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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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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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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Transform Your Legal Department in Six Months [Whitepaper]
General counsel can often find it hard to enact change in legal departments, the process is rarely simple and lawyers are notoriously late adopters when it comes to change. In…
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To Merge or Not to Merge: The Key Challenges Merged Firms Face
Record numbers of US and UK giants ‘tied the knot’ with Australian firms in 2015, and some of that growth is expected to spill over into 2016. However, a recent…
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Why Your Organisation Needs a Legal Operations Function
A legal operations function in your organisation can increase efficiency, streamline legal procedures and reduce outsourcing costs. Here’s what you need to consider and how to implement one in your…
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How to Future-Proof Your Firm in the NewLaw Revolution
Firms are stepping beyond the dogma of traditional legal service delivery, lawyers are carving out new flexible career opportunities and clients are getting cost certainty and transparency. But how is…
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4 Tips to Improve Your Realisation Rates
In a perfect world, every moment we spend on a matter would be billed and paid promptly in full. However, due to a variety of factors this is most often…
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