Full Description
Much has been written about the pace of change facing the legal industry - how certain law firm functions are being replaced by artificial intelligence and new types of service providers, how accounting firms are looking to absorb and replace law firms, and how merging into worldwide mega firms of 3,000 to 10,000 lawyers is the only way to survive. Steve Jobs and others have called this evolution "creative destruction". Richard Susskind referred to it years ago as "the end of lawyers". It is true that the legal market is facing massive change. Technology, new ways of working, alternative methods of billing, and highly disruptive new entrants have all made their mark on the traditional legal business model. The Future of Law Firm Business Models takes a look at all these trends and more, horizon-scanning for future developments, and the ways in which these issues will fundamentally change the market.
Contents
Chapter 1: The inevitability of multi-disciplinary practices Michael Roster, formerly managing partner of Morrison & Foerster's Los Angeles office Chapter 2: A world without lines means lawyers have to move beyond just law Patrick Lamb, Founding Partner of ElevateNext Law, LLP and Vice President, Elevate Services, Inc. Chapter 3: The Big Four and the legal sector - what this means for law firms Matthew Kellett, partner - UK law leader, financial services at EY Law Chapter 4: Practical challenges for a multi-disciplinary practice Rachel Khiara, Khiara Law Chapter 5: Litigation finance - how law firms and clients are leveraging capital and new business models to transform the legal market Scott Mozarsky, Vannin Capital Chapter 6: Strategic partnerships in law Tony Young, partner, BDO Chapter 7: How the pressures for new business models mean AFAs are finally coming of age Chris Howe, Raedbora Consulting Chapter 8: Digital transformation: how technology is changing business models Rob Millard, Cambridge Strategy Group Chapter 9: Utilising technology to create law firm businesses Jason Moyse, LawMade Chapter 10: Listing law firms - a global trend? Rachel Khiara, Khiara Law Chapter 11: Adapting business models to ride the millennial wave Rachel Brushfield, EnergiseLegal Chapter 12: The changing legal landscape Jae Um, Sixparsecs
