Commoditizing legal services

In introducing Commoditizing Legal Services, Heather writes “When many law firms are as fungible as peanut butter, savvy productization and exemplary service are differentiators”.

One of the most significant trends brought to the legal market by alternative law companies is the variety of delivery methods that make legal services less complicated and expensive, and therefore easier for clients to purchase. In response, law firms that wish to stay relevant and solvent in this increasingly competitive field need to market their services using a hybrid model. (In other words, these ‘hybrid models’ are a way of a traditional BigLaw business model firm’ remaking itself by adopting or integrating elements of the NewLaw business model. George)

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Talking with Daniel van Binsbergen, CEO and Co-founder of Lexoo

The six years since I published NewLaw New Rules – A conversation about the future of the legal services industry have been an exhilarating ride, no more so because of the inspiring people I have met as a result. Daniel van Binsbergen, CEO and Co-founder of Lexoo is one such person. We held this conversation recently.

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Talking with Lachlan McKnight, founder of LegalVision

Lachlan McKnight is the CEO of LegalVision, an award-winning NewLaw firm. I had the pleasure of talking with him recently.

1. Lachlan, the last decade has seen the proliferation of NewLaw business model providers of B2B and  B2C legal services. How does LegalVision interpret this growth and the diversity in types of provider?

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Remaking News of the Week: Traditional law firms must adapt or die

Legal Futures recently headlined Traditional law firms must adapt or die, tech GCs warn. 

The interview reported the use of what some might call melodramatic language, like ‘inertia’, ‘still stacking meetings with lawyers’, ‘unless BigLaw adapts to the way agile providers are doing things, they’re on their death bed’ and ‘they need to change their (business) model’.

The GCs head the legal functions in Monzo, Transferwise and Revolut– all tech companies. They are exposed on a daily basis to tech- and business model-based innovation in the early stages of the life cycle. As such, their voices are portents for BigLaw.

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Private equity invests in NewLaw firm Axiom

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