REGULATORY BARRIERS TO THE GROWTH OF MULTIJURISDICTIONAL VIRTUAL LAW FIRMS AND POTENTIAL FIRST STEPS TO THEIR REMOVAL

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The spread of disruptive technologies to the legal profession is changing the dynamic of how law firms are structured as well as the value propositions associated with the delivery of legal services. The number of law firms with a national presence has grown due to the cost benefits and efficiency of using cloud computing. New models for expansion across jurisdictional boundaries are increasing. However, the regulatory barriers to create these new firm structures are numerous and costly. This paper reviews the evolution of technology in multijurisdictional firms and examines the primary regulatory barriers to their further development. A starting point for standardization of regulations is proposed as well as potential first-steps to removing barriers to the growth of multijurisdictional virtual law firms.

Published in the NORTH CAROLINA JOURNAL OF LAW & TECHNOLOGY, 13 N.C. J.L. & TECH. ON. 165 (2012) at http://www.ncjolt.org/sites/default/files/3Art_Kimbro_165_226.pdf

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Published In: Business Organization Updates, Firm Marketing Updates, Professional Practice Updates, Professional Malpractice Updates, Science, Computers & Technology 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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