Remember the times when cash and checks were the primary modes of financial transactions in our daily lives? Fast forward to today, and we find ourselves hurtling towards a cashless society, where pioneering companies like Monzo and Starling are at the forefront of revolutionizing the way we make payments. Online banking has become the new standard, fundamentally reshaping the landscape of financial transactions.
In tandem with the transformative changes witnessed in the realms of banking and shopping, the legal landscape has also undergone a significant evolution to meet the evolving expectations of clients and employees alike.
Over the years, client budgets have been stretched and many are now in a position where they chop and change the support or services that they require from companies, even from a legal perspective.
To be able to keep up with the change of demand, law firms are having to adapt to ensure they are continuing to thrive financially whilst offering their clients the same great service they are used to. As a result, the attraction of hiring lawyers ‘on demand’ has really taken off and is allowing law firms to manage their money more effectively as flexible legal resourcing can help to slash costs.
The peaks and troughs of flexible legal resourcing
Certainly, embracing change is seldom a straightforward process, and within the legal profession, the concept of flexible resourcing may present a learning curve for some law firms and practitioners. Transitioning to new models of work and resource management can take time as professionals adapt to evolving paradigms within the legal industry. However, this adaptation is essential to remain competitive and meet the evolving demands and expectations of clients and employees alike.
However, for firms who are hiring flexible lawyers, there is a logistical issue in terms of managing/tracking their time and finding someone who is best qualified to handle an issue. To combat these new concerns, law firms are investing in technology that can offer them solutions to their needs, such as tools to manage remote workers (Trello) or apps for more effective communication (Skype). This can help clients requiring specialized lawyers as well. Someone involved in an accident need not go through the hassle of finding an appropriate lawyer by themselves. This is because they may have better alternatives on +
how to find great accident lawyers. They can simply get in touch with a law firm that can assign a specialized accident lawyer who will assist the client.
A prime example of this evolution is the widespread adoption of flexible and remote working practices, which have become the standard in most sectors. Notably, these trends have now permeated the legal field, reshaping the traditional landscape of legal practice.
There are huge benefits such as cost cutting for firms and being able to access lots of legal professionals. Plus, for lawyers there is the new possibility to have a flexible working pattern for, and the chance to work with many different firms or clients.
The era of modernization has ushered in significant changes, demanding considerable effort from both legal firms and their employees. The legal industry is evolving at an unprecedented pace, requiring all its stakeholders to stay abreast of these transformations.