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Legal Developments in the UK Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to. How a law firm works is no different from any other business in some respects. The firm has a pipeline of work which the faster it can service the more revenue it can realise. Tesla, for example, as a relatively new and small car manufacturer, do not have years of knowledge and experience in manufacturing cars.
However, they use their smaller size and agility to their advantage, by leveraging the ability to make process improvements on the fly, rather than in the prototype phase like other manufacturers. Although this does pose different challenges, it does allow Tesla to compete and explore innovative methods in production and process improvement. Some firms are already using AI indirectly, via the use of cloud products which incorporate the technology in its development.
Without the strong brand presence and resources of firms such as DMH Stallard, or the focused niche services of smaller practices, smaller firms must understand how they are going to compete. It is perhaps then this agility and the technological opportunities which firms can seize to increase their fortunes and future outlook.
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