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Regional law firms need to sacrifice some of what has been sacred to survive

By Gavin Tyler, Managing Partner, Cripps Harries Hall

14 June 2013

Regional UK law firms are under threat. The threats they are facing are twofold.

First, the increasing internationalisation of legal work has left all but the largest multinational firms exposed, requiring them to reassess their role on this new global stage. In part, this reappraisal has led to the emergence of legal process outsourcing, with regional firms using their lower cost base as leverage to pitch and win work that might previously only have gone to the bigger legal players. It has proved to be a win-win situation for both the firms involved and their clients. The firms are able to provide the same quality of service as City firms, while enabling greater partner involvement in transactions.

The second and equally big threat ?to regional firms comes from alternative business structures (ABSs). These ?are targeting consumer services such ?as personal injury and conveyancing, ?with some now also expanding into ?other areas.

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