find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
NewLaw players must grow to remain relevant

NewLaw players must grow to remain relevant

Ken Jagger, AdventBalance

NewLaw firms must increase their scale and geographic coverage in order to stay relevant as traditional firms begin to imitate their offerings, according to the co-founder of AdventBalance.

AdventBalance co-founder Ken Jagger (pictured) says clients and lawyers have embraced NewLaw entrants for their alternative service offerings and career paths respectively, but traditional law firms did not initially react as positively.

“It’s fair to say for the first five or six years, [traditional law firms] ignored [NewLaw] and hoped it would go away,” Mr Jagger told Lawyers Weekly.

“They took the view that it was just a cycle and things would go back to how they were but that’s just not the case. The landscape in the legal profession and professions generally frankly has changed forever.”

Mr Jagger said traditional firms – having realised NewLaw isn’t going anywhere – have stopped ignoring it and are “starting to look and see how they can make it work in their own business”.

“There are a few firms who have definitely looked at the NewLaw models and are starting to imitate.”

Mr Jagger said there are four key ways traditional law firms are imitating NewLaw – opening outsourcing centres, launching flexible lawyer offerings, embracing alternative billing models and using technology to enable remote working.

“Some firms are doing all of those, some are doing a few, but there’s no doubt that everybody’s looking at it.”

Mr Jagger said traditional law firms, especially the large ones, are well-placed to do these things, which could be cause for concern for NewLaw players.

“They’ve got huge scale, they’ve got great people, they’ve got global coverage, they’ve got the capacity to deliver what their clients want, and what I would say to the NewLaw players is that the start-up phase is over and we all need to get scale to compete,” he said.

“NewLaw firms need to be more than just start-ups. They actually need to be profitable businesses that can sustain growth and we need to get geographic reach ourselves and unless we do that there is a risk that some of the traditional firms might get this right.”

Mr Jagger said this was the reason behind AdventBalance’s recent merge with UK-based Lawyers on Demand (LOD), with AdventBalance set to be known as LOD from mid-October.

“Our clients are the same clients as the large international traditional law firms and so just like they want their traditional providers to be in the places in which they operate, so too do they expect that of us,” he said.

“So the main reason for the merger was to get that geographic reach and to get that scale to be able to provide large-scale teams to these international clients.”


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

NewLaw players must grow to remain relevant
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Lawyers welcome same-sex marriage reform
Dec 11 2017
Lawyers welcome same-sex marriage reform
Australian lawyers have welcomed the recent legalisation of same-sex marriage, after a prolonged nat...
Senate disallows double standards for temporary visa holders
Dec 8 2017
Senate disallows double standards for temporary visa holders
Lawyers have welcomed the Senate’s rejection of regulations imposing strict penalties on temporary...
Handcuffs, freedom
Dec 7 2017
Queensland clocks up more breach of bail offences
A new report about sentencing trends in Queensland shows the number of offenders who have been sente...
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 & ...