A career in the legal sector has traditionally offered only two distinct paths: private practice or in-house counsel. In recent years, however, lawyers have forged a new path: freelancing. These…
Read moreFeatured Resources
Innovation and Disruption in Law Posts
Cultivating Innovation in a Risk-Averse Legal Industry
Innovation has always been synonymous with risk. In the past, pure technical ability — not innovation — was the key differentiator between firms in a traditionally risk-averse and inherently conservative…
Read more
4 Things Innovative Law Firms do Differently
Technological advancement and innovation have been two of the most crucial trends driving change in the legal sector recently – they are key for law firms intent on growing, staying…
Read more![Legal Disruption in 2016: The Highs, Lows and Trends You Need to Know [Infographic]](https://insight.thomsonreuters.com.au/legal/wp-content/uploads/sites/8/2019/06/TR_INFOGRAPHIC_LAW-170216_trimmed-270x141.jpg)
Legal Disruption in 2016: The Highs, Lows and Trends You Need to Know [Infographic]
The conclusion is in: Innovation and disruption are not passing fads, they’re here to stay. In the 2016 Australia: State of the Legal Market report, Melbourne Law School and Thomson…
Read more
Bringing it Home: What the Decline of Offshore LPOs Means for Law Firms
Futurist and technology guru Richard Susskind recently envisioned a “decomposed” legal world where clients would pay less for processes and more for high-value advisory work. Susskind’s prediction isn’t new and it appears he was…
Read more
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
The Top 7 Trends That Disrupted the Legal Industry in 2016
In 2016, disruption in the Australian legal services industry became a normal state of affairs. Against a background of declining client demand, law firm growth and revenues, traditional business models…
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