Mid-Sized Law Firms: Start the Revolution in the MiddleWhy mid-sized law firms may be the key to transforming the legal service delivery model
In association with:
Stuart Wilson, Former Global Chief Marketing & Business Development Officer, Dentons, and Chief Marketing Officer at KPMG
Are mid-sized law firms in a unique position to compete?
Some view this segment as facing challenges in scale, footprint and unable to afford the latest technological capabilities. Others see it as an agile, fleet-footed group able to provide tailored services with a strong personal touch—and one where firms can exploit mid-sized scale to be more responsive and tuned-in to the clients they serve.
Ark Group’s first-ever conference focused on Mid-Sized Law Firms will consider, discuss and debate the unique competitive position that mid-sized firms find themselves in today – and why mid-sized firms may be the key to transforming the legal service delivery model.
This unique event will bring together individuals who can help law firm leaders sort through the confusion of how to compete in this exponential age— shining a light on the conditions leading to unprecedented activism by law departments, identifying what’s broken in the service delivery model, understanding not only the mindset of the client, but also the tools and strategies they are employing to better control their own spend/destiny – and finally, illustrating the immense opportunity for nimble organizations to meet the demand for real innovation and service.
The legal service model (at present) seems to be stuck—which has given rise to new entrants into the legal market and increased competition. For mid-sized firms (which includes some regional shops of considerable size) there is both opportunity—because corporate legal departments see that these firms can do excellent work at much lower hourly rates—and challenge—because "law companies" (i.e. alternative legal service providers) have the necessary process, technology, and project management skills on the ready.
In most instances, mid-size firms know much more about the law than alternate service providers, but can they learn the process and leverage the technology? What impact will tools and technology have on the “redesign of the law firm service model” and how accessible and scalable are today’s tools and platforms?
Mid-sized law firms may feel caught in the crossfire between Big Law, alternative legal service providers, and their clients. If so, they may be missing a remarkable opportunity. The door has opened for some mid-sized firms to move in aggressively and take market share. And this opportunity has only just begun…