfirm is unable even to decide whether its staff should return to the office, or when that return should happen, or how to structure that return, then how can that firm implement lasting and innovative changes in its technology infrastructure and systems? This is not to say that 2021 was without innovation.
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If a lawfirm is unable even to decide whether its staff should return to the office, or when that return should happen, or how to structure that return, then how can that firm implement lasting and innovative changes in its technology infrastructure and systems? This is not to say that 2021 was without innovation.
In 2009, Autonomy acquired Interwoven for $775 million, and then in 2011 Hewlett Packard purchased Autonomy for $11.1 But the Autonomy acquisition turned into a fiasco for HP due to alleged accounting improprieties by Autonomy, resulting in both litigation and a write-down of nearly $8.8 billion, getting iManage in the deal.
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