Special Report

Breaking Tradition: How New Law is Challenging Big Law

As clients adapt the way they source and purchase legal services, competition and collaboration among new and traditional providers is increasing. In the decade since the Great Recession, when alternative options really came onto the scene with the promise of offering a better way, the numbers and types of providers have exploded. Over the next year, we aim to bring clarity around who those alternative providers are, what they are offering, who they are representing, where they get their talent and what piece of the market they have and could attain. You\'ll meet the players, hear from clients, see examples of collaboration, learn the offerings and gain clarity into this rapidly growing segment of the legal services market.

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Innovation

As corporations’ business concerns evolve and they demand their legal counsel become more efficient and industry-savvy, the Big Four accounting firms are recruiting more lawyers that dually possess legal and business acumen. Beyond that, prior legal tech experience or training isn’t a prerequisite. But law schools noted that recent graduates should have a willingness to leverage those tools to understand and foster corporate strategies.

To be sure, having a master’s degree in business administration and a law degree was once a clear indicator that a candidate possessed the skills needed to work in an international accounting firm, said Deloitte Greater Washington managing partner Tamika Tremaglio, who graduated with an MBA and law degree in 1995.

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Victoria Hudgins

I am a reporter for Legaltech News, where I cover national and international cyber regulations and legal tech innovations and developments.

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