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Home » Legal » Law firms "do or die" to succeed in recession

Polly Winder
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Law firms "do or die" to succeed in recession

Submitted by Polly Winder
Mon, 22 Jun 2009

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The impact of the recession is forcing businesses to make changes to the way that they operate. The Legal profession is one of them as there has been an increase of 26% from last year in the number of law firm closures, according to statistics from the Solicitors Regulatory Authority. Competition is fierce and is set to increase when in 2010 organisations other than law firms, will be able to provide legal services under the reforms of the Legal Services Act 2007. The purpose of these reforms is to increase competition and choice for consumers.

Zara Ishaq from RightSolicitor.co.uk believes, "These changes will place more pressure on law firms to update the way they find new business and clients. Firms need to constantly adapt and embrace new ideas if they are to keep up with the competition and flourish. Some law firms are already accepting that they cannot sit at their desks waiting for clients to get in contact as in previous years, they now have to make constructive moves to get more clientele through their doors."

It's been claimed the new reforms will cripple law firms, Zara Comments, "This is just scare mongering, and there shouldn't be a problem if law firms make the necessary changes so that they and the new legal services can all be part of the new legal system. However the new system has to be properly regulated with proper safeguards put in place otherwise the general public will see a reduction in the quality of the services offered."

Zara explains new technologies and in particular the internet has provided the legal industry with fantastic marketing opportunities, "Innovation and change can be scary but if properly thought out and put into practice, it can have huge benefits for the legal profession. Solicitors need to evolve and make changes to their traditional way of working for the benefit of the consumer and to keep developing during the downturn."

Zara's company www.RightSolicitor.co.uk provides the public with an online means of searching for a specialist solicitor, drawn from a carefully selected panel of vetted practices. RightSolicitor.co.uk only partner with reputable firms with more than three years experience, who have a proven track record in their field, giving clients freedom from random selection via directories. The website reduces the time and effort required to search for a reputable solicitor, while firms are provided with a way of marketing themselves to keep up with the competition and the ailing economy. They can therefore reach a far wider audience more easily and the public can access specialists even if they aren't local.

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www.rightsolicitor.co.uk


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