Sparking change

Times are uncertain, and law firms – much like the wider business community – need to stay on their toes and be ready for what might come next.

Certain capabilities are intrinsic to a state of preparedness – such as effective financial planning (p3), flexibility, agility and digital savviness (p5). To keep margins intact, firms need to examine their pricing models, although this comes with the caveat that clients might be more financially stressed, and desperate for help, than usual (p3).

But if we’ve learned one thing from the pandemic, it’s that challenging times spark innovation and allow businesses to demonstrate their resilience. Read how firms are getting themselves future-ready – whether through cloud migrations (p4) or efforts towards greater agility and scalability (p6).

Here at LPM, we’ve been conducting research this year, in partnership with PracticeEvolve, to understand where law firms are on their digital transformation journeys – particularly their relationship with cloud technology. Get your copy filled with the latest insights, and join us for a webcast on Wednesday 19 October as we bring together a set of experts to unpack the research and understand its implications. As always, do get in touch if you have something to share!