Thursday, 15 September 2016

Redefining the Practice of Law - New Trends Create Challenges and Opportunities

New Trends in Office Design, Technology and Managing Competition Create Challenges and Opportunities The legal industry is in the midst of tremendous changes that will inevitably have a profound impact on the way attorneys approach their business. In the wake of these changes, law firms are being challenged to control rising expenses, improve client services and responsiveness, boost efficiency and infuse technological support to improve overall productivity.
New trends in space planning, document technology, data security and the services offered will all redefine how law offices practice, how they meet the ever-changing needs of their client base, and how they strategically position themselves competitively.
Gaining a Competitive Edge
While much has changed about law, law office design and technology, the challenge to maintain a competitive edge remains of primary interest to law practices. Taking the necessary steps to ensure survival in this ever-changing industry will prevail as the legal sector is transformed. Embracing technological advances in document management, storage and retrieval; revolutionizing the traditional office space to allow more mobility, agility and flexibility; and opening our eyes to a broad spectrum of external services will all become key success factors.
In a recent survey of the 1200 largest U.S. law firms, 98% of attorneys agreed that telecommuting will increase over the next 10 years. How will your law firm effectively meet the objectives necessary to help your business thrive in this competitive market without compromising core business? How will you implement and balance these changes to maximize profitability and gain a competitive edge?.
The process begins by developing a better understanding of what the key Law Trends are and how these trends can shape the way your business operates and, ultimately, how they will affect the bottom line.
How Will The Trends Shape The Way Your Business Operates?
Building Selection and Design: Traditional high-rent law space is giving way to more streamlined real estate holdings as large firms consolidate operations and opt for functional, simplified space. While impressive workspace still prevails, having an expensive, high-profile property may no longer make good business sense. To aid in the building selection, more law practices are seeking the expertise of an unbiased, tenant-only real estate broker to assist them in the building selection process.
Architects added to the leasing team early in the process assist law firms in developing specific space requirements by analyzing the cultural and functional aspects of the business. Many firms are opting for sustainable design as this initiative reaches main stream. The long-term goal: to create a space that meets functional requirements and positively reflects the company.
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