Immediately following the Great Recession, a number of commentators believed that
the global demand for legal services was flat, if not contracting, because they mistakenly focused solely on the output of BigLaw to derive the extent of the market.
As the legal recruiting firm Major, Lindsey & Africa noted in a recent report «
the global demand for legal services... has contracted.
Not exact matches
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market
demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and
services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities
for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and
services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of
legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions,
global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
He wrote that he'd «like to caution the
legal industry about possibly having a knee - jerk reaction to the latest business development trend du jour, perhaps in response to the serious and ongoing challenges of a
global market that has produced flat or lower
demand for legal services in recent years.»
- 31) 5.2 Introduction 5.3 Market Segmentation 5.3.1 By Solution 5.3.2 By Deployment Type 5.3.3 By
Service Type 5.3.4 By Vertical 5.3.5 By Region 5.4 Evolution 5.5 Market Dynamics 5.5.1 Drivers 5.5.1.1 Focus on Decreasing Operational Budget of
Legal DEPArtments 5.5.1.2
Global Increase in Litigations 5.5.1.3 Stringent Policy and Compliance Regulations Worldwide 5.5.1.4 Increase in Mobile Device Penetration and Usage 5.5.2 Restraints 5.5.2.1 High Cost Associated With E-Discovery Solutions and
Services 5.5.2.2 Contradiction Between Data Protection and E-Discovery 5.5.3 Opportunities 5.5.3.1 Rise in
Demand for Predictive Coding 5.5.3.2 Increased Usage of Social Media Websites 5.5.4 Challenges 5.5.4.1 Less Awareness About E-Discovery 5.5.4.2 Increase in Cross-Border E-Discovery
The trend reflects a leveling off of
demand for legal services and
global uncertainty in core markets, especially Europe, even though 2015 was a record year
for U.S. mergers and acquisitions.
Mr. Roebuck added, «The firm's
global Banking & Finance practice and, in particular, its strong presence across the Asia Pacific region make it an excellent platform to
service the growing
demand from
global and regional clients
for legal advice on complex cross border banking and finance transactions in South East Asia and India.»
Demand for legal work is expected to be robust as individuals, businesses, and all levels of government require
legal services in the U.S. and internationally as
global economies expand.
It also perhaps indicates that client
demand for machine learning systems that can provide efficiencies in terms of time and accuracy are not just being
demanded by the largest
global companies based in the UK capital, but now across the country, which remains the world's second largest
legal market after the giant US market
for legal services.
As the
global demand for lower cost and efficient
legal services grows, we will see new innovations in the delivery of these
services.
Libby Jackson, who was promoted in HSF's recent partnership round, and is
global head of alternative
legal services, said in a statement that «
demand is continuing to grow and it is important that we keep investing in innovative solutions
for our clients, to ensure they are receiving the most cost - effective
service possible».
One thing that is definitely growing in the
global legal market is
legal process outsourcing — having commodity work or lower value work done by not necessarily law firms but
services based in India or the Philippines where that work is predicated upon repetitive need
for that type of work and we don't find we have the
demand for that in Canada with respect to our business.
Any lawyer running a
legal matter is a
legal project manager, however a greater need to take a stronger project management approach has come initially from the
global client market
demand for fixed priced
legal services, and the need to find further efficiencies in planning and delivering
legal matters.
The
global client market
demand for fixed priced
legal services is changing the way
legal pricing models are structured.
In the announcement ADGM acknowledges the
global demand for digital currencies, stating that «virtual currencies, although not
legal tender, are gaining interests globally as a medium of exchange
for goods and
services.»
The Abu Dhabi
Global Market acknowledges the global demand for digital currencies, stating that: «virtual currencies, although not legal tender, are gaining interests globally as a medium of exchange for goods and services.&
Global Market acknowledges the
global demand for digital currencies, stating that: «virtual currencies, although not legal tender, are gaining interests globally as a medium of exchange for goods and services.&
global demand for digital currencies, stating that: «virtual currencies, although not
legal tender, are gaining interests globally as a medium of exchange
for goods and
services.»