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28 May 2021 / Dominic Ayres
Issue: 7934 / Categories: Features , Marketing , Profession , Covid-19 , Legal services
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Making the best of black swan events

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How can your firm help clients navigate change in unforeseen circumstances? Dominic Ayres provides some insight
  • Firms that know what their clients truly need—and how to provide it—can position themselves as the trusted partners that clients turn to in times of turbulence.

Given the backdrop of Brexit and the US elections, law firms expected uncertainty and turbulent change in 2020; yet the global breakout of COVID-19, which many commentators have termed a ‘black swan event’, was to overshadow all other concerns. With the country in lockdown, clients turned to their legal advisers to help their businesses adapt and navigate the disruption brought on by COVID-19, and the significant role legal advisers can play in adding greater value to clients beyond routine legal matters became apparent.

Adding value

Requests for information and help came through daily from clients at the height of the lockdown last year, and those firms that could respond by servicing these via workshops, bespoke client notes and more, will have strengthened their relationships

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MOVERS & SHAKERS

HFW—Nelson Wang

HFW—Nelson Wang

HFW strengthens global insurance practice and Greater China offering with London Partner hire

Burges Salmon—David McEwing

Burges Salmon—David McEwing

Burges Salmon boosts Energy and Utilities practice with appointment of David McEwing

Browne Jacobson—Alexander Studholme

Browne Jacobson—Alexander Studholme

Browne Jacobson adds international construction arbitration partner in London push

NEWS
A former senior judge has warned peers against scrapping juries for fraud and financial crimes, ahead of the Courts and Tribunals Bill’s second reading in the House of Lords this week
Civil practitioners face changes spanning debt recovery, workplace harassment and possession claims, alongside guidance on insolvency challenges and children proceedings

Finding matrimonial wealth is as challenging as dividing it, as family disputes draw practitioners into asset tracing, offshore structures and insolvency

Agreement between opponents offers no guarantee that a court will approve a retrospective increase to a costs budget
Climate change belongs on every lawyer’s agenda, with risks extending far beyond environmental practice into commercial advice, litigation and access to justice
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