As with all professions, there are some upcoming trends that
have emerged in the legal industry and are changing the way that legal
professionals are going about their business.
We’ve outlined some of these trends in this blog. There are
so many trends that could be highlighted here, but we have kept to a select few
that are really booming within legal firms in the UK at the moment.
In recent years, the legal industry has experienced a global
shift in the delivery model for legal services. This new model, known as legal process outsourcing
(LPO), transfers the work of legal professionals to external companies. Legal
resourcing, both onshore and offshore, is transforming law practice as law
firms and in-house departments seek to reduce costs, increase flexibility
and expand their in-house capabilities.
Better work-life balance
As with most industries, there was previously a pressure to
do more with less and a personal life came secondary to work. However, even legal
professionals now are demanding a better work-life balance and more flexibility
within their role. New workplace policies and alternative options for work
arrangements are transforming the law firm environment and making it much more
Virtual law firms
Secure, web-based technology allows legal professionals to
work from virtually anywhere and as a result more legal professionals are
opting to work remotely from home or from a virtual law office. This
links nicely to the above trend of work-life balance as virtual law offices
provide an alternative method of practicing law that permits flexible work
hours and working virtually allows legal professionals to do their job and
serve their clients while modifying their schedule to fit personal and family
Pressure on all businesses to minimise legal costs has
forced law firms to diverge from the traditional billable-hours model in favour
of new alternative billing methods such as fixed, flat or blended fees. In
order to nurture long-term relationships and maximise value, more law firms are
embracing alternative billing as a way to meet the needs of clients who are
trying to keep an eye on their costs.