Morning Briefing: Collaboration culture drives rise of law networks

by Steve Randall15 Sep 2015
Collaboration culture drives rise of law networks
Every so often there is news of a newly-formed or expanded network of law firms but is it a business model that is set to surge? Mark A. Cohen, the founder of consultancy Legal Mosaic, says that they could be a “quiet giant". Writing for Bloomberg, Cohen says that law networks have grown significantly in the last 20 years and could be one of the profession’s disruptors. He highlights that large networks such as Lex Mundi are big enough in footprint and headcount to dwarf the big law firms such as Dentons and Baker & McKenzie but so far they do not have the same brand status.
With the network firms operating under individual names and their network brand they are at a disadvantage writes Cohen. However he says that if networks are structured in the right way, perhaps comprising quality boutiques or “alternative” law firms, they could become the big disruptor in the profession, driven by their inherent collaborative culture.
 
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