The next time your lawyer calls your mobile it might not
be to arrange a meeting but to deliver a re-worked facilities contract,
followed up by an e-invoice. The news that law firm Linklaters has invested
£5m in Blueflag.com, which provides legal services and advice over
the Internet, gives some answer to those who wonder whether professional
services can be delivered electronically. The fact that Linklaters is
consistently rated as the UKs leading real estate practice makes
the development doubly interesting.
The venture is currently aimed at clients in investment and banking markets,
providing professional legal advice and web-based products, including
regulatory compliance advice, tools for fund managers and information
relating to shareholding disclosure.
Linklaters distinguishes between 'customised' and 'commoditised' legal
services: "Customised services are appropriate to unique and/or innovative
and high value transactions. They involve "live lawyers" applying
their legal knowledge, analytical skills and drafting skills to produce
a new solution to the particular business/transaction. The type of service
we traditionally expect from a law firm.
"There is however a clear need, by both the law firm and its clients,
for the law firm to produce commoditised services. These are repeat situations
which while they do not require innovative legal thought, are very often
complex, high risk and high value and require judgement calls. For these
services, clients need an automated, efficient and cost effective legal
service which continues to ensure the highest level of legal expertise
and integrity."
Real estate, construction and facilities management are prime candidates
for a 'commoditised' legal service. It will be interesting to see the
charging structure.
Richard Byatt
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