The NewLaw Movement Answers

The newlaw movement is no longer a theory but, rather, a reality. With 14 years of research highlighting the needs for change in the legal field, US firms have responded slower than their Australian and European counterparts. Today the legal landscape looks like this:

  •  The consumer market is all but captured by online providers, such as Legal Zoom. 
  •  The top 4 global accounting firms are assembling legal talent to attract work at the high-end of the market. 
  •  All firms from the Am Law 50 down to the small and medium legal firm is under pressure and are getting squeezed by client demand to deliver more value for less.
  •  The solo practitioner, while more flexible, remains constrained to meet client demands for broader practice expertise. 
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 The newlaw movement recognizes that the traditional law firm model is not able to meet the needs of today’s client’s and seeks to enlighten law firms via new concepts.  Clients are getting serious about their needs:

  •  In 2016, 4 billion dollars of market share were held back from traditional law firms. 
  •  In 2020, clients will provide 25% of their work to alternative legal providers further shutting out status quo firms. 
  •  Microsoft announced that it will discontinue legal relationships with firms that continue to bill by the billable hour.
  •  Technology will outpace the response of most firms and leapfrog economies around blockchain and artificial intelligence will leave slow adopters further behind.
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The Seven Principles of NewLaw

We are eager to do business with law firms who have insightful  leadership, the desire and the will to make substantial change to capture a high value position in today’s consumer-driven economy, and want to prepare for a technology-driven new world economy. 

  •  New Thinking - Openness to new models is critical to drive a client-centric business.
  •  Technology - Integration of people, processes, and technology will unlock new value.
  •  Business Approach - Elimination of superfluous cost and non-productive work will enable new efficiencies and flexible structures to attract market share and improve profits.
  •  Transparency and Access for Clients - Clients know what they are getting and for how much with an efficient and innovative service delivery.
  •  Automated Workflows - Synchronized work among and between firm personnel, clients, and new resources deliver efficient and productive work and drive new value.
  •  Pricing - Flexible and agile pricing combined with business intelligence create new ways to structure deals, satisfy clients’ needs, and capture new business opportunities. 
  •  Alignment - The business models align around client needs. The model enables an empowered team, clients derive improved value and the business is differentiated.

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