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2020 Vision: The Future of Legal Services

2020 Vision: The Future of Legal Services

Author: Laura Slater
Publisher: Ark Group
ISBN: 9781783582136
Published In: September 2015
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents

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In the decade leading up to the economic downturn, revenues in the legal sector grew steadily every year. But that has changed. What is more, the pace of change continues to accelerate as new non-traditional competitors emerge, technologies evolve, and client demands for cheaper more efficient services threaten firms’ profitability.

The speed of evolution is such that, looking just five years into the future, we can predict even more major changes for law firms.

Ark Group and Managing Partner’s new book – 2020 Vision: The Future of Legal Services – brings together the advice of leading industry practitioners and consultants who scan the legal horizon for indicators of change, offer their predictions, and share experience and practical guidance to help law firm leaders prepare for what is coming up next.

The Future of Legal Services features:

Patrick J. McKenna – Identifying, analyzing and constructing new opportunities out of future trends
Patrick Johansen – Evolving pricing functions into a value-focused proposition
Thomas Berman – Why making certain technology and business changes will be essential for most firms
Deborah McMurray – Having a better understanding of your clients’ needs to keep you ahead of your competition
Patrick J. McKenna – How shared leadership is increasingly being seen as win-win strategy
Jim Hassett – Legal project management: An opportunity for firms to gain a competitive advantage
Jill King – The “future normal”: Adapting to the millennial generation’s expectations
Chrissie Lightfoot – Integrating artificial intelligence (AI) into the legal profession

2020 Vision: The Future of Legal Services then closes with two intensely forward-looking pieces from Tim Mohan, and Steven J. Harper, which offer bold predictions for the evolution of the profession over the next five years.

In this fast-moving, competitive, increasingly varied environment, only the most agile firms – those able to respond rapidly to future trends – are likely to succeed.

Chapter 1: Seeing the future first – Analyzing strategic trends

Chapter 2: Beyond pricing – Legal services must learn to talk value

Chapter 3: Foretelling the future – The practice of law as it will be (Hint: Don’t be left out!)

Chapter 4: How can you stay ahead of your competition? Win more. Experience management is the answer

Chapter 5: The challenge of sharing leadership

Chapter 6: Legal project management – An opportunity for fi rms to gain a competitive advantage

Chapter 7: Legal revolution – The “future normal” and the changing nature of work

Chapter 8: Robot law

Chapter 9: Ten predictions regarding the future of larger law firms and large firm lawyers

Chapter 10: Looking for change in all the wrong places