"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” Winston Churchill
In this guide our Operations Director, Gavin Ward, outlines some of the biggest challenges that law firms will be facing now and in the coming years and some of the most cost-effective ways for the more progressive firms to beat their competitors through harnessing online strategies and technologies.
Over 7 years ago I was starting my legal traineeship. It was a time of opportunity: having come out of one of the finest law schools in the country with first class results and having secured a place at one of the most prestigious law firms in Scotland things looked promising, to say the least. Back in the 80s this would surely be a straightforward path to partnership, clients landing in your lap without you having to do much other than ‘the law’ and loads of time on the golf course during the week. Instead, 2008 was to turn out to be the start of what we now call ‘The Great Recession’ (yes, it has its own term consigned to history and thus its own Wikipedia page).
Fast forward 7 years and, having qualified as a Solicitor (back in 2010), I’m now lucky enough to be part of an exceptional team of people – lawyers, legal business development professionals, law graduates, legal marketers, digital marketers, consultants from other sectors and some of the finest technical support staff in the country – helping over 60 law firms in the UK and across the world to excel against their competition. If it hadn’t been for the recession, the sheer pressures on today’s law firms and the possibilities that exist with online technology, I’d probably still be practising as a technology solicitor, probably not making anywhere near the same impact or contribution to the legal sector, and certainly not having such a great job and doing what I love doing – helping the best law firms and lawyers to succeed through making the most out of the internet. Legal Sector Challenges Today and for the Foreseeable Future
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