Losing the Law Business, Cayman Financial Review (Jan 2013)


This article discusses the rise of a new generation of legal entrepreneurs who are using technology and process-driven business methods to provide wide range of legal product and inputs. A common theme among these vendors is that they are financed by nonlawyer investors. Although lawyers may have a monopoly on client-facing counseling and advocacy work, everything up until the client counseling moment or the courthouse door is amenable to disaggregation, process engineering, and outsourcing. Nonlawyer capitalists have taken notice at the inefficiencies inherent in the artisan lawyer model and are entering the legal industry with a vengeance.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© William Henderson, Indiana University | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.