Did you hear that sound? Listen carefully. What is that row? It’s the sound of alternative legal providers’ footfalls, gaining on you.
According to Legal Business magazine (a UK-based trade publication), one of the top ten “overall advisors” in the UK market is Axiom. Huh? Let me repeat that. In a survey of major corporate clients in the UK, one of the top ten “advisors” is NOT a law firm, but an alternative legal services corporation.
Step quickly, chaps! We’ve got a spanner in the works, and pretty soon we’ll be ten a penny! (look it up)
Legal Business noted, that this breach of the coveted top ten, was “significant” and “demonstrate[ed] how non-law firm providers are winning over some bluechip clients.” I take something different from these results: Big Law take note, alt.legal firms are not just “winning over some bluechip clients,” we are gaining the respect and trust of their corporate counsel clients. To be recognized as commercially viable is one thing, but this recognition awards that ephemeral prize of every attorney’s desire: prestige. For those of you who believed that change is coming, keep reading. For those that don’t… well, the link probably won’t work on your Blackberry anyway.