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Dozen silks sign up for launch of ABS LawVest

Cost certainty and price transparency are two of the three critical issues for businesses looking to instruct (as indeed they are for members of the public). The third element of high quality counsel goes without saying in a legal system as revered as ours. So, will this latest development lead to price wars (as is the concern in some sets)? It may, it may not. It will undoubtedly lead to price comparison. It will, however, result in chambers becoming more proactive in differentiating their skills and services from their competitors. They will need to become increasingly innovative in how they attract and retain business. They will need to become more aggressive in marketing their wares to the business sector and they will need to have strong partnerships in place with law firms or other legal professionals if they are to adequately meet the demands of the market. It promises to be a very exciting year!

20-Feb-2012

12:52 pm