Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
As 2016 approaches, we asked our Market Development Directors for their insight and predictions for the development and transformation of the legal market in the next 12 months.
We considered issues affecting the market from private practice firms with sole practitioners right the way up to the international players, including barristers, in-house and public sector and saw five main themes emerging.
In an increasing global market, the larger firms
and in-house legal departments are grappling with the international nature of advice required and how to work within a virtual team across many jurisdictions.
We predict that in 2016 2 of the top 20 UK firms will merge with a US firm and 10% of the top 30 firms will enter new markets in Africa and Latin America.
Across the profession as a whole there will be increased pressure to reduce costs and provide transparency in pricing. An obvious efficiency solution is to use workflow and knowhow tools – investing in technology across the whole gamut of firm tasks.
We anticipate that firms will be deploying administrative staff and paralegals in the delivery aspect of routine legal work, allowing fewer qualified staff members to provide more complex legal advice.
Risk will be managed by using technology to manage this process including contract management and automation right the way through to learning and development tools. We predict that this will not be limited to private practice but will include local authority
legal departments and in-house teams.
Free trials are only available to individuals based in the UK
* denotes a required field
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial. See our full terms here.
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234