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Future Law Firm Business Models

Future Law Firm Business Models

Author: Alex Davies
Publisher: Ark Group
ISBN: 9781783583584
Published In: December 2018
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Much has been written about the pace of change facing the legal industry – how certain law firm functions are being replaced by artificial intelligence and new types of service providers, how accounting firms are looking to absorb and replace law firms, and how merging into worldwide mega firms of 3,000 to 10,000 lawyers is the only way to survive. Steve Jobs and others have called this evolution “creative destruction”. Richard Susskind referred to it years ago as “the end of lawyers”.

It is true that the legal market is facing massive change. Technology, new ways of working, alternative methods of billing, and highly disruptive new entrants have all made their mark on the traditional legal business model. The Future of Law Firm Business Models takes a look at all these trends and more, horizon-scanning for future developments, and the ways in which these issues will fundamentally change the market.

Chapter 1: The inevitability of multi-disciplinary practices

Michael Roster, formerly managing partner of Morrison & Foerster’s Los Angeles office

Chapter 2: A world without lines means lawyers have to move beyond just law

Patrick Lamb, Founding Partner of ElevateNext Law, LLP and Vice President, Elevate Services, Inc.

Chapter 3: The Big Four and the legal sector – what this means for law firms

Matthew Kellett, partner – UK law leader, financial services at EY Law

Chapter 4: Practical challenges for a multi-disciplinary practice

Rachel Khiara, Khiara Law

Chapter 5: Litigation finance – how law firms and clients are leveraging capital and new business models to transform the legal market

Scott Mozarsky, Vannin Capital

Chapter 6: Strategic partnerships in law

Tony Young, partner, BDO