Transforming Law Firms Part 1 – Hildebrandt Institute

Transforming Law Firms Part 1 – Hildebrandt Institute  This is Part I of a two-part series by Mike Lowe, a strategy and management consultant whose firm HardingLowe works with law firms to improve their efficiency and profitability.

By now, it is widely understood that the marketplace for legal services is undergoing a major transformation. Clients are more cost-conscious and are demanding an unprecedented level of efficiency, flexibility, and transparency. Firms are struggling to adjust and work in ways that are unfamiliar, if not completely counter-cultural. Merger integration, outsourcing, and alternative fee arrangements are adding to the already complex and competitive business of law.