Future Law Firm Business Models

Legal Profession

Future Law Firm Business Models

By Alex Davies
Ark Group December 2018

Specifications

ISBN-13
9781783583584
Publisher
Ark Group
Publication
December 2018
Format
Paperback
Jurisdiction
U.K. ? Countri(es) for reference only

Details

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.

Table of Contents

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

Chapter 7: How the pressures for new business models mean AFAs are finally coming of age
Chris Howe, Raedbora Consulting

Chapter 8: Digital transformation: how technology is changing business models
Rob Millard, Cambridge Strategy Group

Chapter 9: Utilising technology to create law firm businesses
Jason Moyse, LawMade

Chapter 10: Listing law firms – a global trend?
Rachel Khiara, Khiara Law

Chapter 11: Adapting business models to ride the millennial wave
Rachel Brushfield, EnergiseLegal

Chapter 12: The changing legal landscape
Jae Um, Sixparsecs
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