Morning Briefing: Law firms at forefront of exciting societal changes

by Steve Randall13 Jul 2015
Law firms at forefront of exciting societal changes
A group of consultants, marketers and lawyers have published findings from a year-long investigation into the future of the legal profession. Law2023 looks ahead eight years and identifies seven key factors that will enable law firms to thrive and lead some important changes in society. Among the factors, or rules, that will be important for law firms in the years ahead: 
technology will allow lawyers to bill for real value; law firms will need to think globally and be able to advise how transactions will play out in multiple jurisdictions; lawyers will need to help satisfy consumer demand for their clients to be responsive and accountable; hiring, roles and paths to career success will evolve; law firms will seek to dominate in specific niches;
law firms will have research and developments teams to enable to creation of new offerings; research and innovation will help law firms better understand and enhance the client experience.
The study concludes that disruption to the legal profession will be similar to that which has changed telecommunications, media and healthcare. The Law2023 group believes that those law firms that make changes now “have to face the hard truth that their actions today won’t be understood for years. Yet their reward will be an opportunity to reshape the legal industry.” Further details of the study can be found at

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