How the legal services market has changed

How the legal services market has changed

It has been obvious for a long time that change was coming and that the increasing pace of the market meant traditional ways of formulating strategy were unlikely to be fast enough for law firms to be successful in the new world.

A lot has been happening in the last few years – outsourcing, new business models, technology, the need for innovation and differentiation, and the even more pressing drive for efficiency and (truly) effective strategy.

The speculation about the possibility of UK law firms attracting external investment and the potential that brought began to become reality with the emergence of new law firm franchise models and the well publicised investment in Quality Solicitors. Much of

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About the author:
Mark Smith is a Market Development Director at LexisNexis. Mark worked as a solicitor for ten years, specialising in technology and outsourcing work.