In an age of disruption, BigLaw or traditional large law firms face increasing competition from rapidly evolving NewLaw providers. But what does NewLaw actually mean, and how do these firms differ…
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How BigLaw and NewLaw are Collaborating for a Better Future
The terms “BigLaw” and “NewLaw” were first coined by professional advisory firm Beaton Capital in 2013, and refer to two very different business models for the provision of legal services. In the legal and…
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The Re-Emergence of MDPs: What This Means for Traditional Law Firms
The Enron disaster saw most of the Big Four accounting firms retreat from the legal services market. In recent years, however, these companies have become increasingly sophisticated, transforming themselves from traditional auditing…
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5 Questions You Should be Asking Your Practice Management Platform Provider
A smart practice management platform can transform even the most disorganised law firm into a well-oiled machine. But there isn’t a one-size-fits-all solution. It’s important to explore your firm’s current…
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Is Your Law Firm Ready for the Big Data Revolution?
In many sectors of the global economy, big data is proving a useful tool for businesses to leverage data analytics in order to tailor their offerings to audiences and gain…
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2016 Australia: State of the Legal Market [Report]
The Melbourne Law School and Thomson Reuters Peer Monitor® are pleased to present this report setting out the dominant trends impacting the legal market in 2016 and the key issues to influence…
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Blockchain Technology in Australia: An Update for Lawyers
Blockchain, the emerging peer-to-peer distributed ledger technology, has continued to make recent headlines in the business and legal media. Blockchain underpins a new generation of disruptive transaction technologies, by promising…
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5 Reasons a Flat-Fee Billing Structure Works
Law firms face increasing pressure to move away from time-based billing, and numerous firms have relinquished the billable hour in favour of alternative fee arrangements. We explore why a flat-fee…
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6 Golden Rules of Migrating Your Firm to the Cloud
The use of cloud technology (like Gmail, Dropbox and Evernote) is already inherent in the daily lives of legal professionals. As technology continues to improve legal business, your firm will…
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Could Artificial Intelligence Help Your Law Firm Deliver Better Value?
Advances in automation are empowering lawyers to cut down on labour-intensive, repetitive tasks and instead focus their skills on higher-value work. Now, artificial intelligence (AI) is making this automation much…
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