The latest NewLaw firm in Hong Kong, Cognatio Law,
offers a solutions-driven platform to assist in-house legal teams in
Asia that are struggling to reduce costs, headcount and fixed expenses,
whilst still meeting clients needs and deadlines. Your business is able
to engage our legal and compliance specialists who are available for
either one-off assignments and/or ongoing time-critical and sensitive
projects, all without having to incur the additional expenses a
permanent employee would entail.
There
is a widening gap between what traditional law firms offer and what the
marketplace is demanding. The NewLaw businesses are more in demand than
ever before, due to their flexibility, cost-effective solutions, and
willingness to accept newer technologies and systems. The latest data
is showing an definite market shift from law firms (lawyer-centric) to
law companies (business/tech-centric). Clients, not lawyers, are now in
control, and law firms need to make the transition from their current
lawyer-centric partnership model to a customer-focused, technology-based
legal services provider.
Business
and technology skills are now required tools for any professional
services firm which wants to succeed. This is partially due to the
pressure prospective clients are under to be “cost-effective”, yet still
manage numerous projects and meet required business or regulatory
deadlines. Clients are demanding and expecting accurate, efficient,
flexible, and cost-effective legal services. Possessing technical legal
knowledge alone is now not enough except for a few specialist areas.
To
find success in the current legal marketplace, possessing or acquiring
new skill sets such as project management, data analytics, business
acumen, social media literacy, and technical agility is essential. The
more innovative and nimble NewLaw firms are taking note of this, and
thus have been able to offer a flexible lawyering business model created
to satisfy the ongoing and evolving demands of in-house legal teams.
The benefits of hiring NewLaw firms are numerous and an increasing
number of APAC based GCs have begun to realise how having expert and
flexible help at their fingertips can create an immense impact on being
able to meet strict business deadlines in a timely manner, whilst still
remain very cost-effective.
About us:
The team at Cognatio Law has
over 40 years experience of working with legal, compliance and risk
professionals across the Asia Pacific region. If you are in need of
additional legal and compliance resources in Hong Kong, please contact
us to engage our professional consultancy services.
Connect with Cognatio Law
2310 Dominion Centre, 43-59 Queen's Road East Wanchai, Hong Kong
Website: https://www.cognatiolaw.com/
Facebook: https://www.facebook.com/CognatioLaw/
Twitter: https://twitter.com/CognatioLaw
Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.
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