MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14
MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14
MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14
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<strong>20<strong>14</strong></strong> L<strong>AW</strong> FIRMS IN TRANSITIONBONUS: The Client PerspectiveIn October 2013, we asked the same question of Chief Legal Officers. Follow<strong>in</strong>g, <strong>in</strong> red, aretheir responses set aga<strong>in</strong>st responses from law firm leaders <strong>in</strong> this survey:In your op<strong>in</strong>ion, <strong>in</strong> 2013 how serious are law firms about chang<strong>in</strong>g their legal servicedelivery model to provide greater value to clients (as opposed to simply reduc<strong>in</strong>g rates)?0 - Not at all serious Do<strong>in</strong>g everyth<strong>in</strong>g they can - <strong>10</strong>30%% Response20%<strong>10</strong>%0%0 1 2 3 4 5 6 7 8 9 <strong>10</strong>Seriousness of law firms<strong>Law</strong> Firm perspectiveClient perspectiveMedianAverage<strong>Law</strong> firm perspective 5 4.9Client perspective 3 3.6An Altman Weil Flash Survey 12
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