Legal Tech and Digital Transformation

Competitive Positioning and Business Models of Law Firms

Rupprecht Graf von Pfeil (Autor)

Buch | Softcover

62 Seiten

2018
Globe Law and Business Ltd (Verlag)
978-1-78742-208-7 (ISBN)

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The report will offer essential reading for law firm leaders concerned with how to engage effectively with legal tech today.

This Special Report on Legal Tech and Digital Transformation offers a practical framework on the following topics:
*What impact do technology, legal tech and technology-based legal services have on the formulation of strategy in traditional law firms?
*Does legal tech affect the competitive positioning of law firms?
*Legal tech and client services delivery: will the distinctive value proposition of law firms change?
*How does legal tech impact the traditional business models of law firms?
*How do national and international law firms implement technology in their business model? What are best practices and what can we learn?
The report concludes with a commentary on the perspectives law firms should consider in regard to legal tech companies and legal process outsourcing (LPO) providers (and how should they respond). Will we see mergers between law firms and such new entrants and legal tech companies? How will the 'Big 4' embed legal tech in their services and where will they try to compete?

Introduction 5

Digitalisation and legal tech 9
1. Digital transformation 9
2. Legal tech market 11
3. Alternative legal service providers and the Big Four 19

Strategies for law firms 25
1. General 25
2. New entrants 28
3. Demand-driven market structure 29
4. Substitute services 30
5. Intensified law firm competition 31

Strategy, legal tech and digitalisation 33
1. Digitalisation and clients 33
2. Digitalisation and law firms’ responses 35
3. Changing business models of law firms 40
4. Disruption, operational excellence and sound strategy 46

Summary 51

Appendix I. Strategy formulation 57

Appendix II. Business model canvas 58

Notes 61

About the authors 63

Erscheinungsdatum	13.03.2019
Verlagsort	London
Sprache	englisch
Themenwelt	Mathematik / Informatik ► Informatik
	Recht / Steuern ► Allgemeines / Lexika
	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Berufs-/Gebührenrecht
ISBN-10	1-78742-208-9 / 1787422089
ISBN-13	978-1-78742-208-7 / 9781787422087
Zustand	Neuware