‘Law firms that bury their heads in the sand and hope things will ‘return to normal’ will wither and die.’ Karl Chapman, Chief Executive of Riverview Law
The effects of ABSs, increased regulation, advanced technology, and an increased client focus are now being felt.
The pressure for law firms to adapt, to innovate, and to drive efficiency and effective strategy to remain profitable continues tenfold.
Managing Partner’s Future of Legal Services: Expert Analysis, second edition features the sought-after views and predictions of respected industry experts on how market trends are currently shaping the future of legal services:
- Specialists on law firm finances and regulation – Peter Scott of Peter Scott Consulting and Richard Wyatt of Cambridge Blue Square Management;
- Director of strategic pricing & analytics, Toby Brown of Akin Group LLP;
- Legal consultants - Tony Reiss of Sherwood PSF Consulting, Andrew Hedley of Hedley Consulting, and legal technology writer Charles Christian;
- Project and vendor management director, Rick Kathuria of McCarthy Tétrault LLP;
- Law firm partners - Richard Turnor of Maurice Turnor Gardner LLP, Sol Irvine and Kevin Colangelo (MP) of Yuson & Irvine LLC;
- Head of knowledge management, Mark Gould of Addleshaw Goddard LLP;
- Founder and Priciple, Alex Hamilton of Radiant Law; and more...
- Not only do they reveal their visions for the future of the law firm and the ‘new world’ of legal services, but they provide expert advice on how to tackle the foreseeable challenges and opportunities.
'Firms that can combine a compelling and unique client proposition with a robust and efficient internal operating model will be the ones which build sustainable futures.' – Andrew Hedley, Hedley Consulting
'Clients will shift to law firms that not only provide excellent legal services, but are seen to be helping the client to meet their internal deliverable.' – Rick Kathuria, McCarthy Tétrault LLP
'Greater resources are required if law firms are to achieve and comply with all the Principles, Rules, Outcomes, and other requirements of the SRA Handbook.' – Peter Scott, Peter Scott Consulting
'Law firms will be much more diverse in a decade’s time, and their knowledge processes must diversify in step with organisational change.' - Mark Gould, Addleshaw Goddard LLP
'The finance function will need to report on all key performance indicators in real time and project the financial position forward, based upon the information to hand.' - Richard Wyatt, Cambridge Blue Square Management
The big winners in all this change are customers … and businesses who put customers at the heart of everything they do. What a great time to be involved in a £26bn market place! - Karl Chapman, Chief Executive of Riverview Law
While no crystal ball, this report contains expert insight on where the UK legal industry is heading, along with guidance on strategic developments that will help your firm thrive in an increasingly competitive marketplace.
Chapter 1: The innovation advantage
Chapter 2: The evolution of the market and admission of new entrants
Chapter 3: Alternative fee arrangements and competitive pricing
Chapter 4: Financial management and due diligence – Preparation as the key to success
Chapter 5: Outcomes-focused regulation – Its impact to date and thoughts on likely future repercussions
Chapter 6: Law firm governance in a challenging environment
Chapter 7: Legal project management
Chapter 8: The legal IT world is changing
Chapter 9: The future of KM in law firms
Chapter 10: Outsourcing for law firms
Chapter 11: The rise of the employee value proposition
Chapter 12: The partnership model is dead – Long live the partnership model
Chapter 13: The future of client relationship management and cross selling
Chapter 14: The in-house lawyer – A changing roleCheck our Executive Summary and full table of contents here