find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Corporate counsel shun NewLaw

Corporate counsel shun NewLaw

Gillian Wong, ACC Australia

A new survey conducted by ACC Australia has revealed that in-house lawyers remain unfamiliar with NewLaw business models and are using NewLaw services even less than before.

The Association of Corporate Counsel Australia has released its 2016 ACC Australia Trends Survey, which had more than 300 respondents from across the country.

According to the report, 70 per cent of respondents are not familiar with NewLaw business models.

Further, only 14 per cent of respondents indicated they had used a NewLaw business in the past 12 months, which is down from 18 per cent in the 2014 survey.

Gillian Wong (pictured), ACC Australia's national president, said the study showed the major barrier for organisations in using NewLaw services was a lack of understanding about what they offer.

“There is a lot of activity and change in the NewLaw space and it appears to be making the market difficult for in-house counsel to keep abreast of,” Ms Wong said.

“As in-house legal teams are under pressure to look at new ways to increase productivity and maximise efficiency and value, many are finding it difficult to dedicate the time to understand the varying choices available with NewLaw firms.”

The types of NewLaw business models respondents were most familiar with are legal process outsourcing and lawyer placement agencies, followed by fixed fee firms and virtual law firms.

At the other end of the scale respondents were least familiar with dispersed law firms, managed legal support services and hybrid firms.

The survey also found that while in-house counsel are looking at new ways of managing their legal teams, only 22 per cent of respondents introduced a new software tool into the department in the past 12 months.

“Technology is beginning to disrupt many professional services industries, including legal services,” Ms Wong said.

“Globally the profession is beginning to use technology to assist with practice management, document management and even in arbitrations, regulatory and internal investigations.”

She added: “Given the cost savings of using technology, I believe Australian lawyers will shortly start to fully embrace this trend.”


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

Corporate counsel shun NewLaw
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
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 & ...