Legal Technology News - E-Discovery and Compliance Blog

« ALCoder 4.0 | Main | Rule 34 & Form of Production »

November 21, 2008

#2009 EDD Predictions

2009forecast My predictions may be very obvious — but I expect we will see even-more escalated Darwin activity:

1. The collapse of a significant number of vendors, who fail because of overly-optimistic expectations that they will "revolutionize" the market with their "unique" product that has no competitors. (Whenever a vendor marketer tells me the vendor has no competitors I know that company will be gone in a year.)

Vendors will fail if they do not:
* have carefully constructed and realistic business plans.
* have a solid financial foundation.
* understand the challenges of the legal industry (particularly fear in Baby Boomer firm leaders).
* educate the profession (read: talk in plain English).
* listen to their users and offer first-class customer service.
* effectively market so they rise above all the white noise.

2. While the big 3 (Thomson-R, LexisNexis, & Wolters K) will continue to gobble up companies, I will not be surprised if because of the collapsing financial industry, the feeding frenzy slows down a bit next year.

3. Niche vendors will continue to thrive -- especially those who offer stellar customer service, generating fierce loyalty.

As Browning Marean sez, "Fasten your seatbelts, we are in for a lot of turbulence in 2009."

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8345280a669e2010536157f87970c

Listed below are links to weblogs that reference #2009 EDD Predictions:

Comments

Post a comment

Comments are moderated, and will not appear on this weblog until the author has approved them.

This weblog only allows comments from registered users. To comment, please Sign In.

Sign Up for the E-Discovery and Compliance Newsletter



An Affiliate of the Law.com Network

From the Law.com Newswire

Sign up to receive Legal Blog Watch by email
View a Sample

Contact EDD Update


Subscribe to this blog's feed



RSS Feed: LTN Podcast

Monica Bay's Law Technology Now Podcasts are also available as an RSS feed.

Go to RSS Subscribe page




February 2012

Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29      

Blog Directory - Blogged