The New Spectrum of Legal ServicesExamining the “perfect storm” of economics, demand and technological innovation and its disruption in the delivery of legal services
“The world hates change, yet it is the only thing that has brought progress.” American inventor, Charles Kettering’s words still ring true. In the last decade, law firms have finally experienced the sort of economic pressures that have plagued other industries for years. Those pressures plus the combination of client demand and technological advancement have ushered in a legal services “revolution” of sorts.
Gone are the days of only utilizing billable hours and traditional clientlawyer relationships. Instead, the legal service landscape has broadened to include contract attorney services, managed services, and outsourcing models as well as disruptive technologies engineered to maximize efficiency.
Today, firms are partnering up with technology companies to innovate and remain competitive. Other firms are utilizing data analytics to leverage data delivery in a way that dramatically reduces risk, cost and cycle time. Many clients are growing their legal departments and are using technology, alternative legal service providers, and partnering with outside counsel to design new and better systems for handling legal work.
Ark Group’s “New Spectrum of Legal Services” conference will be illustrative of the changing scope of legal service delivery. We hope you will join us this June in Chicago, where we will once again provide an ideal platform for discussion, debate, and skills development around the impact of technology, economics and client demand on the evolving spectrum of legal services.