From Prism Legal’s Strategic Legal Technology:
Last week the Times Online published Eversheds report looks at how ‘perfect storm’ will affect the legal profession (18 Mar 2010), which provided an advance look at “Law firm of the 21st century – The clients: revolution – An Eversheds report on the post-recession legal sector in 2010″. The report, due for general release on March 22, is a fascinating read – bad news for Big Law but good news for legal tech managers and outsourcers.
Eversheds bases its report on a survey of 130 general counsel and 80 law firm partners about the state and future of the legal market. The firm concludes that “the revolution has now arrived”. And it is not a good one for Big Law. Interestingly, Evershed’s research finds that the recession was not so much the driver of change as the catalyst for it. Driving the change are four secular trends:
• globalisation – the move to the East
• increasing professionalism and status of the General Counsel
• technology
• the Legal Services Act in the UK.
Strategic Legal Technology – Eversheds: “the revolution has now arrived”
