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03 December 2015 / Dr Marc K Peter
Issue: 7679 / Categories: Features , Profession
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Smart investments

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Dr Marc K Peter explains how mid-sized law firms can use technology to succeed in a challenging marketplace

In today’s legal market, it is no longer enough for law firms to excel at providing legal advice to their clients. Consumers are getting smarter and, in response, law professionals have to increase the effectiveness of their client servicing, the quality of their legal information, and the business processes of their practice.

It is only by understanding the challenges facing the legal profession as we move towards the 2020s, that organisations supporting the industry can truly provide value and return on investment. In a series of interviews conducted in July this year, a number of partners of mid-sized law firms discussed the challenges and opportunities facing their business. During discussions, four core issues affecting law firms in today’s market were identified (see diagram below).

Attracting new business in a competitive marketplace

Finding and retaining new clients is a challenge for any business. However, since the legal industry was deregulated four years ago, lawyers have had to

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MOVERS & SHAKERS

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Sponsored by
Carey Olsen—Patrick Ormond

Carey Olsen—Patrick Ormond

Partner joinscorporate and finance practice in British Virgin Islands

Dawson Cornwell—Naomi Angell

Dawson Cornwell—Naomi Angell

Firm strengthens children department with adoption and surrogacy expert

Penningtons Manches Cooper—Graham Green

Penningtons Manches Cooper—Graham Green

Media and technology expert joins employment team as partner in Cambridge

NEWS
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Three men wrongly imprisoned for a combined 77 years have been released—yet received ‘not a penny’ in compensation, exposing deep flaws in the justice system. Writing in NLJ this week, Dr Jon Robins reports on Justin Plummer, Oliver Campbell and Peter Sullivan, whose convictions collapsed amid discredited forensics, ‘oppressive’ police interviews and unreliable ‘cell confessions’
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A quiet month for employment cases still delivers key legal clarifications. In his latest Employment Law Brief for NLJ, Ian Smith reports that whistleblowing protection remains intact even where disclosures are partly self-serving, provided the worker reasonably believes they serve the ‘public interest’ 
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