Different niche, same principles: what sales leadership taught me about legal innovation content.
Spent the weekend at my EO forum retreat in Scottsdale.
I got to hangout with @thescottleese over dinner and drinks.
130K+ followers on LinkedIn.
Hundreds of podcast episodes.
A thought leadership platform I admire.
What I didn't expect was how generous he'd be with the playbook.
Over dinner and drinks we got into what it actually takes to execute a thought leadership strategy at scale.
The discipline. The consistency. The willingness to keep showing up when the algorithm doesn't reward you.
A few things stuck with me.
Reach follows reps, not hacks.
Your podcast is your relationship engine.
Trust compounds. You can't shortcut it.
I've built my audience around legal innovation. Scott built his around sales leadership.
Different niches, same principles.
I left with a notebook full of ideas I'm already working into my own approach.
If you're not following Scott Leese yet, fix that.
He's the real deal.
Grateful for the conversation, Scott. Looking forward to the next one.
Gen AI is ๐ฎ๐ป ๐ฒ๐
๐๐ถ๐ป๐ฐ๐๐ถ๐ผ๐ป ๐ฒ๐๐ฒ๐ป๐ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฐ๐๐ฟ๐ฟ๐ฒ๐ป๐ ๐น๐ฎ๐ ๐ณ๐ถ๐ฟ๐บ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐บ๐ผ๐ฑ๐ฒ๐น and not all firms are poised to make the leap.
๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ณ๐ถ๐ for traditional legal services ๐ถ๐ ๐ฐ๐ฟ๐๐บ๐ฏ๐น๐ถ๐ป๐ด ๐ฏ๐ฒ๐ป๐ฒ๐ฎ๐๐ต ๐ผ๐๐ฟ ๐ณ๐ฒ๐ฒ๐ as we speak.
The current law firm business model was as solid as bedrock 3 years ago but that's no longer the case.
This isn't a Chicken Little moment because ๐๐ต๐ฒ๐ฟ๐ฒ'๐ ๐ฎ๐ ๐บ๐๐ฐ๐ต ๐ผ๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ป๐ผ๐ ๐ฎ๐ ๐๐ต๐ฒ๐ฟ๐ฒ ๐ต๐ฎ๐ ๐ฒ๐๐ฒ๐ฟ ๐ฏ๐ฒ๐ฒ๐ป ๐ณ๐ผ๐ฟ ๐ณ๐ถ๐ฟ๐บ๐ ๐๐ต๐ผ ๐ฎ๐ฟ๐ฒ ๐ฝ๐ผ๐ถ๐๐ฒ๐ฑ to capitalize on the transformation.
There is ๐ด๐ผ๐ถ๐ป๐ด ๐๐ผ ๐ฏ๐ฒ ๐ฎ ๐ฟ๐ฒ๐๐ต๐๐ณ๐ณ๐น๐ถ๐ป๐ด ๐ผ๐ณ ๐๐ต๐ฒ ๐ฑ๐ฒ๐ฐ๐ธ ๐ถ๐ป ๐น๐ฒ๐ด๐ฎ๐น ๐๐ฒ๐ฟ๐๐ถ๐ฐ๐ฒ๐.
๐ฆ๐ผ๐บ๐ฒ ๐ณ๐ถ๐ฟ๐บ๐ ๐๐ถ๐น๐น ๐ป๐ผ๐ ๐บ๐ฎ๐ธ๐ฒ ๐๐ต๐ฒ ๐ณ๐ผ๐๐ป๐ฑ๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐น๐ฒ๐๐ฒ๐น ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ necessary fast enough and lose market share to those who do.
