Independent NewLaw firms join forces to challenge global law firm model
The three NewLaw law firms say their model is a direct challenge to large global law firms.
A like-minded approach to innovative legal service delivery on three continents has led to a unique global NewLaw alliance between Rimon Law (USA), Excello Law (UK) and Nexus Law Group (Australia). The three law firms will be underpinned by an extension of Nexus’ unique OpenLaw™ practice management system, built to connect independent lawyers by automatically capturing and paying referrals between them. In an interview with Lawyers Weekly, Nexus managing partner Marcus McCarthy said: 'This is a fantastic development in the NewLaw space, bringing together a solid global resource of great lawyers and, at last, positions a serious NewLaw to compete effectively with the larger global firms. Traditional firms who have been through mergers or formed international alliances wouldn’t believe how comparatively easy this was to accomplish. It’s proof of the viability of the NewLaw approach on a global scale.'
The alliance brings together over 200 lawyers, all with significant backgrounds and different clientele. Alliance firms will share knowledge and strategic capability to service clients globally. Nexus is already a significant player in the secondment space and plans to use this alliance to expand this offering into Asia, in competition with the likes of LOD and Axiom.'We intend to join like-minded firms throughout Asia to complete the picture on this Alliance. All member firms will have access to the next version of the OpenLaw software and will be able to publish jurisdiction specific documents on our soon to be published online smart contracts platform,' Nexus Managing Partner, Marcus McCarthy, said. 'This is a really exciting time for us and we are committed to forging a new and better path for the legal profession, just like Rimon and Excello.'
All three firms were founded so highly skilled lawyers could effectively combine their capabilities, free of the restrictions of practising in traditional large firms. OpenLaw allows them to join their collective expertise under a single, unified practice platform, allowing them to deliver their services under a ‘direct access model. 'As long as there is that shared mindset of ‘connected independence’, the OpenLaw software makes it is easy to plug in all lawyers together globally, even in different firms, as if they were lawyers in the office next door,' Marcus continued. 'That is what the system was designed to do – that is a model without borders and there is no upper limit to this practice structure.'
'This is a fantastic development in the NewLaw space, bringing together a solid global resource of great lawyers and, at last, positions a serious NewLaw to compete effectively with the larger global firms. Traditional firms who have been through mergers or formed international alliances wouldn’t believe how comparatively easy this was to accomplish. It’s proof of the viability of the NewLaw approach on a global scale,' Marcus concluded.
CEO of Rimon Law, Michael Moradzadeh said that after initial discussions, they quickly identified the synergy between the respective firms.'Both Nexus and Excello are great partners for us to expand the international capability of our firm with like-minded businesses,' Michael said. 'We couldn’t be happier with this development.' Excello Law’s founder and Managing Director, George Bisnought, said that Rimon and Nexus are both impressive law firms and committed to the same practice values as them. 'This alliance is just an extension of those values globally, which is highly beneficial for lawyers lucky enough to be part of one of these three firms,' George said.
Rimon has 75 lawyers across 17 locations in the United States, Europe, and Israel, with an office pending in China. Excello Law Excello is a global pioneer of the dispersed law firm/embedded consultant lawyer concept. It has five offices in the UK and one in Stockholm, Sweden. It has more than 80 lawyers. Nexus is at the forefront of NewLaw in Australia, with offices in Sydney, Brisbane, Melbourne, Perth and Newcastle.
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