Blog

29 January 2013
shark and fish

Eat lunch or be lunch

The legal market is undergoing seismic change. It’s not a threat of something that may happen; it’s happening now. If you wait to see how the market plays out, you will be too late. On a daily basis I engage with businesses, existing law firms and new entrants alike, who are plotting and taking action to radically change how legal services are delivered.

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25 January 2013
Messy office

First impressions count

I’d hazard a guess that most of you look in the mirror every morning – whether you’re having a shave or putting on your make-up. The majority of people wouldn’t dream of walking out of the house without checking they present the right image, but do you pay the same level of attention to the first impression your firm gives?

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22 January 2013
And Dont Get Addicted!

Lucky number 7? Making the best of Internet marketing in 2013

Twitter now has over 500m users, 340m tweets and 1.6bn search queries per day. LinkedIn has over 175m professional members, 10m of whom work in the UK. Google+ has over 400m members (albeit with less activity than other networks). Legal Futures reported last year about how social media is the new golf course for law firms. There’s a buzz about social media for a reason and 2013 is likely to see a continued increase in the way social channels are used for business purposes. For the more advanced users, we will see an increase in more targeted interactions within niche communities and it will be important to align strategies accordingly.

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16 January 2013
Running late

The SRA’s trust exercise

The Solicitors Regulation Authority has been celebrating the first year of its ABS licensing regime. It is not just a numbers game, but with 74 licences granted in that time and 300-odd still inching their way through the application process, it perhaps hasn’t necessarily been quite as glorious a first year as the SRA is making out – another way of looking at it is that there is a large backlog – but it has certainly been interesting given the range of approvals.

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10 January 2013
Compliance - i will follow the rules blackboard

Does the SRA practise what it preaches over OFR?

An outcomes-focused, risk-based approach to regulating the activities of most lawyers who deliver legal services in a post-Legal Services Act landscape is a fact of life. Yet you still don’t have to go far to find solicitors who either fail to grasp the concept or hanker after the old, detailed rules-based system. The degree of non-acceptance is profound, more than a year after outcomes-focused regulation came in – in October 2011. So persistent is it that the SRA may be relying on the insertion of compliance officers for legal practice and financial administration (COLPs and COFAs) into the fabric of every firm to help change attitudes.

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Reports


Report Cover
The legal sector is enjoying its strongest period of growth in 15 years, driven by private equity investment, merger and acquisition activity, AI and a wave of new business models The Law Firm Growth Report explores the strategic choices facing… Read More