NEWS & INSIGHT
The current high rate of change and uncertainty in the legal market is undermining the industry’s once straightforward business model and creating a market environment in which many long-successful firms must now undergo transformative change to ensure their ongoing success.
In this market report, we seek to provide some insights into the combination of forces that are reshaping the London legal services market. The report is split into two sections: Section 1 provides an overview of the key trends affecting mid-market and top-tier firms, and also sets forth an outlook for 2018 and beyond. Section 2 summarizes some of the key concepts of disruption and discusses the barriers disruptive challengers will have to overcome to displace (or ‘disrupt’) incumbent law firms.