Instant Insights / Law Firms Court Clients with Online Business Tools
Some firms are developing their own digital products; others are pairing with tech companies to provide web-based tools. But whatever the arrangement, lawyers see the value of offering online business tools to woo startups and satisfy existing clients. With a click, clients now have access to documents such as articles of incorporation, employee offer letters, nondisclosure agreements, stock purchase agreements, cybersecurity policies and more. In this Instant Insights, you'll see which firms are leading the innovation, what online products they’re offering and the advantages they’re gaining by providing clients with the tech tools they need.
New Rivalries Emerge as Law Firms Race to Innovate
Reactions to a new EU regulation show one way firms are increasingly competing not only with each other, but also with alternative legal service providers.
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New regulation is often said to stifle business. The opposite is happening for legal service providers in response to a new European Union data privacy law set to kick in next year.
Based in Chicago, Roy Strom has been reporting on the legal world since 2011. He covers law firms with a focus on how the Big Law business model is changing. He writes a weekly column for Law.com called "The Law Firm Disrupted," covering changes in the legal services market. He can be reached at firstname.lastname@example.org. On Twitter: @RoyWStrom
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