Business development is the act of identifying client targets,
new markets for legal services, crafting specific sales messages, and coaching attorneys to identify and win new clients.
There are a multitude of reasons that this is a bad strategy when you consider the
overall market for legal services and the dwindling market share of traditional law firms.
As well as urging government and the Legal Services Board to undertake proper research on the effect of referral fees, Council has decided that the society should argue that referral fees do not have a place
in markets for legal services and that payment of referral fees by all providers of legal...
«We believe that K&L Gates and Bell Boyd share an appreciation for the communities in which we reside, a passion for the practice of law, and an enthusiasm for the growing
global market for legal services,» K&L Gates chairman Peter Kalis and Bell Boyd chairman John McCarthy said in a statement released today.
Today's Daily Telegraph reports on a survey with news that the small generalist firm may not survive the upheavals caused by the opening up of the
English market for legal services.
We need to open up our
existing markets for legal services and develop competitive, well - regulated markets for rules and regulations that can provide better legal infrastructure to meet the demands of our complex global economy.
This joint post by Blaqwell and KMJD Consulting (Part 2 of a 3 - part strategy series) explains the available directional choices dictated by the
current market for legal services: grow broadly or grow deep.
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.
Over the next two years, we'll lead the sort of dialogue you've described, bringing together all the major stakeholders in the profession — from clients and practitioners to managing partners and regulators and teachers — to examine the
future market for legal services and to develop tools and resources to help lawyers adapt to change.
In 2008, forces that had been bubbling below the surface, long suppressed by the 25 - year
bull market for legal services, emerged to accelerate fundamental change akin to those that follow deregulation, most notably, out - of - category competition, such as law firms are seeing from legal - tech startups, «offshoring,» and other consultancies, and a decline in pricing power.
Some have estimated that almost 90 % of the people who need professional legal services do not get them and that the value of the latent
market for legal services world wide could be as high as $ 800 billion.
The competition of the
commercial market for legal services will bring affordability, albeit at an uncertain cost to quality, and the loss of the fiduciary duty, and without a law society to enforce both.
Whether it is the «Start Up of You» or some sort of legal process / legal tech idea... this course is about the business of law and how to succeed in this very
tough market for legal services...
Amid a rapidly
changing market for legal services, Blacklines & Billables takes a critical look at the cutting edge of legal technology and innovation, as well as law - firm associate success and development.
Richard Susskind has long theorized about the potential for consumer oriented intelligent systems to package legal advice to meet a vast
latent market for legal services.
Links to a lengthy interview with Richard Susskind (parts 1 and 2) who continues to provoke with his explanations of how the
English market for legal services is dramatically different from that in the United States, and how the Legal Services Act presages the future on this side of the Atlantic too.
And if we are really interested in impact we should pull scope to consider not just the
existing market for legal services, but markets that the profession struggles to serve at all — legal guidance or dispute resolution for small businesses and even the middle class.
The
Canadian market for legal services is sufficiently tight in certain communities and sectors, that adoption of inflexible rules has implications for access to justice.
and «The Little Guy has simply been priced out of
the market for legal services.
Ultimately,
the market for legal services will do the heavy lifting for us, by encouraging and exploiting alternatives to lawyers in those market sectors in which we are least interested.
Last month, Harvard Law School hosted the conference, Disruptive Innovation in
the Market for Legal Services, featuring Harvard Business School Prof. Clayton M. Christensen, author of the seminal 1997 book, The Innovator's Dilemma.
If you want real insight into how
the market for legal services has changed over the past six years, you owe it to yourself to revisit this post.
The CMA Market Study examines the operation of
the market for legal services.
You see, in the last six years,
the market for legal services has undergone fundamental — and probably irreversible — changes.
You see, in the last six years,
the market for legal services has undergone fundamental — ...
Enrico Schaefer at The Greatest American Lawyer suggests the shrinking BigLaw sector may not be a bad thing at a macro level since it will provide an opportunity for foundational change in
the market for legal services as new legal service models (e.g., alternative billing) start competing with the traditional approaches (e.g., billable hour), and clients start to have real choices.
This report looks at whether
the market for legal services works effectively and concludes that it does not.
Look, globalization information technology and what I often call the kind of blurring together of traditional categories like law versus business, or global versus local, or public versus private, these three things are reshaping everything about our world and as lawyers of course we should think they're going to reframe us about what it means to be a lawyer,
the market for legal services, how we connect with our clients, the kinds of things that we do and how we do them.
The market for legal services has become, and will continue to be, more competitive.