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PI Brief Update

Heads, Sand, Ostriches and all that... - Carl Waring, Solicitor

04/06/12. A short article by John Hyde in the Law Society Gazette (May 14th 2012) entitled Prepare for 50% fee cuts, Says 'end of lawyers' professor produced the expected wide range of reaction to the predictions of Professor Robert Susskind. In the article Hyde outlines how Susskind, in an address to the Law Society Management Conference, warned that the economic climate will force clients to seek out firms that embrace the technological advances available in the legal profession to enable them to reduce their legal costs. Susskind argued that bosses of both small and large companies will seek to reduce their legal spend by 50% over the next five years, as they look for ways of gaining 'more for less' through new pricing structures. Susskind went on to argue that there would be casualties amongst smaller firms and sole practitioners unless they are prepared to embrace new technologies, but for those prepared to embrace the new models, opportunities abound.

So it came as no surprise then that the first three...

Image from tropical.pete at flickr.com/photos/12023825@N04/

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Excerpts from judgments and statutes are Crown copyright. Any Crown Copyright material is reproduced with the permission of the Controller of OPSI and the Queen’s Printer for Scotland under the Open Government Licence.