The “Private-Equity Playbook” for Legal Tech
What PE firms typically do once they buy into a legal tech software vendor, why they do it, and where customers can get burned.
We're all busy. Chronically so. As Henry David Thoreau said,
"It's not enough to be busy. So are the ants. The question is: What are we busy about?"
One thing is certain, if you want to be less busy, hiring a manager to report to you is not always the answer. Even a Junior Manager brings extra overhead.
Sometimes, you'd be better off, for example by,
"creating standard processes for handling queries and ideas from front-line people, that will help them make and execute good decisions faster."
Just one of the excellent insights from one of Michael Mankins' early works.
https://hbr.org/2014/06/the-true-cost-of-hiring-yet-another-manager
What PE firms typically do once they buy into a legal tech software vendor, why they do it, and where customers can get burned.
Last week, I commented on a LinkedIn post that discussed CLM failures and why they are occurring at such high rates. And the human toll these...