Interwoven: Evolutions in the Practice of Law
We hear a lot about innovation in the business of law. But for most law firms, this still means innovation in the delivery of legal services.
Little is written about how the practice of law is changing.
RSG’s research over the past three years reveals significant changes in the practice of law: from digitising clients to non-legal fee-earners in law firms. However, not all law firms are ready to make these changes. Only 19% of partners in major law firms feel confident they understand the digital economy and its implications for the practice of law.
This report sets out what clients need, the state of play in the profession and the SIX ways law firms need to evolve.
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Image from the series Interwoven, Unidentified 18, 2017
© Kyle Meyer, Courtesy Yossi Milo Gallery, New York
FT Innovative Lawyers Europe awards 2020
1 OCTOBER 2020 – 4.30-6.30pm BST (GMT+1)
The Financial Times and RSG Consulting are delighted to announce that the European Innovative Lawyers Awards will be held this year as a live virtual event. The event is complimentary to attend and we invite law firms and clients, in-house legal teams and legal service providers alike to join us and find out more about what makes an innovative lawyer in 2020. The Awards will provide the opportunity to network virtually with lawyers and business people across the region, and will be a chance to celebrate, not just for the award winners, but for everyone who is passionate about driving innovation in the legal sector to bring good to business and society, particularly in these difficult times. Find out more about the agenda and register for free to watch the broadcast: lawyerseurope.live.ft.com
FT Digital Lawyers
GLOBAL DIGITAL CONFERENCE – 24 SEPTEMBER 2020 – 11:00 BST (GMT+1)
Covid-19 has accelerated the digital adoption of consumers and businesses. McKinsey estimate that in eight weeks, digitisation was put forward by five years. No industry or part of the economy is immune. From telemedicine to virtual social events, billions of people changed their behaviours instantaneously. For businesses, it means a change in their basic business models. Sectors such as the legal industry, which has been slow to adopt technology, find themselves under tremendous pressure to digitise to adapt to their clients. FT Digital Lawyers will probe into how the industry is responding to these new pressures, how it is changing the professional dynamic between lawyers and the consumers of their services and what it will mean to be a lawyer post Covid-19. Register for free and tune in to watch the broadcast: digitallawyers.live.ft.com
RSG India Report 2019
After a successful launch of the RSG Grow India Summit in Mumbai, we are delighted to publish rankings for the RSG Top 50 Indian Law Firms and the Top 20 Foreign Law Firm India practices. This marks the 7th edition of the RSG India Report, and a decade of detailed research and granular analysis of what RSG considers to be one of the high-growth legal markets in the world. The report will also feature a new list of Emerging Leaders in the Indian legal market.
RSGi – resources for law firm leaders and general counsel
In a new RSGi resource, we distil our learnings from nearly 30 years of researching and analysing the legal profession. Specifically, we answer this one question: ‘How can you create and maintain a forward-thinking law firm?’
We know the challenge that law firm leaders have in creating – and sustaining – a culture of innovation. Obstacles such as the billable hour, law firm structures, remuneration systems and the very nature of lawyers as professionals mean that the challenges are perennial.
Being a relevant law firm is about far more than knowing the best technologies to use. It is about understanding lawyers’ behaviours and what motivates them. It is about leadership and management. It is about truly hearing the voice of the client. And finally, it is about what works and what doesn’t.