Susskind unveils his fascinating vision of the Legal Industry of the future. He challenges solicitors to ask themselves what parts of their workload might be undertaken more quickly, cheaply, efficiently, or even to a higher quality using less expensive workers and smart systems and processes.
He suggests that the “internet generation” and "disruptive technologies" coupled with a market pull towards commoditisation of legal services will change the face of the legal profession. Susskind points out that, increasingly, many firms are being called upon to undertake work on a fixed fee basis rather than an hourly billing basis forcing partners to explore ways to cut costs such as outsourcing, not just the back office functions, but also many of the routine legal processes.
As a true futurist, Susskind claims to not predict the future but "lay out a buffet of possible options" and although the threat for legal services (as we know them) is clear, Susskind presents a great opportunity for innovative & entrepreneurial solicitors.
More info: http://www.susskind.com/endoflawyers.html
ISBN 978-0-19-954172-0
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