Legal Industry 2.0: Five Steps to Transformation
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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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