How will
traditional firms compete with New Law and Legal Tech businesses that are focussed on delivering fixed fees to clients and better work arrangements to their employees?
Not exact matches
While
traditional firms will continue to focus on the wealthier segments, those that also want to
compete for the lower end of the market and / or improve their clients» digital experience will need to determine if and how to adjust their offerings accordingly.
Matt Therian of Renaissance Capital, an IPO research
firm based in Greenwich, Conn., noted that Zipcar has a relatively «capital intensive» business model, but its strong brand image and its head start in the car - sharing market — where it
competes in some markets with for - profit rivals and such nonprofit entrants as Chicago's iGo and the San Francisco area's City Car Share, in addition, of course, to
traditional rental incumbents like Hertz HTZ, -9.08 % and Avis Budget Group CAR, -11.56 % — give it an inside track with investors.
Tesla and scores of others from
traditional automakers to technology
firms are all
competing for a slice of China's fast - growing new - energy vehicle market as the country looks to impose tough new tariffs to encourage production of «green» cars.
Big tech
firms are
competing with
traditional car companies like Ford to map our world in the detail required to get driverless cars on the road
The result is
traditional law
firms, accounting
firms, legal startups and myriad other businesses are
competing for clients.
While
traditional law
firms are often nervous about
competing with new technology - led law
firms such as Riverview Law, Wallqvist says that their longevity and experience can give them the edge if they embrace technology.
They're not just
competing with each other, they're now
competing with an ever expanding plethora of technology - driven solutions that seek to bypass
traditional law
firms altogether.
Snapshot • Conflicts prone world • Major economic blocks
competing fiercely • Few large
firms acting as consolidators • Still a
traditional model dominated by giants • Customer loyalty is low and frustration is high
Competing against
traditional recruiting
firms like Robert Half and tech - driven recruiting services like LinkedIn and InternMatch for more entry - level jobs, Hired previously focused only on tech jobs.