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.

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Published In: Professional Practice Updates

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.

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