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The future of the legal services value chain will be driven by AI and technology
As law firms look at digital transformation to improve operational efficiency, as well as manage pricing and cybersecurity, we recommend a five-stage approach to improve profit per partner. The right transformation strategy also ensures alignment with market trends and the multi-disciplinary demands of clients. The key stages of such an approach include:
Conducting as-is-maturity analysis at each level of the value chain
Defining the goals of the firm
Identifying problems through a root cause analysis
Defining a counter measure transformation plan
Embarking on the journey
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