Bellwether 2020: COVID-19 and the legal industry

The LexisNexis 2020 Bellwether report has some surprising findings – confidence is high and work hasn’t dried up (yet). This is a moment of opportunity for law firms – those that don’t adapt to new technology risk being left behind.

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You might think lawyers would be more likely to exclaim “OMG” than insist that COVID-19 has meant Business As Usual.

But the LexisNexis 2020 Bellwether report has some surprising findings — confidence is high and work hasn’t dried up (yet).

This is a moment of opportunity for law firms. Those that don’t adapt to new technology risk being left behind.

Through extensive research, we wanted to explore what the operational response has been to new ways of working; including the impact on mental wellbeing.

We also explore what the commercial implications have been to businesses and how they plan to survive these unprecedented times.

71% of firms see COVID-19 as a once-in-a-generation opportunity for innovation. Is your firm keeping pace with competitors?

COVID-19 and the Legal Industry: OMG or BAU?

The sky has fallen in. Or has it?

We asked the legal market and the results may surprise you. Small firms are more confident than expected — most believe they will survive through 2020 and expand in the future. Despite Brexit COVID-19.

But the crisis has changed the way the legal industry needs to operate. Some firms have quickly innovated — improving staff morale, adopting new tech and seizing commercial opportunities. Other firms risk complacency or inertia. Is your firm at risk of being left behind?

This year’s Bellwether will shed light on what you need to do to stay ahead of the competition.

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