Disruption or standstill? A look at the legal market in 2017 and beyond
In an exclusive white paper Exigent’s CEO, David Holme, exposes why new entrants to the legal market—like the Big Four—deserve to be taken seriously by law firms and why new pricing models are set to disrupt the way legal services are delivered.
Here are some of the key takeaways from the white paper:
- Economic and political uncertainties, like those in which we find ourselves today (Brexit, the Trump administration, European elections and political upheaval in the Middle East) are squeezing budgets even more tightly.
- The GC is expected to provide their CEOs with commercial insight and ROI while their budgets are ever tightened. GCs need ‘smart-sourcing’ and not simply ‘outsourcing’ and therefore they are turning to alternative service providers.
- Management boards are beginning to recognize the importance of legal data as part of their business and are turning to their GCs for valuable insight when contributing to business management.
- Technological advancements will bring unprecedented benefits to the legal market. With these, however, will also come greater visibility and subsequently increased and enhanced scrutiny across the business.
