A great article in GC Magazine discussing the growth of NewLaw in Asia Pacific.
John Knox, LOD MD Asia, discusses LOD model and its growth, the “general phenomenon of unbundling” and the huge opportunity for NewLaw firms.
To view the full article click here.
“Post-GFC, clients now realise that, with the growth of these NewLaw models, there are alternatives they’ve never had before. There’s this general phenomenon of unbundling. I have the view that NewLaw may be less than 1% of the market now, but in the near future it’s going to be 10-15%, and if that happens within the next five to ten years, it will be a massive opportunity for NewLaw firms.”