This is a fantastic article. The sharing economy can and has been be applied to the legal profession. The market is changing, 'market disrupters' are changing the face of the profession and questioning the traditional model.
Innovative GCs and lawyers - the supply and demand within our industry - are demanding and driving change. The traditional partnership model is becoming outdated and innovative and progressive leaders are looking for alternative structures to add to the mix.
For GCs it has to be about efficiency, effectiveness and value add. For lawyers it is about doing what you enjoy but also retaining balance. The traditional partnership model with a focus on billing and revenue targets is becoming harder to sustain.
Whether it is a sharing economy or another, it's clear we need a different model in the legal industry...
If one were to take the legal expertise resident in the traditional model (f/k/a The AmLaw200) and put it into a new, more specialized and networked structure that has technological and business process prowess, it would be a potent combination. The result: reduced cost, customer-centric approach, and risk mitigation. Why’s that? Because people would assume roles and perform tasks they were trained for. Technologists and process experts would also have an equal seat at the management table, ensuring that legal delivery — as opposed to practice — is managed as a business. And metrics — both client and internal — would gauge efficiency and performance. Legal delivery is not solely about lawyers anymore.