From Tesco law to GP law - why lawyers of the future should think like GPs
The last few years have seen significant changes to the legal market. Increased competition from high street names such as the Co-operative and Halifax as well the economic consequences of the credit crunch have led clients to look hard at the cost of pursuing legal remedies. In addition, the Legal Services Act, changes to legal aid and the Government’s review of the cost of civil litigation will all equate to the equivalent of the City’s ‘Big Bang’ in the 1980s in the next 12 to 18 months. High street lawyers face the greatest challenge. They are the firms that offer services on conveyancing, wills and probate, personal injury, family law, standard employment and commercial contracts. They have tight margins and tend to be reliant on one or two areas of business.
High street law firms are under threat. Josh Bottomley of LexisNexis says lawyers of the future should think like GPs
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