Archive for the ‘lawyers’ Category

Friday 13th – Be afraid, be very afraid

I’m not normally a superstitious person.  Friday 13th generally doesn’t hold any concern for me.  But the developments in the legal world this week, may lead me to revising my thinking.  Could this Friday 13th go down as one of the unluckiest days ever for lawyers and the old school legal regime? In particular, I’m […]

so long referral fees, hello marketing fees

So we have the news today that referral fees in PI cases will be no more, and by Easter 2012. Not long for the workarounds to get underway. Just what will the impact be, for the existing claims managers, the PI lawyers currently at the end of the foodchain, and the wider legal industry? Well, […]

where are you in the legal foodchain?

ABSs will mean many new challenges for law firms.  A considerable threat is that existing sources of work may disappear, as current referrers of work decide to have a go at bringing the reserved worktypes in house and to stop sending cases out to lawyers.  Legal Edge has already been asked to scope out several […]

Why IBs mean an uneven playing field

Legal Futures has reported today on their sneaky peak of the new SRA Handbook, due for publication on 6th April. We already know a  great deal about what to expect, including the new concept of “indicative behaviours”.  That is to say non mandatory actions by solicitors which will indicate whether or not they are achieving […]

client delighters #2 – instant access law

We hear a lot in legal marketing about the importance of becoming more accessible to potential clients.  Many see the web, and specifically web 2.0 as one tool to facilitate this.  The aim is to remove as many barriers as possible to providing the client with what they want  – that is to say the […]

additional income generators #1

In the challenging market we all find ourselves in, sources of new income are always on the agenda.  One recent development in the UK market which has caught legal edge’s eye are the online legal answers portals which are emerging. Many of the new entrants to the legal services market are spending a lot of […]

lawyer displacement… fact or fiction?

Legal futures has reported this week on Lord Falconer’s enthusiasm for “delawyering” personal injury cases, embracing the commoditised model.  At legal edge, we’ve been talking to lawyers for some time about this and have coined a different expression – “lawyer displacement” – but to all intents and purposes it means the same thing. The evolution […]

client delighters #1: tiered legal services

Developing new client-centric products Its worth any legal practice spending some time investigating the types of consumer centric products which are emerging into the legal services market place.  They are grounded in detailed market research and generally developed by large existing commercial organisations who can draw on their resources and scalability.  That is not to […]

Conveyancing is dead, long live conveyancing?

According to the Law Society Gazette this week, the impact of Lloyds volume based threshold for membership on their conveyancing panel has resulted in approx 2,500 firms being dropped – that’s approximately 1/3 of all firms dealing with conveyancing. So, another nail in the coffin of high street conveyancing. Removal from major lenders’ panels, effectively […]

the hourly rate: going going gone?

Fees are back on the agenda again this week with the announcement from Cameron McKenna that they have launched an alternative billing campaign for existing and future clients; including an option for clients themselves to decide how much they want to pay, based on their perception of the value of the services they receive. Its […]

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