Sentences with phrase «legal value chain»
Depending on an organization's place in the legal value chain, these costs are not always immediately apparent.
http://bluehillresearch.com/ Not exact matches
«Our relationship with Constellation and the commitment to work together to develop and market regulated recreational cannabis - based beverages, when and where they are federally legal, is a critical step in our move up the value chain.»
British supermarket chain Tesco is facing legal claims that it is paying women less than men for work of equal value, in a case that lawyers estimate could ultimately cost it as much as 4 billion pounds ($ 5.6 billion) in compensation payments.
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«We're making sure that our networks and our connections expand to all verticals and various channel partners across the whole value chain so that we can be connectors as opposed to just dispensers of legal advice, and create a brand that has value.»
«Progress so far,» Goodman writes, «indicates that the current application of legal AI could well be part of an evolution that will be a game changer for legal services, not because it will change the basic premise of what lawyers do — or replace them all — but because it will create shifts in the value chain, and therefore change the legal business model in terms of legal services procurement, billing — and margins.»
For consumers, moving away from the «job shop» business model with hourly billing rates towards the «value - chain» business model with fixed fees for discrete legal services.
The «unbundling legal services and online delivery,» as it's the path towards the «value - chain business model» and opening up service to the latent legal market.
As automation begins to nip at the heels of that work, LPOs are wisely moving up the value and risk chain and doing more substantive work, such as legal research, compliance projects, and, of course, contract review.
Some additional distinctions between Liam Brown's «law company» and the traditional law firm include: (1) performance and reward structures that value output over input; (2) closer alignment with the financial and enterprise objectives of the consumer; (3) a corporate structure that takes a long - term, client - centric view over profit - per - partner; (4) continuous process improvement; (5) investment in technology; (6) focus on «the right resource for the task»; (6) compressed delivery time; (7) a continuous quest to use technology and process to automate tasks and gather «big data» for benchmarking, predicting, and quantifying risk; (8) a transparent, 24/7/365 accessible connection with legal consumers; (9) supply chain management expertise; and (10) reduced cost.
Eversheds Sutherland's team of more than a dozen business - minded lawyers and professionals stays current on trends in the liquefied natural gas (LNG) industry, while building upon experience gained from legal representation of clients engaged in nearly every aspect of the LNG value chain.
How much work will migrate from corporations and law firms to other parts of the value chain is anyone's guess at this stage; however, it is probably fair to assume that multi-sourcing (the use of multiple sources of legal service delivery) is likely to increase.
If lawyers don't up their game, specialize and move up the value chain, they will be disintermediated by the likes of Legal Zoom, Rocket Lawyer and ROSS Intelligence.
The ecosystem construct is an interesting way to look at the world and when (if) we can pull the legal industry into the 21st century, it will provide better guidance than the long - useful, but now outdated, value chain model.