Maximising law firm profits through the right IT
Pushing the limits
The legal profession is an important sector of the British economy, generating £23.1 billion per year or 1.8% of GDP, according to the Ministry of Justice and UK Trade & Investment. At this moment in time, more than ever, there is no place for complacency in the industry.
As the UK emerges from a difficult economic period, domestic and global competition for legal services also intensifies. The contraction in the demand for legal services of the past few years, coupled with consolidation in the sector caused by mergers and acquisitions and the rise of new business models, poses a new set of challenges and pressures to the modern law firm.
Here are what we consider to be the most important trends affecting the legal sector in 2013 and the impact of which is sure to be felt well in to coming years.
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