So now what?
Give up?
No.
Think again.
Re-think the way legal services are delivered.
Our societies are getting larger and more complex. Companies' risks grow exponentially. So their need for legal services will continue to rise fast. And yet their costs must be contained or they eat up hard-earned profits.
Companies know that they need to do more in the way they procure legal services. Hiring even more in-house lawyers or demanding more discounts from law firms doesn't produce the efficiency gains that are necessary in the future.
We all have a hunch that the legal services can be delivered much more efficiently. The right mix of people, processes and technologies can make a massive difference. How much? Let's say by 400% - by the Factor Four. It has been done in many other areas*, so why not in legal services?
Such a shift enables a company to receive twice the legal services at half the cost. That creates much room for growth and better legal coverage while improving profits, too.
That's the challenge. Let's meet it.
“All progress has resulted from people who took unpopular positions.”
