The 2nd Edition of GMT: The Podcast For Globally Minded Law Firm Leaders
Manage episode 391984722 series 3543216
Rob and Murray return for the second edition of the GMT podcast. More than at any time in the past, clients have an abundance of options for outsourcing legal work. Traditionally most, if not all, of the legal work sent out by corporate law departments went to law firms. And while this is still where most of this work goes, things are changing. Increasingly, alternative legal service providers (ALSPs) and even the Big Four accountancies are offering cost-effective legal solutions for clients of all stripes across the globe. Is this gloom and doom for the traditional law firm? No, but it does mean they need to continue to find ways to be competitive, clearly articulate their value proposition and be innovative in their approach to client service. We are seeing ALSPs and the Big Four growing in prominence on the global stage and increasingly encroaching on the US market. We will discuss a bit of the current state for ALSPs and how firms can defend their turf and increase market share in the face of this growing competition both at home and abroad.
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