For law firms, the possibilities seem staggering. 4 Client-controlled marketplace. Lawyers who are used to shaping the needs of their clients must get used to having their work defined by the client. Increasingly sophisticated consumers, like in-house counsel before them, are learning to define and manage their lawyers' work. Client caprice is zapping even good firms into oblivion.
Law firms exploring new growth no longer limit the data to where their lawyers live.
Today the market guides firms to position themselves based on the evolving needs of the marketplace. 5 Intellectual capital. Learn to manage information and write your own ticket for profitability. 6 Corrosive influence of greed. It just isn't the easy, fraternal old firm it used to be.