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LEX MACHINE

 

Innovation, technology and lawyers: how the market changes and what we have to know to succeed

€ 21,00

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When we talk about change in the legal profession, we discuss about innovation and technology. Daring concepts, strangers to the national forensic tradition.
This book was born to respond to a widespread need for understanding and answers. What is really happening in the market? What does innovation mean? In how many ways can the concept be declined in the area of legal services? What place has the technology in all of this? Which role can it really play in the upcoming years? And what about artificial intelligence? What will the new competitive scenario be? And which characteristics the lawyers able to compete in the future will have?
A punctual chronicle that explains the role played in this season not only by the law firms, but also by the start-ups, the legal tech companies, the alternative legal service providers, the big fours and especially customers.
An in-depth journalistic analysis that for the first time addresses the theme from an Italian perspective. Not theories, but facts and figures that show how the future that is so much talked about is, in fact, already present.

Nicola Di Molfetta was born in Andria, Puglia, in 1976 and he moved to Milan in 2001.
He is a specialized journalist in economics and finance, and he has been working in the legal services market, in particular those concerning the business lawyers, since 2006.
He has been directing legalcommunity.it, the first digital information platform dedicated to business law in Italy and its fortnightly MAG, from January 2014, as well as coordinating all the publications of LC Publishing Group (financecommunity.it, inhousecommunity.it, foodcommunity.it, iberianlawyer.com).
Previously, he worked for Il Sole 24 Ore with the directors Guido Gentili and Ferruccio de Bortoli, Panorama Economy with Sergio Luciano and Lettera 43 with Paolo Madron.
He was also the Director of Top Legal between 2008 and 2011.

In 2017 he published «2006-2016 Avvocati d’Affari: segreti, storie protagonisti» for LC Publishing.

Editor
LC srl

Format
Bound

Published
Dec. 2nd, 2019

Pages
204

Language
Italian

Isbn
ISBN 978-88-942934-1-8

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Il Sole 24 Ore: “The tech challenge of lawyers between uncertainty and opportunity“, Dec. 2nd, 2019

Summary – Il Sole 24 Ore published the news on the publication of the second book of Nicola Di Molfetta by LC Publishing Group.

Law firms are struggling with technological innovation, which forces lawyers to be always updated. It is the era of the so-called new law, induced, among other things, by the creation of the first legal tech start-ups, by the entry of artificial intelligence in the studies, by different methods of managing the activity of the studies, where new occupational figures such as innovation managers, programmer lawyer, psychologists and general counsel have appeared.

All this has been based on traditional competences, which for lawyers are the study of law and legal aid, but with new perspectives. Legal tech, in fact, is becoming an increasingly important industry, able to attract important investments and to modify the competitive scenario of the market. A horizon that in Italy is beginning to glimpse, while abroad there are already law firms that recognize innovation as a strategic priority.

How to combine tradition and technological innovation? How could we be prepared for it? These are some of the questions answered by Nicola Di Molfetta in his book “Lex machine. Innovation, technology and lawyers: how the market changes and what we have to know to succeed“.

2006-2016

AVVOCATI D’AFFARI

Segreti – Storie – Protagonisti

€ 29,00

AVAILABLE

They are the protagonists of a market worth more than EUR 2 billion a year. Their studies represent the professional infrastructure on which the economy of the country is based. They are lawyers who have also learned to be entrepreneurs, creating complex, multidisciplinary and international organizations.
This book tells about the Italian business lawyers and the leading firms of the 2006 – 2016 decade. This time frame has radically changed the sector with the arrival of the Anglo-Saxon law firms and the birth of the great national studios and superboutiques.
«What we have witnessed – writes Nicola Di Molfetta – was a sort of Twentieth Century of the profession in which, in fact, we passed from telegraph to world wide web».
This is an indispensable testimony to understand the dynamics that have guided the evolution of this sector through the stories of its main actors.
Under the lens, the relationships, projects, strategies and backgrounds of a still little known professional élite.

Nicola Di Molfetta was born in Andria, Puglia, in 1976 and he moved to Milan in 2001.
He is a specialized journalist in economics and finance, and he has been working in the legal services market, in particular those concerning the business lawyers, since 2006.
He has been directing legalcommunity.it, the first digital information platform dedicated to business law in Italy and its fortnightly MAG, from January 2014, as well as coordinating all the publications of LC Publishing Group (financecommunity.it, inhousecommunity.it, foodcommunity.it).
Previously, he worked for Il Sole 24 Ore with the directors Guido Gentili and Ferruccio de Bortoli, Panorama Economy with Sergio Luciano and Lettera 43 with Paolo Madron.
He was also the Director of Top Legal between 2008 and 2011.

