alt.legal: An MBA For Lawyers!

Could lawyers -- especially in-house lawyers -- benefit from an MBA made especially for them?

From Biglaw to business and part of the way back again, Bruce Macmillan has seen the legal landscape from all sides. He is convinced that lawyers — especially in-house lawyers — would benefit from an MBA made especially for them, and he’s working to make it a reality.

In the U.K., which Bruce calls home, experimentation is taking place in law firm models, with non-lawyer ownership of law firms allowing for outside investment and service/technology hybrids. Globally, alt.legal business models are proliferating, pulling in talent, and steering over $8.4 billion revenue from traditional legal practices.

Accordingly, the choices for in-house lawyers are more complicated than ever. In the future (present?), general counsel will have to be able to distinguish between a good technology (or service) investment, and the flavour-of-the-month hype. Once they determine who to bring on, they will likely have to make a business case to justify purchase and implementation.

Bruce believes his MBA (with CASS Business School) will help turn GCs into “senior business leaders” who will “use what they have learned to run a great legal team,” or even move on to non-legal roles.

To read the full interview, click here.

#LegalTech #lawyer #altlegal #Biglaw