How Law Firms Are Developing And Maintaining Prospective Long Term Client Relations
How Law Firms Are Developing And Maintaining Prospective Long Term Client Relations Introduction Prospective new clients are the lifeblood of a law firm. They are also perhaps the most challenging group to manage. Without a steady stream of new prospects, firms will struggle to keep their doors open and partners paid. [1] With so many […]
Why are the UK and Europe reluctant to accept Legal Tech solutions?
Why are the UK and Europe reluctant to accept Legal Tech solutions? Technology has changed the face of everything, and the law is no exception. Law firms worldwide are employing digital strategists and embracing the benefits of legal tech.[1] Before we dive into the legal technology solutions, it’s important to understand what this technology is.[2] Legal technology, […]
Why Legal Firms Are Focusing Their Outsourcing Efforts
Why Legal Firms Are Focusing Their Outsourcing Efforts In an age of increasing demands for efficiency, outsourcing has become a hot topic of discussion. Introduction The term ‘Outsourcing’ has been a buzzword for the last couple of years. Outsourcing is becoming one of the new legal technology trends being embraced by law firms in an attempt to […]
UK’s Legal Sector financial losses in 2021 due to time wastage
UK’s Legal Sector financial losses in 2021 due to time wastage The speed of the legal business today is unprecedented. The pace of change, demands on lawyers’ time, and breadth of knowledge that they need to access, process and manage is reaching new levels.[1] Today’s legal practice management solutions are easily adaptable and scalable to any size firm, […]
The Main Challenges UK Law Firms Can Expect In 2022
The Main Challenges UK Law Firms Can Expect In 2022 Introduction As the United Kingdom continues to undergo economic transformation, major changes have emerged in the legal industry. The largest firms have made significant strides in meeting the challenges posed by coming years and encouraging efficiency through modernisation. Since 2022, UK law firms using artificial intelligence and […]
Compliance, source of funds checks, AML checks and ID checks in the legal industry
Compliance, source of funds checks, AML checks and ID checks in the legal industry What is Compliance? Compliance is the state of being in accordance with established guidelines or specifications or the process of becoming so – software, for example, may be developed in compliance with specifications created by a standards body, and then deployed […]
Work-Life Balance & Work-Place Productivity in The Legal Sector
Work-Life Balance & Work-Place Productivity in The Legal Sector Life in the legal sector is commonly associated with long hours, challenging deadlines and a high-pressure working environment where busyness is worn as a badge of honour. This makes striking a balance between productivity and burnout extremely difficult. These intensive and high-pressure environments becoming a norm […]
Competition Within The Legal Industry
Competition Within The Legal Industry Making your presence felt in the competitive world of law has never been simple Introduction Competition in the legal sector has never been fiercer, with a steady stream of new entrants exploiting changes in legislation and technology to enter the overcrowded legal market. Law firms are constantly under pressure to […]
Inflation and its Impact on Commercial Law
Inflation and its Impact on Commercial Law How price increases are being felt and reflected in commerce contracts Inflation in a nutshell Inflation measures the rate at which the prices of goods and services have risen over time. Typically, people calculate inflation by comparing the cost of goods today to the cost of goods a […]
The Prevalence of Impostor Syndrome in the Legal Profession
The Prevalence of Impostor Syndrome in the Legal Profession What is impostor syndrome? The phenomenon of imposter syndrome is not new. Imposter syndrome is common in many professions, including the legal field. The etymology of the term stems from the efforts of Drs. Clance and Imes who coined the term “Imposter Syndrome” in the late […]