There are fundamentals in the legal industry that create innovation headwinds:
โข ๐๐ผ๐ป๐๐ฒ๐ป๐๐๐-๐ฑ๐ฟ๐ถ๐๐ฒ๐ป ๐ฑ๐ฒ๐ฐ๐ถ๐๐ถ๐ผ๐ป-๐บ๐ฎ๐ธ๐ถ๐ป๐ด slows rates of change
โข ๐๐ฎ๐๐ฒ๐ฟ๐ฎ๐น ๐บ๐ผ๐ฏ๐ถ๐น๐ถ๐๐ of lawyers inhibits long-term investment
โข ๐๐ฒ๐ฎ๐น๐๐ต๐ ๐ฝ๐ฟ๐ผ๐ณ๐ถ๐ ๐บ๐ฎ๐ฟ๐ด๐ถ๐ป๐ make the status quo sticky
โข ๐๐ฎ๐๐ต ๐ฏ๐ฎ๐๐ถ๐ ๐ฎ๐ฐ๐ฐ๐ผ๐๐ป๐๐ถ๐ป๐ด and ๐ฟ๐ฒ๐๐ถ๐ฟ๐ฒ๐บ๐ฒ๐ป๐ ๐ต๐ผ๐ฟ๐ถ๐๐ผ๐ป๐ impair capital expenditures
โข ๐๐ฎ๐ ๐๐ฐ๐ต๐ผ๐ผ๐น๐ aren't keeping pace w/change (roughly half offer AI classes)
โข ๐๐บ๐ฝ๐ผ๐๐ฒ๐ฟ๐ถ๐ป๐ด ๐ป๐ผ๐ป-๐น๐ฎ๐๐๐ฒ๐ฟ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐ฟ๐ sufficiently can be a struggle
โข ๐ฅ๐ถ๐๐ธ ๐ฎ๐๐ฒ๐ฟ๐๐ถ๐ผ๐ป can create friction towards fundamental change
โข ๐๐ฎ๐ฐ๐ธ ๐ผ๐ณ ๐ฑ๐ถ๐๐ฒ๐ฟ๐๐ถ๐๐ ๐๐ถ๐๐ต๐ถ๐ป ๐น๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ranks of many firms limits OOB thinking
So, is the law firm world doomed?
No...but ๐๐ต๐ฒ๐ฟ๐ฒ ๐๐ถ๐น๐น ๐ฏ๐ฒ ๐๐ถ๐ป๐ป๐ฒ๐ฟ๐ ๐ฎ๐ป๐ฑ ๐น๐ผ๐๐ฒ๐ฟ๐ associated with this transformation.
๐ง๐ต๐ผ๐๐ฒ ๐๐ต๐ฎ๐ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ ๐๐ต๐ฒ๐๐ฒ ๐ต๐ฒ๐ฎ๐ฑ๐๐ถ๐ป๐ฑ๐ ๐บ๐ผ๐๐ ๐ฒ๐ณ๐ณ๐ฒ๐ฐ๐๐ถ๐๐ฒ๐น๐ ๐๐ถ๐น๐น ๐๐ถ๐ป market share and those who don't will lose it.
๐ ๐ถ๐น๐น๐ฒ๐ป๐ป๐ถ๐ฎ๐น๐ ๐ฎ๐ฟ๐ฒ ๐ฏ๐ฒ๐๐ ๐ฝ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐ฒ๐ฑ ๐๐ผ ๐น๐ฒ๐ฎ๐ฑ ๐๐ ๐ฒ๐ณ๐ณ๐ผ๐ฟ๐๐ but almost ๐ฑ๐ฌ% ๐ผ๐ณ ๐น๐ฎ๐ ๐ณ๐ถ๐ฟ๐บ ๐น๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ฎ๐ฟ๐ฒ ๐ฒ๐ญ-๐ณ๐ต and are ๐๐ต๐ฒ ๐น๐ฒ๐ฎ๐๐ ๐๐ ๐๐ฎ๐๐๐.
The AI transformation in legal ๐ถ๐๐ป'๐ ๐ท๐๐๐ ๐ฎ ๐๐ฒ๐ฐ๐ต ๐ถ๐ป๐ถ๐๐ถ๐ฎ๐๐ถ๐๐ฒ.
It requires a ๐ณ๐๐ป๐ฑ๐ฎ๐บ๐ฒ๐ป๐๐ฎ๐น ๐๐ต๐ถ๐ณ๐ ๐ถ๐ป ๐ฐ๐๐น๐๐๐ฟ๐ฒ ๐ฎ๐ป๐ฑ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐บ๐ผ๐ฑ๐ฒ๐น of the firm.
That means the shift needs to be ๐น๐ฒ๐ฑ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐๐ผ๐ฝ of the organization.
Standing up a steer co or ๐ฎ๐ป ๐๐ ๐ฐ๐ผ๐บ๐บ๐ถ๐๐๐ฒ๐ฒ ๐ถ๐๐ป'๐ ๐ฒ๐ป๐ผ๐๐ด๐ต.
Shifts this foundational have to be ๐ฑ๐ฟ๐ถ๐๐ฒ๐ป ๐ฏ๐ ๐๐ต๐ฒ ๐บ๐ผ๐๐ ๐ถ๐ป๐ณ๐น๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ in the org.
Changes will need to be made to ๐ฝ๐ฟ๐ถ๐ฐ๐ถ๐ป๐ด, the ๐ฐ๐น๐ถ๐ฒ๐ป๐ ๐ฒ๐ป๐ด๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ model, the ๐ถ๐ป๐๐ฒ๐ฟ๐ป๐ฎ๐น ๐ณ๐ถ๐ฟ๐บ ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป model, the ๐ฟ๐ถ๐๐ธ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ model, the ๐ฐ๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ strategy of the firm, etc.
