Very interesting to see the Legal Standards Board calling on the profession to reinvent itself after seeing a decade of change.

Interesting timing. The pandemic has arguably caused 5 years' worth of change in 5 months. Larger firms have adjusted their business models, while others have found the environment was the last straw for their firm.  

It's self serving to say it - but we are embracing the re-invention called for wholeheartedly. Indeed in a couple of weeks we'll see the launch of a "law firm operating system" that will usher in platform operation, high standards, a belief in regulation and the ability of new entrants - whether lawyers or not - to create branded, regulated firms.

In a quote attributed to Henry Ford we find the answer:

"If I had asked people what they wanted, they would have said faster horses"

Likewise, we don't need more law firms - we need a new approach.

Buckminster Fuller nails it and I commend it to you - regulator, lawyer, client alike:

"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."

Game on.