Legal Mosaic Essays on Legal Delivery

More documents

Recommendations

Info

<strong>Legal</strong> <strong>Mosaic</strong>: <strong>Essays</strong> on <strong>Legal</strong> Delivery client-centric, efficient, transparent, and cost-effective basis. Translation: service providers came about because there was a market demand for alternatives to law firms delivery of all “legal” services. Now that the urban myth that “only law firms can deliver ‘legal’ work” has been debunked, where will the migration up the legal supply chain end for service providers? It’s difficult to predict, but service providers perform more complex work every year-as well as a greater slice of the outsourced pie. A Future of Hybrids? If law firms as we know them are unsustainable- except for a handful of “bespoke”, brand-differentiated ones- what will come of them? Some possibilities include: spin-off boutiques that practice in specialized practice areas, a proliferation of legal networks (both for firms as well as individual lawyers), legal departments within accounting firms and consultancies (an expansion of what already exists), and strategic partnerships between law firms and service providers. The days of law firm hegemony are over. Some of the more prescient ones are taking steps to reposition themselves in the marketplace, either as boutiques, as integrators of the supply chain, as stripped down firms with various subsidiaries (performing tasks once done by the “mother ship”), or as spin-offs with new business models. Then too, many continue to get bigger through mergers and acquisitions. But that is simply kicking the structural can down the road. Conclusion The precise contours of the legal delivery’s future remain fuzzy. It is clear that law firms as we know them will assume new and different forms. And the shape of those firms will be molded by client needs, not PPP. 36
<strong>Legal</strong> <strong>Mosaic</strong>: <strong>Essays</strong> on <strong>Legal</strong> Delivery Wayne Gretzky said, “I skate to where the puck is going to be, not where it has been.” Most law firms are skating to where the puck has been. There’s an open net for those who move to where it will be. 37
Page 1 and 2: Legal Mosa
Page 35: Legal Mosa

Legal Mosaic Essays on Legal Delivery

Create successful ePaper yourself

Delete template?

Save as template?