CPD Training for Barristers
The legal profession in general and barristers in particular are going through 'interesting times'. You have Clementi, Tesco Law, and the Legal Services Act.
According to research 58% of solicitors and 41% of barristers now think that high street law firms will be “drastically” affected by the reforms. 60% of solicitors surveyed think that high street law firms will be a “rarity” by 2015.
Commercial law firms & barristers
The Intendance/Sweet & Maxwell research found that commercial law firms and barristers are also expecting the reforms to introduce dramatic changes into their worlds.
With the reforms allowing partnerships to restructure into companies, issue shares, raise capital and even float on stock markets, half (50%) of all respondents feel that in 10 years time most law firms will no longer be partnerships.
Whilst commercial solicitors seemed enthusiastic about the opportunities that the reforms bring barristers are much more opposed.
- 37% of solicitors say that the reforms may encourage their firms to take on outside shareholders.
- 37% of solicitors say that they expect their organisation to bring barristers onboard as partners.
- 18% of barristers described the idea of solicitors and barristers forming partnerships together as anathema!
- 80% of barristers say that they would not welcome their Chambers being taken over by a law firm.
- 26% of solicitors said their firms may be encouraged by the reforms to spin off or repackage some of their work outside of their business (eg conveyancing, debt collection).
So what are you going to do about it?
You can pray that nothing will really change and you just go on in the same old way waiting for instructions from the solicitors. Or both clerks and tenants can be a little more proactive in their business development. One of the key ways of attracting new business is to show your expertise by running seminars. However from our vast experience with other Chambers, we know that a lot of the hosts behave like this...
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Thousands can be spent on hosting events, but what return do you get from the investment? Not just the investment of money but the invisible (and often large) amount of time spent in its preparation. And when the event itself takes place how well does the team perform on the night? We run evening training sessions entitled 'How to host a successful and profitable corporate event'. TRY BEFORE YOU BUY We are always prepared to invite a senior member of your Chambers to come and see exactly what we do at one of our public seminars or one of our very popular web seminars. For further details please contact our Business Development Director, Ann Davies, no strings attached! |
Chambers Kintish have worked with...11 Kings Bench Walk 23 Essex Street 4 Pump Court Keating Chambers No5 Chambers One Essex Court QEB Hollis Whiteman |
