An Evolving Regulatory Relationship: China, Hong Kong, and the United States
Hong Kong is among the world’s top three financial centers. It has maintained favorable economic relationships with both the United States (“U.S.”) and the People’s Republic of China (“PRC”) for decades, serving as an “economic Switzerland” of sorts between the two superpowers. Given the recent tension between the U.S., the PRC, and Hong Kong, this […]
Implementing Generative AI Effectively in Legal Teams
INTRODUCTION Generative AI (GenAI) has emerged as a groundbreaking subset of artificial intelligence (AI) with the potential to revolutionize virtually every industry, including the legal field. GenAI is capable of creating new and original content, rather than simply processing or analyzing existing data. For legal teams, this presents both exciting opportunities and unique challenges that […]
TOM Attribute No. 2: Staffing Models – The Winning Formula for Staffing Structure
INTRODUCTION This article marks the third installment in a series on designing target operating models (“TOM”) to optimize legal department performance. As previously discussed, the 7 Attributes of TOM provide best practices to achieve this goal. This article will focus on Attribute No. 2: Staffing Model—the most important attribute because people are the most critical […]
TOM Attribute No. 1: Scope and Remit
“Leadership is More About Clarity than it is About Control.” Mark Goulston INTRODUCTION What do legal professionals, police officers and fire fighters all have in common? Their performance depends on role clarity. In my previous article, I described seven critical attributes for legal department performance. This piece delves into the first attribute: “Scope and Remit.” […]
Target Operating Models (TOM) Design: Why TOM is Critical for Legal Departments
“Design is not just what it looks like and feels like. Design is how it works” Steve Jobs Over the last 25 years in the legal industry, I have worked for great companies in private practice, inhouse and for alternative legal service providers (“ALSP”) in the US, UK and China. Within that time, much has […]