There is an unmistakable cry from society to reform the law firm business model. Kill the billable hour. Give power to the consumer. Focus on diversity and inclusion. Create a more humane culture. These are all good ideas but they are not revolutionary – or easily measured. How can we create an economic model that increases the measurable value of the financial, human, and social capital components of the entire legal supply chain?
By Leigh Vickery, published on LawSites | April 29, 2020
There is an obvious cry from society to reform the law firm business model. Kill the billable hour. Give power to the consumer. Focus on diversity and inclusion. Create a more humane culture.
These are all good ideas, but they are not revolutionary – or easily measured. They will not bring about the kind of transformation we need now not only in the current emergency but also in the future for attorneys to not only compete, but to remain influential, beneficial members of our society.
Level Legal Chief Strategy & Innovation Officer Leigh Vickery shares her thoughts on the current shift in the legal landscape, the Economics of Mutuality, and protecting profit in a post-Covid culture.