Only the ๐๐ฒ๐ป๐ถ๐ผ๐ฟ ๐บ๐ผ๐๐ ๐น๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ๐ have the ๐ฝ๐ผ๐น๐ถ๐๐ถ๐ฐ๐ฎ๐น ๐ฐ๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐ฎ๐ป๐ฑ ๐ถ๐ป๐ณ๐น๐๐ฒ๐ป๐ฐ๐ฒ to ๐ฟ๐ฒ๐ฑ๐ฒ๐ณ๐ถ๐ป๐ฒ ๐๐ต๐ฒ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ in fundamental ways.
As you can see from the McKinsey & Company chart below, ๐บ๐ถ๐น๐น๐ฒ๐ป๐ป๐ถ๐ฎ๐น๐ ๐๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑ ๐ด๐ฒ๐ป ๐๐ ๐๐ต๐ฒ ๐ฏ๐ฒ๐๐ and are the most motivated to deploy it.
๐ ๐ถ๐น๐น๐ฒ๐ป๐ป๐ถ๐ฎ๐น๐ ๐ป๐ฒ๐ฒ๐ฑ to have ๐ฎ ๐๐ฒ๐ฎ๐ ๐ฎ๐ ๐๐ต๐ฒ ๐๐ฒ๐ป๐ถ๐ผ๐ฟ ๐น๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐๐ฎ๐ฏ๐น๐ฒ throughout this transformation to maximize success.
According to legal industry data provider Leopard Solutions, 40% of law firm CEOs and chairs are estimated to be 61 to 70 years old and 8% are 71 to 79 years of age.
That's almost ๐ต๐ฎ๐น๐ณ ๐ผ๐ณ ๐ผ๐๐ฟ ๐น๐ฎ๐ ๐ณ๐ถ๐ฟ๐บ ๐๐ฒ๐ป๐ถ๐ผ๐ฟ ๐น๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐๐ต๐ผ ๐ฎ๐ฟ๐ฒ ๐น๐ฒ๐ฎ๐๐ ๐ณ๐ฎ๐บ๐ถ๐น๐ถ๐ฎ๐ฟ ๐ฎ๐ป๐ฑ ๐น๐ฒ๐ฎ๐๐ ๐ฐ๐ผ๐บ๐ณ๐ผ๐ฟ๐๐ฎ๐ฏ๐น๐ฒ with the technology that's responsible for what might be the most significant transformation the industry has ever seen.
We need to ๐ฒ๐น๐ฒ๐๐ฎ๐๐ฒ ๐๐ผ๐บ๐ฒ ๐๐ผ๐๐ป๐ด๐ฒ๐ฟ ๐๐ผ๐ถ๐ฐ๐ฒ๐ to help us navigate this journey.
๐ง๐ต๐ฒ ๐ณ๐๐๐๐ฟ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐ถ๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฑ๐ฒ๐ฝ๐ฒ๐ป๐ฑ๐ ๐ผ๐ป ๐ถ๐!
Ted Theodoropoulos retweeted
On a fact finding mission. Upon entering House of Pain, my temperature was taken. Answered several questions (like the Capitol). Wore 2 face masks. Wore gloves. Brought homemade sanitizing elixir & clothe for disinfecting equipment before & after use. Nice staff at House of Pain.
Ted Theodoropoulos retweeted
Regarding the newest stay-at-home extension: Let's consider our options: During Ferguson, Gov. Nixon issued an Executive Order removing St. Louis County from command. Can Gov. Parson issue a similar EO overriding the County Executive's Order? @Eric_Schmitt @GovParsonMO
Fish & Richardson Receives ILTAโs 2016 โInnovative Project of the Yearโ Award | Fish lnkd.in/bhaukaW
Embracing Change at ILTACON, and Everywhere. lnkd.in/ek6Uf93
An early release of SPFx is now available... lnkd.in/ehmDXFZ
I'll be presenting with Brian Gough tomorrow at 12-1PM EST. Register, attend and ask lots of questions! lnkd.in/eXv87KS
โSiri, Can you please introduce Microsoft?โ lnkd.in/eRVNUAd
Webinar: 10 Tips for a Healthy SharePoint Environment lnkd.in/eJcPQvd
8 IT Projects To Prioritize When Budget's Tight - InformationWeek lnkd.in/eJM4f_8
Encouraging. Change to the AA monopoly at CLT is desperately needed. lnkd.in/eHUzBYC
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