Editor
LC srl

Format
Bound

Published
20/11/2017

Pages
304

Language
Italian

Isbn
ISBN 978-88-942934-0-1

Legal information
Privacy
Terms and condition
Withdrawal form

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  • Il Foglio “BUSINESS LAWYERS, THE GREAT BUSINESS OF BUSINESS FACILITATORS” – Gianluca Ferraris, 21st Dec. 2017 

Extract:

WHO ARE THE BIG LAW FIRMS IN THE CITY AND WHY ITALIANS HOLD INTERNATIONAL COMPETITION. BETWEEN NOBILITY AND GLOBAL-LOCAL.
“On 25 January 2006, Corriere della Sera reported the assault of lawyers of the City of London in Milan. The tones were decisively more alarming compared to those of a similar piece published a few years earlier, still hungover by global economy (“Legal? Only if Anglo-Saxon”),: between protectionist ambitions and references to a market that would have lost its identity, seemed to see the same paean pronounced for other pieces of made in Italy, from footwear to food. The threat has increased in the span of two lustrum, and today the magic circle of active business studies in the country is still formed mainly by the big national signs, contrary to what happened in Germany or France, although of course the major international firms have gained their market share. Milan is a natural epicentre, since around the city gravitate more than 80% of employees and turnover in the sector: about 2 billion euros that “remain the prerogative of an élite nowadays numerically restricted, since we speak of less than 10% of the professionals, and still golden in spite of a race to the bottom of the tariff”, as explained to Il Foglio the editor in chief of legalcommunity and Mag, Nicola Di Molfetta, who has been following for over a decade developments in the sector and has just published the essay Business Lawyers (LC Publishing). The era of salons and relationship capitalism is finished or downsized, with the lawyer Franzo Grande Stevens, acting as proconsul of Fiat company under the Madonnina, grisaille as those of Berardino Libonati, Natalino Irti, Guido Rossi and Carlo D’Urso to preside almost every Board of Directors and surnames become brands (Gianni Origoni Grippo, Bonelli Erede Pappalardo, Chiomenti) to seal large mergers and privatizations, the backturbulence of the big capital, to put it in Piketty’s terms, they have led in recent years to a redefinition of the role and function of the most important law firms.” (continues….)
  • Press review “Cassa forense” – Dec. 19th, 2017

Extract – from the article written by Giovanni Negri for Il Sole 24 Ore, Dec. 12th, 2017

(…) “In 2007, the market already counted more than 5,000 professionals at the first hundred business firms active in Italy. 10 years later, more than 6,000 are active only in the first 50 professional associations engaged in this sector. In the same period of time, there were about 700 partners of these studies who changed careers, legitimising the phenomenon of “professional divorces” once considered a cause of scandal within the legal class and making it, in the long run, a custom. Only in the last five years of the decade that we are observing, that is between 2012 and 2016, it is estimated that these side passages have moved more than 400 million turnover.
There is therefore great effervescence and difficulty in identifying a single model of professional study, when, after the competition law, there is also a cautious entry of the capital shareholder. The book drops many veils and traces the identikit of what in the end remains still a stranger (because, rightly asks Di Molfetta, everyone knows what a bank is, but not a business lawyer?): still in 2015 44% of the companies with a turnover of more than 50 million, did not use a lawyer, for any reason, not even for legal one.”

  • Corriere della Sera – “BUSINESS LAWYERS REVOLVING DOORS” – Isidoro Trovato, Dec. 18th, 2017

Extract:

In 2017 the number of professionals who have “changed casacca” has increased, shifting a turnover of 66 million euro. M&A and Tax are the sectors with most changes.The phenomenon of armchair changes, during the last decade, has gone from an extraordinary event to a characterizing element for the legal business community. An in-depth analysis of this trend can be found in «2006-2016 Avvocati d’Affari: segreti, storie protagonisti», the book just published by Nicola Di Molfetta, editor of Mag and Legalcommunity. What has happened in recent years in the advocacy market resembles somewhat the geological phenomenon of the drift of the continents. According to the analysis of Di Molfetta, this process has been fueled by several factors: «First of all, the need for some organisations to acquire excellence skills quickly, the willingness of some lawyers to set up their own professional projects or to increase their profits, the opportunity offered to others to become the representatives of an international sign in Italy and then again the review of the staff of overgrown structures, the cuts, the crisis». And then it is worth analyzing the movements of this 2017 that has involved the partners of the active law firms in Italy. According to the MAG-legalcommunity observatory, the last twelve months have recorded 86 « lateral hire», that is 16% more than the same period last year. In terms of turnover, however, these steps moved 9.5% more” (continues…)
  • Il Sole 24 Ore “IF LEGAL STUDIOS CHANGE SKIN” – Giovanni Negri, Dec. 12th, 2017.

Extract:

“It is not the world. But it is certainly a world. We are talking about the world of leading legal services that in the ten years have changed and are still changing the business of attorney profession. Nicola Di Molfetta’s book «Avvocati d’affari Segreti, storie, protagonisti» (Lc editor, pp. 304, € 29) focuses on this and it highlights what is happening not only in the halls of large studios, but also in the whole sector of the profession. It is unavoidable to compare what the author himself does not fear to qualify as a «golden minority», about 20 thousand professionals who, only with reference to the highest range, move more than 2 billion in turnover every year, with the majority of the Bar (about 250,000 registered at Albo)”.

Extract:

“Lettera43.it publishes an extract on “The derivation of consultants”. In his book Nicola Di Molfetta tells stories and secrets of the protagonists who in 10 years have revolutionized a sector.
Lettera43.it publishes an anticipation of the book 2006-2016 Business lawyers: secrets, stories, protagonists. The chapter is entitled “The drift of consultants” and tells in time laps 10 years of armchair revolutions that have changed the geography of this sector.” (continues…)