In the end these solutions bring down costs,
increase demand for legal services (whatever they may be), and grow the industry for the benefit of everyone in it, consumers, workers, firms and businesses alike.
Arguing that increasing the availability and affordability of lawyers will merely
increase the demand for legal services, is like saying feeding starving people will merely increase the demand for food, therefore don't do it.
They think that ABS will either be income neutral to them or will come at the expense of lawyers not in their practice area or will somehow come about either from, first, a hoped - for
increased demand for legal services or from, second, a hoped - for set of efficiencies mostly through the magic of algorithms.
This migration from firms has created a growing delta between
increased demand for legal services and a flat demand for law firms.
This helps to explain why demand for law firm service is waning at a time of
increased demand for legal services.
Not exact matches
Women, and Generation X and Y lawyers more generally, are pushing
for these changes on the supply side; clients determined to reduce
legal fees and
increase flexible
service are pulling on the
demand side.
Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company's reaction to those factors, on consumer and business buying decisions with respect to the Company's products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer
demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and / or
increases in component costs could have on the Company's gross margin; the inventory risk associated with the Company's need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and
services essential to the Company's business currently obtained by the Company from sole or limited sources; the effect that the Company's dependency on manufacturing and logistics
services provided by third parties may have on the quality, quantity or cost of products manufactured or
services rendered; risks associated with the Company's international operations; the Company's reliance on third - party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company's dependency on the performance of distributors, carriers and other resellers of the Company's products; the effect that product and
service quality problems could have on the Company's sales and operating profits; the continued
service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or
demand of products; and unfavorable results of other
legal proceedings.
Though part of the
increase in PPP was attributable to
increased demand for high - end
legal services and «unrelenting rate hikes,» they're also higher because fewer lawyers are getting a piece of the partnership pie.
It has also brought over more consumers and an
increase in
demand for quality
legal services, regardless of the practice area.
By most accounts 2013 was another lackluster year
for U.S. law firms, marked by stagnant
demand for legal services and only minimal
increases in lawyer productivity.»
- 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
Latitude CEO Ross Booher, who has seen the
increasing demand for specialized attorneys in regions like Middle Tennessee, believes that the changes could help attract
legal talent nationally, and that because large companies are able to purchase
legal services on a national scale, it will benefit these companies, Tennessee law firms, and the attorneys.
He comments on the current state of the African markets: «Overall, African economies have continued to grow, which has led to
increased demand for a range of
services including those provided by international
legal firms.
The new ecosystem is giving buyers more options, and presents the opportunity to use technology - enabled
services to meet client
demands for cost - effective solutions, to unbundle
services so clients get what they want, and to
increase collaboration among law firms, in - house counsel and alternative
legal services providers.
On
demand for legal services: The
demand for legal services is declining, and law firms that have modeled their businesses on steady
increases in
demand need to adapt, argued Helfer.
To
increase demand for litigation
services (essentially the only
legal service area out of reach of most Canadians), you must lower the cost of those
services.
The problem we're facing is that certain law schools (Ottawa, Queen's, Bond University) are
increasing the supply of would - be lawyers at a time when
demand for legal services is shrinking (a point that was driven home last week by the implosion of Heenan Blaikie).
I see an
increasing demand for this area of
legal and business
services and it is becoming recognised as a unique and specialised practice area.
«I foresee the continuing development of robust and strong economies in Africa with
increasing demands for expert
legal services,» he added.
As the
demand for legal services increases, so will the awareness of the «rule of law» principles, therefore ensuring more transparency and less corruption across private, public and social sectors.
But one of the things that they share in common is the client
demand for legal services in these areas is
increasing every year and showing no signs in slowing.
The
demand for legal services will only
increase if lawyers want to get paid less (we don't) or the government wants to
increase legal aid (they don't).
Increasing the supply of lawyers however does not appear to effectively address that
demand, because the way
legal services are currently structured they are simply unaffordable
for the majority of the public.
While developing strategies to cope with the lagging
demand for legal services, lawyer management must understand their partners» expectations so that the former may develop and begin to implement strategies to reduce costs and enhance the volume of profitable business which, in turn, leads to
increased revenue per lawyer and profits per partner.
Along with ever -
increasing competition from non-traditional
service providers, the flatlining
demand curve
for legal services does not look like it will pick back up anytime soon.
2)
Increasing demand for lawyers: this argument is basically that if you make
legal services free, people will run to the courthouse to file frivolous lawsuits.
This helps to explain why
demand for law firm
services has been flat
for three years and counting while overall need
for legal services has
increased steadily.
However, the consumer market has evolved, and as accessibility to information
increased and efficiencies through technology are offered by other types of
services / industries, consumers expect and have created
demand the same be available
for legal services.
Demand for more cost - effective
legal services models,
increased interest in self - representation, and advances in technology have made unbundled
legal services (limited scope representation) more appealing to clients.
There is a strong
demand from both consumers and businesses in the UK
for fixed costs
legal services and with the
increased competition following deregulation that
demand is here to stay and will grow.
Under his direction,
demand for ALSF's
legal services has
increased ten-fold in the past five years, estimated to have helped save African governments more than half a billion dollars.
Where, perhaps, government in the past has been too blinkered, has been by trying simply to squeeze more from the system
for the same cost (or less, when factoring in the lack of inflationary
increases) rather than addressing whether
services are procured in the right way and properly understanding the drivers
for rising costs (the latter when their own research has shown that government is itself a driver through legislation, the growing number of offences and the associated
demand for legal aid).
While there is no doubt that the foundation is not an alternative to securing Community
Legal Service funding, Baroness Scotland has made it plain that the government will not provide extra funds to meet
increased demand for pro bono advice.
In addition, that reducing pricing model permits the firm to
increase revenue through the ability to access and satisfy the latent unmet
demand for legal services.
Without
demand for legal services improving significantly, continued
increases in fees appear unsustainable.
Demand for services Applications
for civil
legal aid have
increased significantly in recent years, as can be seen in the table below.
Demand for unbundled
services is likely to
increase as individuals look
for affordable ways to access the
legal system, Toronto - area family lawyer Andrew Feldstein says in Law... Read more