Will the growth of non-firm firms (NFFs) lead more traditional firms (TFs) to say “WTF?”. More importantly, what will the increasing proliferation of NFFs mean for law department management in the coming years? Certainly a trend that requires close monitoring – terms such as “legal outsourcing” and “legal process outsourcing” are rapidly evolving.
I want to talk about an important trend in legal services, the emergence of the “Non-Firm Firm.” What is a “non-firm firm,” and why does it have advantages over the traditional firm? Let’s look at five characteristics of the non-firm firm (let’s call them NFFs) and contrast them with the traditional firms (TFs).
[via: The Rise of the Non-Firm Firms at the ABA Journal]