The Legal Broker London was founded to make the UK
market for legal services work better for its consumers and
suppliers.
English Law is the pre-eminent legal framework for
business and international dispute resolution and the UK's law
firms and court systems lead the world. English commercial law and
the firms that practice it have until very recently thrived, with
the top 100 firms generating global revenues of £15 billion in
2011/12; but as the UK legal market has grown in prominence, so too
has its complexity and range of specialism.
Tougher economic conditions, liberalisation of the
UK legal services market, technology and globalisation are spurring
more efficient and cost-effective entrants into the market.
Traditional billing and business models are under attack and will
soon be redundant. Many of the UK's leading law firms will not
survive in their current form. Only the most specialised lawyers
will be able to justify higher fees.
The need for high quality corporate legal advice has
never been greater, but the law has become too expensive. Greater
choice and lower costs are good for business, but they also bring
challenges. Buyers of legal services will face increased
procurement risk because assessing the suitability of legal
services providers will become more complex. Understanding the
market, who are the best providers and what are the right terms
upon which to instruct, is increasingly
difficult.
As in other industries, where there is asymmetric
information between buyers and sellers, skilled brokers have
emerged. The Legal Broker London exists to bridge that knowledge
gap between the buyers and suppliers of legal services. All
of our advisers are experienced solicitors and barristers with
extensive expertise in commercial law. The Legal Broker
London reduces search and matching costs for buyers and sellers;
increases consumer satisfaction by helping buyers find the right
supplier for the right cost on the right terms; and rewards
excellence in legal practice by driving work towards the most
appropriate suppliers.