A refresher of my legal market strategy think pieces, commentaries, interviews and webinars at the halfway point of 2023.
For the past six months, the theme of global legal markets has been radical evolution.
Enormous change has been prevalent with a new U.S.-based entrant into the Canadian legal market along with build-outs of American firms that have been in Canada for many years.
Law firm mergers have been prolific in Canada and abroad. And traditional legal practices are needing to evolve their business strategies in an increasingly competitive marketplace.
These signs of growth, expansion and innovation are indicative of a strong and healthy global legal market, and feisty competition keeps players sharp.
While I don’t claim clairvoyance, all of this was forecast in my first article of the year, Smart Strategy: Rethink, Restructure and Retool, which appears at the top of the list below.
I appreciate you taking an interest in my legal market strategy work, thoughts and analyses, and thank you for following me.
It is readily apparent that this is a go-go year for legal markets worldwide.
So, a word of advice: Buckle up; we’re only halfway through the year.
Articles and Posts
Media Profile and Webinar Chairing
Two Midsize Toronto Business Law Firms Combine in Latest Merger in Canada — ALM — June 7, 2023
The combination creates a new entrant among Toronto’s 100-plus lawyer law firms, and is the latest in a string of mergers involving regional and midsized firms across the country over the last year.
The full story is here on Law.com. It includes my commentary on expectations for more mergers due to the rebalancing of the global legal market.
Heather Suttie is an internationally recognized legal market strategy and management consultant to leaders of premier law firms and legal service providers worldwide.
For 25 years, she has accelerated performance within law firms and legal service businesses — Global to Solo | BigLaw to NewLaw — by providing consultative direction on legal business strategy, market strategy, management strategy, and client strategy. The result is a distinctive one-of-one legal market position and sustained competitive advantage culminating in greater market share, revenue and profits.