Part of our coverage of “Law Firm Evolution: Brave New World or Business As Usual?”, a conference held March 21-23, 2010 by the Georgetown Center for the Study of the Legal Profession. For all our posts on the conference click here.
Reported by: Gregory P Bufithis, Esq. Founder, ThePosseList.com/ProjectCounsel.com
The UK legal services market is embarking on a period of rapid change driven by factors such as market liberalization, new business structures and models, technological developments, and an increasingly sophisticated and discerning customer base. While it is a period of uncertainty for some in the legal sector, opportunities will also emerge for innovative and forward thinking law firms, new entrants moving into the market, and various suppliers to the legal services marketplace. These changes have led UK firms to move a bit faster, perhaps, than their US brethren.
We had the opportunity to discuss these changes in the UK, and look at the world market for legal services, with Reena SenGupta, founder and Managing Director of RSG Consulting. And we probably can find no better source for this conversation. Reena has over 15 years’ experience of researching, reporting on and analyzing the legal sector. As editor and publishing director of Chambers Publishing, she devised the research methodology behind the Chambers and Partners guides to the legal profession and launched the first ever Chambers Global guide. In 2001, she set up RSG Consulting.
She is a very natural communicator and analytical commentator on the legal market, and she is extremely well-known throughout the profession. Her extensive network spans senior lawyers, clients and legal PR professionals as well as commentators and journalists. She writes regularly for the Financial Times and devised and launched the FT Innovative Lawyers Report, now in its third year. Our interview with Reena: