B2B
legal services companies increasingly deal with high amount of paperwork and human
resources spend hours of unproductive time filing away and then retrieving that
one crucial piece of paper. Technology helps solving this problem, with cloud
computing allowing the lawyers to bill, time-track and store documents
effectively. Cloud computing is a category of software delivered over the
internet rather than being installed on the legal service provider’s computer.
It has low upfront costs, easy access, simple setup and configuration and
allows unlimited storage. According to a survey, by LTN more than 50% of the Am
Law 200 firms use cloud computing for e-discovery and productivity
applications.
THE
BUSINESS RESEARCH COMPANY VALUED THE GLOBAL B2B LEGAL SERVICES MARKET AT $350
BILLION IN 2017
North
America was the largest geographic region in the market, accounting for more than
half of the global market. The USA was the largest country accounting for
nearly half of the global B2B legal services market.
Order the report at https://www.thebusinessresearchcompany.com/report/b2b-legal-services-global-market-report-2018
According to The Business Research Company’s Consultant, Nitin
Gianchandani, pressure to control costs have forced law firms to move away from
traditional by-the-hour billing models to alternative billing models. The new
alternative billing models include fixed, flat blended and capped fees. Many
law firms are switching to alternative billing models to build long term
relationships with clients and to maximize value they are offering to clients.
According to a survey by the US law department, about 72.8% of fees paid to
outside counsel was not based on standard hourly rates or the billable hours.
Download a sample of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=423&type=smp
Clifford Chance was the largest player in the B2B legal services market
in 2017, with revenues of $1.9 billion (1.54 billion euros) in 2016. Clifford
Chance’s growth strategy aims at focusing
on professional standards and risk management.
The
B2B legal services market comprises establishments offering practices that deal
with the body of law governing the disputes between businesses.
B2B Legal
Services Global Market Report 2018 is a detailed
report giving a unique insight into this market. The report is priced at $4000
for an individual user. To use across your office, the price is $6000 and $8000
if you wish to use across a multinational company.
About The Business Research Company
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The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company
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