http://www.globalchange.com Future of legal firms. The practice of law is changing very rapidly, mainly due to a combination of technology and globalization. Traditional Law Firms and Law Schools are being left behind rapidly.
Lawyers have enjoyed being part of a relatively protected and exclusive community, with few price pressures, little transparency over cost structures, billing by the hour, rather than offering fixed price deals, and a mystique that until now has meant they faced few challenges from their clients in the way they worked.
The future will be far less comfortable. Successful Law Firms will require far stronger customer focus: under promising and over delivering, exceeding expectations every time. It means deep insight into what it actually feels like to be a customer, with an intuitive understanding of what really matters. Key Legal Professional trends: deregulation of law firms allowing mergers with non-legal organisations, outsourcing of less specialist legal teams, commoditisation of legal services, virtual law firms. Presentation by keynote conference speaker Patrick Dixon, given at LawTech Media conference in October 2012 to Senior Partners of law firms based in the UK.