The Future of Risk Management
Conventional wisdom has suggested risks are two-dimensional, in other words, risks should be prioritised based on their impact and probability. However, there needs to be a third dimension.Continue reading
Any strategy, structure, model, process, or way of delivering legal services, that represents a significantly different approach to the creation or provision of legal services than what the legal profession traditionally has employed.
With those points out of the way, here is our brief inventory of NewLaw entities in Australia and environs. As you will see, they are invariably small or mid-tier operations.
Plexus – “We have unshackled talented lawyers from grey suits, high overheads, billable hours and the costly partnership structure – along with many other anachronisms. … We are transforming the value of legal.”
So we believe the real message of NewLaw’s emergence and early success is that practising law differently, with a greater focus on efficiency, productivity, and true alignment with both their staff and client interests, is a formula that any legal service provider can adopt. Some will find this easier than others.
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