Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Electronic circuit board. Photo: raigvi/Shutterstock.com

The storm isn’t coming—it’s here. Since the U.K. Solicitors Regulation Authority first allowed law firms under its jurisdiction to accept equity from nonlawyers back in 2012, debate has raged about whether the United States should do the same. The fallout from those decisions threatens to have huge ramifications for the legal profession, but when it comes to the way law firms are engaging with technology and disruption, nonlawyer ownership is more of an accelerant than the spark lighting a “Mission: Impossible”-style fuse.

For starters, even without any game-changing ownership on the table, the U.S. legal industry is already changing. That disruption isn’t being driven by regulatory evolution, but rather by the age-old maxim that the customer is always right. Factors ranging from the rise of the legal operations professional to a trend that sees corporate law insourcing e-discovery, litigation and other technology-related tasks have given rise to a newly sophisticated client base—one that expects a more innovative approach to law firm services across the board.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Frank Ready

Frank Ready is a reporter on the tech desk at ALM Media. He can be reached at [email protected]

More from this author

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

Legalweek Leaders in Tech Awards 2021Event

Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.