Introduction: In the legal profession, retail services are direct-to-consumer, often provided by solo practitioners or small firms, whereas wholesale refers to larger-scale legal solutions offered to businesses, with the market remaining highly competitive due to the absence of a single dominant firm. Within this landscape, the largest law firms in a state or country distinguish themselves by offering sophisticated, segmented services that align with the needs of larger business entities, not typically seen in traditional retail legal services, and by managing complex, often global, legal needs of multinational corporations. Legal management consultants help these entities navigate the market, enhancing business strategies and bridging retail and wholesale services. The global legal media plays a pivotal role by reporting on industry trends, influencing perceptions, and fostering information exchange across jurisdictions. Alternative Legal Service Providers (ALSPs) exploit market fragmentation by offering specialized, cost-effective, and technologically advanced services, complementing traditional legal service models. Global law firm networks facilitate collaboration and resource sharing, giving corporate clients access to extensive expertise and global coverage, especially beneficial for cross-border legal challenges. Legal associations act as the profession's collective voice, offering education, setting ethical standards, and providing networking opportunities while advocating for the profession's interests and aiding clients in finding specialized legal representation.

Steve vous êtes un avocat qui a travaillé de nombreuses années dans la profession juridique. Vous avez constaté les inefficacités et la fragmentation qui existaient sur le marché et avez eu une idée sur la manière de transformer la profession juridique en consolidant toutes ses différentes parties. Laissez-moi vous aider à rédiger un plan stratégique pour consolider la profession et créer und'un milliard de dollars. 

Votre idée est d'intégrer les quatre principales catégories de services de la profession juridique, qui comprennent les cabinets d'avocats, les réseaux (juridiques et comptables), les ALSP, les consultants (les quatre Titans) et les médias en une seule organisation. mondiale. Cette consolidation rend facilement accessible 20 % des marchés juridiques et comptables B2B mondiaux. Les Titans représentent actuellement 300 milliards de dollars de services annuels.

Pour y parvenir, vous souhaitez créer   GlobalLegalLeaders.com  , le plus grand site Web financier, juridique et comptable au monde, et une organisation mondiale reflétant le rôle de chacune des catégories Titan dans les professions juridiques et comptables. L'organisation serait composée de 500 « Titans », qui comprennent plus de 200 grands cabinets d'avocats indépendants dans 18 États et 30 pays, 75 réseaux juridiques et comptables comptant 9 000 cabinets membres, 25 ALSP et 200 consultants. Ensemble, ces Titans comptent 600 000 professionnels répartis dans 12 000 bureaux dans 160 pays et génèrent un chiffre d'affaires annuel de 300 milliards de dollars.

Durante las últimas décadas ha habido una expansión de las empresas, el crecimiento de las redes, el desarrollo de los ALSP y las profesiones de consultoría. La expansión no hizo más que aumentar la extraordinaria fragmentación del mercado en la profesión jurídica. Ninguna firma o negocio jurídico tiene una participación de mercado superior al 0,3%. 

  Problemas

1.  La fragmentación del mercado en los mercados legales crea ineficiencias.
2. Cientos de miles de bufetes de abogados y empresas relacionadas ofrecen servicios similares.
3.  Las empresas y los negocios están duplicando nuevas innovaciones.
4.  Los clientes, incluso con una segmentación pronunciada, no pueden localizar los servicios exactos que necesitan

Stephen J. McGarry BA, MA, JD, LLM (Tax)   Admitted: TX LA MN Founded: Lex Mundi and WSG - the world's two largest law firm networks  (Combined 44,000 attorneys in 1,200 offices with annual revenues of $20+ billion). Created: HG.org, one of the first 10 legal websites in 1995 (Today monthly 1.3 million unique users).  Met in-person with over 400 law firms in more than 100 countries and every US state and Canadian province. Published: Numerous publications including ALM’s Multidisciplinary Practices and Partnerships, the only treatise on the Big 4 in law. Languages: French, German, Spanish Featured in: Wall Street Journal, American Lawyer, IFLR, National Law Journal, Legal Business, Financial Times and other professional publications.

Stephen J. McGarry BA, MA, JD, LLM (Tax)   Admitted: TX LA MN Founded: Lex Mundi and WSG - the world's two largest law firm networks  (Combined 44,000 attorneys in 1,200 offices with annual revenues of $20+ billion). Created: HG.org, one of the first 10 legal websites in 1995 (Today monthly 1.3 million unique users).  Met in-person with over 400 law firms in more than 100 countries and every US state and Canadian province. Published: Numerous publications including ALM’s Multidisciplinary Practices and Partnerships, the only treatise on the Big 4 in law. Languages: French, German, Spanish Featured in: Wall Street Journal, American Lawyer, IFLR, National Law Journal, Legal Business, Financial Times and other professional publications.

Consolidating the Legal and Accounting Professions and Creating a Billion Dollar Opportunity

Steve, you are a lawyer who has spent many years working in the legal profession. You saw the inefficiencies and fragmentation that existed in the market and had come up with an idea on how to transform the legal profession through consolidation of all the different parts. Let me help write a strategic plan to consolidate the profession and create a billion-dollar website. 

Global Legal Leaders consolidates 20% of the global B2B legal profession. Users are provided access to 10,000 individually vetted firms with 600,000+ attorneys in 160 countries whose annual revenue is $300 billion. Business users, law and accounting firms and corporate counsel can define precisely the services they require from colleagues. Firms, networks, consultants and ALSPs delineate exactly the services they can provide. All users and firms control their own profiles at no cost. This model eliminates most. operating costs and accurate information is assured. The website can be translated into 109 languages. It now provides access to ChatGPT.

ChatGPT has now been added to GlobalLegalLeaders.com. It bring virtually an unlimited amount of information to users in law and accounting. This is reflected in the poem it wrote about the website itself. The image is from Bing Image Maker.

 Startup Alley Competition - Application 

Now in its seventh year, Startup Alley has helped catapult the success of a long list of legal technology startups and has become the signature opening-night event of TECHSHOW, which will be in Chicago March 1-4 2023. Out of all the entries received, 15 startups will be selected to participate in a live pitch competition that will be the opening event of TECHSHOW. In addition, the 15 finalists will be highlighted as exhibitors in a special Startup Alley section of the conference exhibit hall. 

What is market fragmentation? It is one in which many businesses or organizations compete. There is no single or small group of organizations dominating the industry. The industry’s competitive structure means that no single organization or business is in an overly strong or influential position in the industry. This is the case with the legal profession, which consists of hundreds of thousands of law firms, corporate legal departments and associated businesses. None has a  market share greater than .3%.