Law Firm of the 21st Century: The Clients’ Revolution – a Study by Eversheds LLP
Eversheds LLP published this past Monday a 16-page report called “Law Firm of the 21st Century: The Clients’ Revolution.”
Their news release is here and summarizes their findings in these terms:
. . . [more]– Recession accelerates change in legal sector by 10 years
– Inefficient sector now puts value and efficiency first
– Hourly rate billing gives way to value billing
– Clients hold power in legal supply relationships
– General Counsel rises in status
– Magic circle category increasingly redundantA new report warns law firms that that they need to modernise or lose out as a major power shift is
