As digital becomes increasingly vital in business, law firms are upping the ante and differentiating themselves with the use of app technology. As observed in the recent 2016 Australia: State…
Read moreFeatured Resources
Strategy and Business Development Posts
Co-Creation to Enhance the Client Experience
As empowered clients continue to be more discerning in their choice of legal service providers, law firms need to think about more innovative ways to enhance the client experience and…
Read more
Specialty Focus Gives Niche Law Firms a Winning Edge
According to recent reports, the growth rate of specialist and boutique law firms in Australia is increasing. We look at the fresh approach some firms are applying to specialisation and…
Read more
What is a True NewLaw Firm?
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more![Transform Your Legal Department in Six Months [Whitepaper]](https://insight.thomsonreuters.com.au/legal/wp-content/uploads/sites/8/2019/06/Transform-Your-Legal-Department-cover-e1475127364751-270x141.jpg)
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…
Read more