Future Trends for Legal Services

Analysis

Future Trends for Legal Services

Future Trends for Legal Services is a research study commissioned by Deloitte Legal. Findings are based on 243 quantitative survey responses, and 30 qualitative, in-depth interviews, with in-house legal services purchasers, mainly occupying positions of CEOs, CFOs or General/Legal Counsel.

Key findings

In a growing market, purchasing patterns for legal services are changing. In-house teams are looking for pragmatic, industry specialists who are tech savvy and can offer more than traditional legal advice.

Research consisted of 243 web-based surveys and 30 long-form qualitative interviews. Data was collected between September 2015 and February 2016.

Key findings include:

  • The market for legal services is moving and growing
  • Purchasing patterns are changing
  • Purchasers’ expectations of legal services providers are evolving
  • Demand for alternative or non-traditional legal service providers is increasing
  • Legal services buyers' wish list includes:
    • Integrated cross-border advice beyond legal
    • Use of technology
    • Regulatory and global compliance advice
    • Fixed fees, value pricing and greater transparency

Future Trends for Legal Services

Legal services in Cyprus are provided by Hadjianastassiou, Ioannides LLC. 

Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For regulatory, legal, and other reasons, not all member firms provide legal services.

Hadjianastassiou, Ioannides LLC is a private lawyers’ limited liability company registered in Cyprus (Reg. No. HE227297), regulated by the Cyprus Legal Council and the Cyprus Bar Association (www.cyprusbarassociation.org) (CBA Reg. no. 22). It is the sole member in Cyprus of the Deloitte Legal network of law firms.

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