Following recent law firm ‘merger’ and administration announcements north of the border, well-kent names such as Maclay Murray & Spens, Pagan Osborne and Hamilton Burns will cease to be a part of the Scottish Legal firmament.
The introduction of Alternative Business Structures (ABS); through the Legal Services Act 2007 and the Legal Services (Scotland) Act 2010, paved the way for a potential reshape of the legal market by enabling non-lawyers to have a stake in, or to even own, a law firm. Since then, a total of 950 licences have been given, with 892 of these still in use as of March 2017. (Although ABSs have not been fully introduced into Scotland, it is understood that the Scottish Government is going through consultation to draft legislation allowing its implementation, and therefore Scotland’s position remains relevant to the discussion of future-proofing your firm). The question therefore is, what is the effect of this on law firms and what can be done to stay competitive in an already saturated market?
Job Title: Account Co-ordinator
If your professional success hinges on the perception on you as an individual more so that the name of the organisation you work for/with, then your personal brand becomes of crucial importance. This article looks at how barristers can start to develop their own personal brand.
I recently began a new career with Moore Legal Technology having spent time working in the food and leisure sector. As a newcomer to the niche area of helping lawyers use the internet more effectively to grow their business, I wasn’t sure what to expect. Little did I know there was so much involved and that no two days would be the same.
How can you distinguish your law firm’s offering from that of a multitude of other law firms offering similar services at a similar price?
Peloton Communications is delighted to announce the latest addition to our group of companies – Smart marketing automation software and demand generation provider, Client.ID.
We’re pleased to note our article on ‘The future of Marketing for Law firms’ has been published in leading legal sector publication, Legal Futures. You can view the article here. You can also view the post in our insights section here.
The Peloton Communications group provide online business generation and creative strategies for the legal sector. Comprising of Curated Media, Moore Legal Technology, and Network Legal, our companies work with law firms in the UK and beyond from our collaborative work space in central Glasgow – and we want to share that space with you.
More than ever before, firms that provide legal aid need to find alternative revenue streams. In England and Wales, the effects of LASPO are still being felt. North of the border, the Law Society of Scotland are expressing concern about the proposed cuts to legal aid announced in December's 2016's Scottish budget. As such, law firms that provide legal aid services throughout the UK need to look at ways in which they can future proof.
Evan Spiegel, the co-founder of Snapchat, is worth approximately £4 billion dollars. Mark Zuckerberg ’s net worth is estimated to be $58.6 billon. They are entrepreneurs who were able to take small ideas, execute them brilliantly and develop businesses of extreme value.
The legal sector continues, in our experience, to lag behind other sectors when it comes to using the Internet effectively from a marketing and business development perspective.