Typically change is incremental in the legal profession but it's gathering pace.
At the vanguard of change are in-house lawyers. By embracing innovations such as Legal Project Management, metrics & data analytics, and the use of alternative legal providers, General Counsel will not only be able to fulfil the mantra "do more with less" but also transform the in-house legal department into a powerhouse with their businesses.
It's time to embrace the new legal world order.
Buyers of legal services are in ascendance, even if they don’t entirely realize it yet. Eventually, they’ll fully appreciate the power they hold and the options at their disposal, and they’ll start to navigate among those options with ever-greater confidence and discernment. Once that day arrives, many law firms might look back fondly on these last ten years not as an unhappy time of stagnation, but rather as a relative period of gentle and graceful decline.