The future of law? You fill in the blank.

"'Bet the Farm' Versus 'Law Factory': Which One Works?" from Toby Brown and Ron Friedmann on 3 Geeks and a Law Blog (it's also posted at Friedmann's blog, Strategic Legal Technology). How will law firms adapt to change? Will there be a new business model? More than one? How can firms respond to market and client pressures for lower prices and greater efficiency and increasing specialization? What will the new firm look like? Are firms facing a "transform or die" decision? Friedmann and Brown explore these questions, possible futures for BigLaw, and what it all means for lawyers and firms, for clients, and for the practice of law. This is stuff you need to know. And while you're at it, read these posts too (list compiled by Jordan Furlong - thanks, Jordan!). More stuff you should know.

• V. Mary Abraham's "Law Firm Investment Portfolios" on Above and Beyond KM
• Steven B. Levy's "The Law Factory Debate: Another Perspective" and "Apple Meets the Law Factory" on Lexician
• John Wallbillich's "Legal Billing Rates: The Next Wave" on Wired GC
• Mark Herrmann's "Inside Straight: In Praise of Mediocrity" on Above The Law
• Jordan Furlong's "The stratified legal market and its implications" on Law21.ca