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
Firm innovation key to adapting to changing legal services market

Firm innovation key to adapting to changing legal services market

Innovation can help law firm managers respond to the arrival of global competitors, writes Angela Priestley.The Australian legal services market is facing considerable change due to the arrival…

Innovation can help law firm managers respond to the arrival of global competitors, writes Angela Priestley.

The Australian legal services market is facing considerable change due to the arrival of global players like Allen & Overy, Clifford Chance and DLA Piper.

But according to Freehills managing partner Mark Rigotti, jumping to replicate what an international law firm offers may not be the best way for established Australian law firms to answer to new competitive forces.

Rather, he believes innovation, operational efficiency, continuous improvement and offering better client value is the better way to respond.

"Instead of instantly wanting to hook up with the next international law firm in town, it's actually better to run a leaner and tighter operation," says Rigotti.

He believes managers must respond to changes in the legal services market, including the enhanced buying power general counsel now muster alongside the globalisation of legal services, by taking a long-term view of their law firms.

"I do believe law firm managers need to be looking ahead one, three and even fives years in order to position themselves for where they'll be in the future," he says.

According to Rigotti, such forward thinking means following the example of other industries that focus on innovation alongside research and development to uncover operational efficiencies and better products and services.

Such innovation may also assist law firms in delivering an enhanced experience to clients, says Rigotti.

"You've got to have great legal advice, it needs to be commercially relevant but clients are also looking for a good experience," he says.

Innovation also requires lawyers to accept continuous change, a factor that managers must drive from the top down. Rigotti says there's nothing like the fear of loss to promote the need for change. "There's nothing like a little threat to sharpen the focus," he says. "You can get complacent when things are easy and have a sameness year after year. There's no doubt about it that the entry of the global law firms have forced a rethink and focus on everything."

Mark Rigotti is speaking at the LexisNexis Practice Management Conference from May 24-25 in Sydney.

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

Firm innovation key to adapting to changing legal services market
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
Dec 14 2017
Punishing offenders twice pointless, politicians warned
The president of the Law Society of NSW has warned legislators from other states about adopting cont...
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 & ...