Notes on the future of Big Law Firms
Beaton Capital hosted an elite forum the future of BigLaw firms with leaders of major law firms in Australia… These notes on the future of BigLaw firms cover some of the highlights of the forum.Continue reading
Managing director of alternative firm Plexus, Andrew Mellett, told Australasian Lawyer of his belief that despite the vast majority of Australian legal work still being undertaken by traditional firms, overseas trends indicated that the demand for local alternative providers would keep increasing.
“The thing alternative firms have in common is that they recognise the historical model is broken, and that they are looking for different ways to add value,” Mellett told Australasian Lawyer.
Mellett believes that traditional firms are hamstrung by their cultural and structural baggage, which makes it very hard for them to adopt new models.
“There is no doubt there is a dramatic and persistent shift in the legal industry to focus on value and our whole mission is centred on it. We don’t have partners and we strip out a lot of other overheads,” Mellett said.
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