IT will play an ever increasing role in the new legal landscape
Extract from ‘Mergers will still dominate another year of change – the legal landscape continues… Read more
Extract from ‘Mergers will still dominate another year of change – the legal landscape continues to change but the sector isn’t losing its footing’ written by Natalie Birrell for the ‘Western Daily Press Business Guide 2013’ in the ‘Sector:Legal’ review, pg 40.
‘“We have seen a number of new entrants to the legal services market in a variety of forms, including internet-based law firms and entrepreneurial lawyers starting their own niche practices,” said David McNamara, managing director at legal software firm, SOS, based in Bath.
“Anecdotal evidence from among our 450-strong legal client base suggests that some traditional partnerships will split up and smaller, leaner more specialist businesses will emerge with a fraction of the overheads, whilst other law firms in the mid-tier will continue to merge to achieve economies of scale”
“There seems to be a general acceptance that IT will play an ever increasing role in the new legal landscape as businesses search for more cost-effective, self-sufficient ways of delivering their services. This applies to large partnerships as much as internet-based law shops.”’