Thriving at the Edge of Chaos
This paper is intended to provoke thought about what digital transformation means for client legal needs, for the law and for business models of large law firms. In particular, it is about business model transformation and how law firm leaders can plan and implement the difficult task of transforming their firms’ business models, while maintaining the short-term economic performance that is crucial to ensuring that their firms have a future at all.
In a world where all but the most complex, bespoke legal work is done by advanced digital tools, true excellence will be the key differentiator. In fact, it will probably be essential for survival. This reality presents both opportunity and threat in equal measure. Our intent is to provide you with a template to think about the difficult task of transforming your firm’s business model, while maintaining acceptable economic performance through that transition.