6. Legal Services Landscape
In-House
Governance & risk management
Compliance programs
Litigation management
IP / IT
Transactions
Contracts
Manage service providers
Outside
Counsel
Specialized & bespoke
services (litigation, complex
transactions, tax, bankruptcy,
multinational intricacies)
LPO
Providers
Litigation support
Contract management support
Compliance process support
7. Paying the Right Price
LEVEL OF COMMUNICATION/INTERACTION B/T CLIENT & FIRM
GREATER
CLIENT
RISK
GREATER
FIRM
RISK
8. Increasing Pressure for Lawyers
competition
politics of partnership
time demands
workload
business development
quotas
9. Client pricing pressure
Reliance on deal work
Disloyal partnership
Size of Canadian market
Global competition
New models
Strains on BigLaw
10. Imbedded lawyers
Best-of-breed credentials
Low overhead
Flexible/customizable basis
Integrated with client team
Cognition Innovation
11. Choose workload
Flexible environment
No billable quotas
Non-partnership track
Different culture
Cognition Lawyers
12. Experienced Counsel
Average experience among Cognition lawyers:
They also had a combined
total of:
in-house experience before
joining Cognition
XXX
Years
This means that Cognition’s
Lawyers currently have a total of:
in-house experience
XXX
Years
Cognition’s Lawyers spent
a total of:
working in law firms before
moving on to in-house
positions
XXX
Years
15. Media Attention
“The principles behind Cognition…include being tech-savvy,
efficiency-conscious, low-overhead and partner-free.”
“[Cognition] is part of a new breed of small, nimble law firms thriving
at a time when traditional corporate firms are seeing their profits
squeezed”
“The key to reducing fees to a fraction of [Cognition’s] Bay Street brethren? Cut
out the marble-adorned offices and hire senior lawyers who can handle projects
without assistants and junior associates.”
Cognition named one of
Canada’s fastest growing
businesses for a third year
in a row!“Cognition LLP [is] shaking up the market with new ways of
providing legal services, such as fixed-fee services.”