23.02.2016 Views

Legal Mosaic Essays on Legal Delivery

1Tx15vb

1Tx15vb

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<str<strong>on</strong>g>Legal</str<strong>on</strong>g> <str<strong>on</strong>g>Mosaic</str<strong>on</strong>g>: <str<strong>on</strong>g>Essays</str<strong>on</strong>g> <strong>on</strong> <str<strong>on</strong>g>Legal</str<strong>on</strong>g> <strong>Delivery</strong><br />

client-centric, efficient, transparent, and cost-effective basis. Translati<strong>on</strong>:<br />

service providers came about because there was a market demand<br />

for alternatives to law firms delivery of all “legal” services.<br />

Now that the urban myth that “<strong>on</strong>ly law firms can deliver ‘legal’ work”<br />

has been debunked, where will the migrati<strong>on</strong> up the legal supply chain<br />

end for service providers? It’s difficult to predict, but service providers<br />

perform more complex work every year-as well as a greater slice of the<br />

outsourced pie.<br />

A Future of Hybrids?<br />

If law firms as we know them are unsustainable- except for a handful<br />

of “bespoke”, brand-differentiated <strong>on</strong>es- what will come of them?<br />

Some possibilities include: spin-off boutiques that practice in specialized<br />

practice areas, a proliferati<strong>on</strong> of legal networks (both for firms as<br />

well as individual lawyers), legal departments within accounting firms<br />

and c<strong>on</strong>sultancies (an expansi<strong>on</strong> of what already exists), and strategic<br />

partnerships between law firms and service providers.<br />

The days of law firm hegem<strong>on</strong>y are over. Some of the more prescient<br />

<strong>on</strong>es are taking steps to repositi<strong>on</strong> themselves in the marketplace, either<br />

as boutiques, as integrators of the supply chain, as stripped down firms<br />

with various subsidiaries (performing tasks <strong>on</strong>ce d<strong>on</strong>e by the “mother<br />

ship”), or as spin-offs with new business models. Then too, many c<strong>on</strong>tinue<br />

to get bigger through mergers and acquisiti<strong>on</strong>s. But that is simply<br />

kicking the structural can down the road.<br />

C<strong>on</strong>clusi<strong>on</strong><br />

The precise c<strong>on</strong>tours of the legal delivery’s future remain fuzzy. It is clear<br />

that law firms as we know them will assume new and different forms.<br />

And the shape of those firms will be molded by client needs, not PPP.<br />

36

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!