Your assessment of the outlook for the legal profession ?

Happy days are here again

This is not the end…. perhaps the end of the beginning

It’s life Jim, but not as we know it

We’re doomed

Volume of work available

Rela

tive V

alue

Add

ed

Unique servicesUnique services

Experiential servicesExperiential services

Commodity + servicesCommodity + services

Commodity servicesCommodity services

PriceSensitive

PriceInsensitive

New roles:Legal knowledge engineer

Legal process analyst Legal risk manager

Client relationship manager

New skills:Decomposing

InnovationProject management

Change attitudes:Hourly billing

CommoditisationTraining

LawFirm

Clie

nts

LawFirm

Clie

nts

Past

LawFirm

Clie

nts

Present

LawFirm

Clie

nts

Future

70:20:10

70%:Doing the job

20%:Learning from others

10%:Formal training

Managin

g P

art

ner

Magazi

ne