Who Stole my Business - The Legal Practice Management Guide to the Internet

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Drive Revenue are hosting a four city Thought Leadership Seminar this September, focusing on modern practice management for legal professionals to continue to be successful in the 21st century.

Sophisticated clients arm themselves with information from the internet before engaging with a law firm

Sophisticated clients arm themselves with information from the internet before engaging with a law firm

“Drive Revenue recognised the impact the internet has had on how professionals in practice need to change, and have developed solutions for legal practices that provide functionality to leverage the internet to gain advantage.

Recently there has been much media focus on newly qualified legal professionals struggling to practice law. Even older, more established private practitioners and larger law firms are reeling from disappearing business. In September, Drive Revenue will host seminars in Los Angeles, Houston, Washington DC and New York for legal practitioners, where international specialists in business process improvement, legal practice management and cost and management accounting will share thoughts on how to improve law firms revenues and returns.

Some of the most prestigious law schools have recognised that young professionals need to be practice ready, and are providing practice management workshops for law school students, equipping students with practical accounting and business skills in partnership with the big accounting firms.

While this practical training is necessary, there are many other facets as to why the legal profession is struggling to remain profitable and thrive.

Of the many factors that may be the cause of dwindling or cut back briefs, Drive Revenue believes the single biggest of those has to be a phenomenon that has crept up so slowly, it almost couldn’t be the cause – the internet and cognitive technology.

Like with the medical profession, legal practitioners are finding more and more clients have armed themselves with information from the internet before engaging a law firm.

The new breed of client is sophisticated, well-informed, and only wants services provided by wise counsel. Clients don’t want to pay for a bevy of juniors doing work that the client could as easily look up on the net. Clients expect a legal practice to be modern and forward thinking, seeking out gravitas rather than process lawyers.

Jenny Assheton-Smith CEO of Drive Revenue comments “Drive Revenue recognised the impact the internet has had on how professionals in practice need to change, and have developed solutions for legal practices that provide functionality to leverage the internet to gain advantage.”

Rob Reinking International Sales and Marketing Director for Drive Revenue, says that “Now more than ever a legal practice needs to re-think it’s service delivery, from processes to enabling collaboration, while still maintaining the gravitas and professionalism expected from a legal practice, that’s why Drive Revenue employ business IT professionals who transform legal practice management into the modern machine clients demand.”

Join Jenny and Rob in Los Angeles, Houston, Washington DC or New York to learn more on how new, modern approaches to practice management provide for legal professionals to stay relevant and successful in the 21st century.

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Drive Revenue
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