Legal market undergoes structural change

Competition is causing accelerated consolidation and mergers amongst law firms, but, whilst inevitable, are not ends unto themselves, says 3M counsel Joseph Otterstetter.

The legal market is undergoing structural change XL 1200

Mr Otterstetter said that  the competitive legal marketplace is forcing structural change with cost-effectiveness a key driver of law firm competitiveness and profitability, He said in the Future Law Offices survey  that firms had to look for ways to steamline and more effectively deliver legal services whilst maintaining quality and responsiveness. The impact of structural change will be discussed at The Future of Law Summit in London on 30 September 2014. For further information, email Benmartin@futurelex.com. 

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