Legal Tech and Digital Transformation: Competitive Positioning and Business Models of Law Firms

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Legal Tech and Digital Transformation: Competitive Positioning and Business Models of Law Firms

Edited by Rupprecht Graf von Pfeil · Gerard Tanja · Robert van Beemen
Globe Law and Business December 2018

Specifications

ISBN-13
9781787422087
Publisher
Globe Law and Business
Publication
December 2018
Format
Paperback , 62 pages
Jurisdiction
International ? Countri(es) for reference only

Details

This Special Report on Legal Tech and Digital Transformation offers a practical framework on the following topics:

  • What impact do technology, legal tech and technology-based legal services have on the formulation of strategy in traditional law firms?
  • Does legal tech affect the competitive positioning of law firms?
  • Legal tech and client services delivery: will the distinctive value proposition of law firms change?
  • How does legal tech impact the traditional business models of law firms?
  • How do national and international law firms implement technology in their business model? What are best practices and what can we learn?

The report concludes with a commentary on the perspectives law firms should consider in regard to legal tech companies and legal process outsourcing (LPO) providers (and how should they respond). Will we see mergers between law firms and such new entrants and legal tech companies? How will the 'Big 4' embed legal tech in their services and where will they try to compete?

Table of Contents

Introduction

Digitalisation and legal tech
1. Digital transformation
2. Legal tech market
3. Alternative legal service providers and the Big Four

Strategies for law firms
1. General
2. New entrants
3. Demand-driven market structure
4. Substitute services
5. Intensified law firm competition

Strategy, legal tech and digitalisation
1. Digitalisation and clients
2. Digitalisation and law firms’ responses
3. Changing business models of law firms
4. Disruption, operational excellence and sound strategy

Summary
Appendix I. Strategy formulation
Appendix II. Business model canvas
Notes
About the authors
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