1  

Despite  recession  legal  market  is  growing  globally.    

2  

US  is  s9ll  largest  market  in  world  but  for  how  long.  

3  

UK  and  EU  are  significant  and  London  along  with  New  York  has  world’s   global  law  firms  and  s9ll  controls  major  capital  markets.  

4  

Growing  along  with  BRICS  in  general.  Difficult  to  know  if  it  will  be   sustained.   Will  Asian  and  Chinese  law  firms  rise  to  challenge  hegemony  of  Anglo-­‐ American  axis?     What  about  La9n  America?  

5  

6  

Growing  along  with  BRICS  in  general.  Difficult  to  know  if  it  will  be   sustained.   Will  Asian  and  Chinese  law  firms  rise  to  challenge  hegemony  of  Anglo-­‐ American  axis?     What  about  La9n  America?  

7  

Global  law  firms  con9nue  to  be  major  forces  and  are  growing  in  size   and  strength.   But  note  that  law  firm  equity  partnerships  are  shrinking.   Careers  in  law  firms  have  changed  drama9cally.  No  longer  lifelong   commitments.  Much  more  corporate  in  structure  and  values.   Should  be  contrasted  with  growth  in  niche/bou9que  prac9ces   specializing  in  par9cular  areas.   Primacy  of  law  firms  being  challenged  by  rise  of  power  of  in  house   counsel.    

8  

Technology  is  changing  legal  market  in  both  personal  and  corporate   sectors,  but  in  quite  different  ways.  Legal  Zoom  for  the  individual  and   Pangea3  for  the  corporate.   Technology  could  lead  to  de-­‐skilling  of  professional  workforce   reducing  need  for  lawyers  but  people  trained  in  aspects  of  legal   services.   Barriers  between  producers  and  consumers  of  legal  knowledge   disintegra9ng.  Compare  to  use  of  people’s  use  of  internet  as  aid  to   obtaining  medical  services.   More  online  dispute  resolu9on.  

9  

UK  becomes  game  changer  in  regula9on  of  legal  markets.  Alterna9ve   Business  Structures  raise  ques9ons  of  what  is  a  lawyer  and  what  is  a   law  firm?  

10  

Examples  of  alterna9ve  business  structures  emerging  in  UK  in  2012.   Show  influence  of  Australia’s  moves  to  incorporated  legal  prac9ces   earlier  in  21st  century.  

11  

UK  becomes  game  changer  in  regula9on  of  legal  markets.  Alterna9ve   Business  Structures  raise  ques9ons  of  what  is  a  lawyer  and  what  is  a   law  firm?  

12  

Troika  is  already  forcing  changes  on  legal  professions,  legal  markets,   courts,  civil  codes  and  more.   How  will  USA  adjust  to  these  changes?  Will  its  ini9al  resistance   con9nue?  With  what  consequences?  

13  

What  is  a  lawyer?  Aeorney,  abogado,  barrister,  solicitor,  bengoshi,   paralegal?  Or  is  it  just  legal  services  provider  now?   What  is  a  law  firm?  Is  it  Coopera9ve  Legal  Services?  is  a  website?  Is  it   virtual?  Is  it  a  corpora9on?   Are  legal  services  different  from  tax  advice  or  planning/zoning  advice?   Have  global  law  firms  “escaped”  regula9on?   What  do  you  do  with  different  ethical  standards  and  codes?  For   example,  lawyer-­‐client  privilege.   Does  legal  educa9on  need  to  change  to  match  changing  legal  services   market?  What  does  legal  educa9on  actually  mean?  Can  we  rely  on  old   models  of  legal  educa9on  and  training?  What  is  fit  for  purpose  here?    

14  

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