Conduct a business-model adaptability study in the context of a legacy sector facing technological disruption
Conduct a business-model adaptability
study in the context of a
legacy sector sector facing
technological disruption
The Actions
- Discussions with relatable, Canadian and international firms on the topic of market transformation
- Global-scale analysis of business models, pricing, talent management and alternative services
- Summarization of economic/regulatory/technological/competitive pressures that are redefining the legal profession
- Diagnosis on the implications of AI, ALSP and client expectations on the business model
254
lawyers/100,000 residents in Quebec, above the Canadian, British, German
and French averages.
84%
of law firms believe the environment in which
they operate changed significantly between 2010 and 2020.
76%
of law firms believe they did not evolve quickly enough to keep pace with the last 15 years of transformation.
81%
of Canadian law firms spend too much time
on administrative tasks, at the expense of practicing law.
72%
of law firms declare using AI in 2024, compared to 36% in 2023.
58%
of firms with 250 lawyers+ believe employee/partner
overcapacity is eroding their overall profitability.
The Result
A shared vision of the disruptive pressures affecting the legal industry, paired with a trade-off framework that can be fed into the 2030 Strategic Plan and favor engagement from partners to evolve the business model.