Page 31 - Lawyers and Accountants - The Future of the Professions
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Lawyers and Accountants 2019 -
What are the factors that will push the professions up the consolidation curve?
1. Macro Collaboration - Moving Network Consolidation up the Curve107
The beginning of this paper set out the macro view of the legal and accounting professions. There
were seven primary perspectives and tools:
(1) Recognize that there are global shifts occurring in
regard to who offers services and how those services are
provided. In other words, it is not about the short- or
medium-term; it is about structural constructs and not
what is occurring in any particular market. It is about
professional history, not about local developments. It is
about the translation of ideas into implementations. It is
about the big picture and, at the same time, it is
ultimately about the micro results.
(2) Change must be pushed externally. The status quo is
affected by understanding the external environment.
External development means education at many levels. Any upward movement can easily be set back
by a lack of knowledge on the part of those involved.108
(3) Internal actions must be taken to educate network members. External transformation of the
market does not mean an automatic internal transformation at networks.
107 Chart adapted from: Steven Martin, 3 Charts Which Illustrate the Future of the Legal Industry, FRESH MINDS (April 13, 2017),
http://www.freshminds.net/2017/04/3-charts-illustrate-future-legal-industry/.
108 Heidi Gardener, Collaborating Better Across Silos, HARVARD BUS. REV. (Jan. 5, 2017), https://hbr.org/ideacast/2017/01/collaborating-better-across-
silos.html.
28
What are the factors that will push the professions up the consolidation curve?
1. Macro Collaboration - Moving Network Consolidation up the Curve107
The beginning of this paper set out the macro view of the legal and accounting professions. There
were seven primary perspectives and tools:
(1) Recognize that there are global shifts occurring in
regard to who offers services and how those services are
provided. In other words, it is not about the short- or
medium-term; it is about structural constructs and not
what is occurring in any particular market. It is about
professional history, not about local developments. It is
about the translation of ideas into implementations. It is
about the big picture and, at the same time, it is
ultimately about the micro results.
(2) Change must be pushed externally. The status quo is
affected by understanding the external environment.
External development means education at many levels. Any upward movement can easily be set back
by a lack of knowledge on the part of those involved.108
(3) Internal actions must be taken to educate network members. External transformation of the
market does not mean an automatic internal transformation at networks.
107 Chart adapted from: Steven Martin, 3 Charts Which Illustrate the Future of the Legal Industry, FRESH MINDS (April 13, 2017),
http://www.freshminds.net/2017/04/3-charts-illustrate-future-legal-industry/.
108 Heidi Gardener, Collaborating Better Across Silos, HARVARD BUS. REV. (Jan. 5, 2017), https://hbr.org/ideacast/2017/01/collaborating-better-across-
silos.html.
28
