LexisNexis has released the latest in its series of Bellwether reports The Culture Clash - Solicitor Confidence vs Client Power. These reports, first launched in 2013, explore the important trends and issues currently impacting law firms. They deliver groundbreaking market research and provide a major contribution to the
discourse on the future of independent law firms.
With increased competition, the emergence of Alternative Business Structures (ABS law firms), and rapidly changing client attitudes and behaviours, the legal industry is almost unrecognisable today compared with ten years ago. Despite these seismic changes, only one in five of the respondents we surveyed for our latest Bellwether report felt that more significant change would be needed within their firm to keep pace with the world around them.
In the face of such industry-wide pressures, could a ‘business as usual’ attitude spell disaster for the future of the law firm in today’s rapidly‑changing marketplace, especially when the challenges facing law firms are as prevalent as ever?
The Bellwether Report 2018 explores how law firms can swap confidence for progress and drive meaningful growth in a client-driven marketplace.
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