find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Millennial lawyers “rewriting the DNA” of law firms

Millennial lawyers “rewriting the DNA” of law firms

Lawyer writing

The next generation of lawyers is starting to outweigh the baby boomers, resulting in a ‘seismic shift’ in legal profession, a new report has found.

Lawyers On Demand’s fourth report, commissioned from legal market analyst Jordan Furlong, has revealed that the rise of the millennial lawyer is accelerating the rate of change in terms of how the profession operates.

“We are now in a place where we can see that millennials are the emerging law firm partner and GC,” said LOD co-founder Simon Harper.

“This is a generation that’s already showing itself as the real accelerator of change. Not just as lawyers wanting to work differently, but critically as clients too, buying differently.”

Mr Furlong added: “Right now, in the late 2010s, we are standing directly on the fulcrum between two eras of law, at a key transition point in the evolution of the legal services market”.

“That market is changing from a dormant, low-tech, individualistic system to a dynamic, high-tech, collaborative one.”

The report stated that millennial lawyers are going to “rewrite the DNA of law firms”.

Mr Furlong then examined what GCs should demand from their millennial legal suppliers and how law firms need to step up to meet millennial client expectations.

“Clients should be seeing a change already,” Mr Furlong said.

“The millennial law firm ought to be a significant upgrade for their clients and their priorities. Disaggregation, diversity and pricing will be seen as key elements in this new client-centric offering.”

LOD’s Mr Harper noted that over the past decade his business has been well-placed to see the shift among clients’ buying behaviours.

“Jordan has really hit the nail on the head with his analysis of what this new generation really want from their legal suppliers,” Mr Harper said.

“They are looking for greater choice, convenience and affordability. It may take a while, but I can really see a future where the legal service of old will disappear.”

In conclusion, Mr Furlong said: “Everyday, another boomer leaves the legal profession and another millennial enters”.

“The organisation that recognises this the soonest, and reacts the quickest, will be [best] positioned to dominate the new legal market to come.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Millennial lawyers “rewriting the DNA” of law firms
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...