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 />

solidati<strong>on</strong> of back-office operati<strong>on</strong>s and enhanced IT integrati<strong>on</strong> to this<br />

struggling segment of the market. What does this portend? It suggests<br />

that legal practices, like medical <strong>on</strong>es before them, will be rolled up,<br />

streamlined, made more profitable, and, likely packaged for sale or<br />

IPO. What’s clear is that at all segments of the market, moves are being<br />

made to improve the efficiency of legal delivery and to scale it. In the<br />

case of the retail segment, such scaling might be nati<strong>on</strong>wide, but in the<br />

corporate segment globalizati<strong>on</strong> is clearly the end game.<br />

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

The UK legal market provides a view into law’s future. While ABS<br />

structures, IPO’s, and rollups may be anathema to some legal purists,<br />

they are clearly a part of today’s global legal landscape. Whether they<br />

align the interests of the various stakeholders in the legal ecosystem<br />

(law students/the Academy; legal providers; and legal c<strong>on</strong>sumers) and<br />

provide better outcomes for each remains to be seen. But <strong>on</strong>e thing is<br />

certain: the UK is in the vanguard of innovati<strong>on</strong> in legal delivery and<br />

will likely serve as the headquarters from which that change will proliferate<br />

around the globe.<br />

72

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

Saved successfully!

Ooh no, something went wrong!