If you are considering working with a law firm, or applying to work in one, you might be wondering what the future of the legal profession looks like (we know we do!) You might find yourself gazing into a crystal ball as you try to work out what challenges and opportunities are ahead. Obviously Brexit and Covid-19 are huge challenges, but are there big structural changes coming to how legal services are provided?
The Legal Services Act 2007 shook the legal world to the core, opening up the way to a range of different providers and leading to headlines like “Supermarket divorces on offer”. Over the last few years different reviews have been conducted looking at the effectiveness of the reforms, from the point of view of legal service users. The Mayson Review, which was conducted as an independent review project set up by UCL, has recently been published with a range of interesting findings. It’s worth a look!
Here are some key takeaways:
And how might these issues be dealt with?
How might that affect law firms? The answer is more competition! Law firms may need to look at more ways to reduce overheads as there may be an increased need to work to fixed fees and compete with Lawtech and alternative service providers.
This article was written by the team at Law Answered, who produce great study and revision notes for law students on the LLB, PGDL, LPC and SQE.
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