It is not obvious either what the opportunities or
challenges of alternative business structures are within the scope of our current regulatory model.
Not exact matches
The rise
of technology in legal practice, the growing pressures from clients to reduce legal fees and the rise
of alternative business structures (ABS) in the U.K. and Australia have created new opportunities and
challenges.
Law providers, both existing and start - up, operating in the
alternative business structures landscape — and global legal market place for that matter — will require a different type
of approach to their
business: even more client - focused but with a far lower cost - base to enable them to meet the
challenges and exploit the opportunities that lie ahead.
Law firms currently face a myriad
of challenges (to name just a few...): technological advances, changing market
structure, big data, predictive analytics,
business model re-design,
alternative career
structures, changing talent pools, emerging new working patterns,
alternative talent requirements.