2025 Concerns in Law Practice of Large Firms:
|
Concern |
Question |
SCALE 1 Low |
1. |
Adoption of Legal
Technology |
How critical is
integrating emerging technologies like AI and machine learning to improve
operations and services? |
|
2. |
Branch Office
Optimization |
How critical is
optimizing the operations or locations of branch offices to improve
efficiency and profitability? |
|
3. |
Brand and Reputation
Management |
How challenging is
maintaining a consistent global brand while addressing localized needs? |
|
4. |
Client
Expectations for Global Reach |
How pressing is
the need to manage cross-border clients and deliver consistent service across
jurisdictions? |
|
5. |
Competition from
ALSPs and Big Four |
To what extent
does competition from ALSPs and Big Four accounting firms threaten your
market position? |
|
6. |
Cultural
Integration in Global Operations |
How important is
aligning cultural, legal, and regulatory environments within global
operations? |
|
7. |
Cybersecurity and
Data Privacy |
How concerned are
you about maintaining robust cybersecurity and data privacy protocols? |
|
8. |
Demand for
Multidisciplinary Services |
How important is
the ability to provide integrated legal, financial, and technological
solutions? |
|
9. |
Digital
Transformation Lag |
How concerned are
you about delays in adopting and integrating digital tools and innovation? |
|
10. |
ESG Concerns |
How critical is
addressing environmental, social, and governance (ESG) expectations for your
clients and firm? |
|
11. |
Fragmentation in
Legal Services Markets |
How impactful is
fragmentation in increasing inefficiencies and limiting access to innovation? |
|
12. |
Global Market
Competition |
How pressing is competition
from firms offering innovative or low-cost services internationally? |
|
13. |
Hybrid Work Model
Challenges |
How critical are
challenges associated with hybrid work environments, including culture and
cybersecurity? |
|
14. |
Manpower
Challenges |
How concerned are
you about recruiting, retaining, and developing legal and support staff? |
|
15. |
Market
Fragmentation |
How significant is
market fragmentation in creating inefficiencies and reducing innovation for
your firm? |
|
16. |
Pricing Pressures |
How challenging is
meeting client demands for competitive pricing while maintaining
profitability? |
|
17. |
Regulatory and
Compliance Challenges |
How significant
are challenges in keeping pace with evolving global regulations? |
|
18. |
Specialization vs.
Generalization |
How significant is
the tension between broad service offerings and deep specialization in
emerging fields? |
|
19. |
Succession
Planning |
How critical is
the challenge of identifying and preparing future leadership? |
|
20. |
Talent Drain |
How concerning is
the loss of talent to in-house roles, ALSPs, or tech companies? |
|