What real transformative change could look like

What real transformative change could look like is the sequel to Ken’s post on Dialogue two days ago, Stagnation and the legal services industry. Ken does us all a great service by painting a concrete picture of his view of what the future might look like. He’s putting it out there for the rest of us to think about, test and challenge what real transformative change might look like. Let’s go to it!

I often write about radical transformation in the legal industry and how it has not arrived. That line of reasoning begs the question: what could radical transformation look like?

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Classic: Technology and the future of the law

Technology and the future of the law is published as a Classic on Dialogue on Remaking Law Firms in early March to coincide with our 2018 Client Choice Awards. You may know that Neota Logic is the sponsor of the Law Firms category in the Awards.

I’ve designated Technology and the future of the law a Classic because Michael’s message and argument are so true as the passage of time is proving – and yet the evidence is that the large majority (perhaps as much as 85%, in Bill Henderson’s rendition of the innovation of diffusion curve below) of law firms are not listening.   

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Predicting the future of legal services

The reflections on Predicting the future of legal services contain three parts. 

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Legal markets and marketing: 10 Trends to watch and watch out for in 2018

The year 2008 marked a global financial crisis that was considered the worst since the Great Depression of the 1930s. It also marked the end of the traditional law firm’s 20-year bull run.

Now, a decade later, 2018 will be a make-or-break year for many firms. Some will fail while others will fracture. Some are scrambling to save themselves while others remain mired in inertia. Firms wanting to be vital and solvent are overhauling how they do business. Smart firms have already retooled.

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Deloitte shows its legal services hand

Those who watch the Big Four and BigLaw and place bets on possible future scenarios will be interested in the news that Deloitte is to become the final member of the Big Four to use an ABS structure in the UK to further its (domestic and global) ambitions.

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