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29 January 2016 / Dr Marc K Peter
Issue: 7684 / Categories: Features
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Smart investments (Pt 2)

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Developing a new skill set can give Chambers the edge in an increasingly competitive market, as Dr Marc K Peter explains

It is undoubtedly an exciting time to be a barrister or manage a set of chambers. Factors such as alternative business structures (ABSs), direct access and the dramatic leap forward in technological advancements with regards to legal research, drafting and client management are enabling entrepreneurial spirits within the Bar to drive their chambers to great heights both financially and in terms of exceptional client service.

However, barristers’ turnover has decreased in the last four years by an average of 8.5% per year, making business development and marketing activities increasingly important (ONS (Turnover of Legal Activities 2010-2014)). As a result, greater numbers of individual barristers and chambers are engaging in strategic, well-executed marketing plans to attract regular, well-paid work. Our own research into the market shows that more barristers now believe that providing access to the best legal information available, having a clear IT strategy in place and investing in efficiency tools

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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

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Penningtons Manches Cooper—Graham Green

Penningtons Manches Cooper—Graham Green

Media and technology expert joins employment team as partner in Cambridge

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