adapt to the changing legal market
Accelerator Lex
Embrace the fixed fee
Streamline project management
Reward innovation and operational efficiency
Evolve with the changing market to dominate the industry
Accurate Fees
Clients are spending billions on Alternative Legal Service Providers for the convenience of predictable fees. Take your clients back with Accelerator Lex | AF.
Effortless Project Management
Project management software can be difficult to learn and implement. Streamline your operations in a few minutes with Accelerator Lex | EPM.
Innovation Driver
Dominate the market by encouraging your staff to work better, faster, and smarter with Accelerator Lex | ID.
The Evolution of Legal Services
The third major evolution of legal services is happening now. And it’s gaining significant momentum.
Clients now demand predictable fees, and efficient, cost-effective work. You are an outlier if your firm hasn’t been effected by this trend, because billions of dollars are being diverted from law firms to Alternative Legal Service Providers.
This shift is fueled by the exponential growth of legal technology. Programs like document assembly applications and legal project management software allow savvy firms the ability to meet the new demands.
what the experts say:
“[T]he dramatic change in the role of clients, the significant growth
in non-law firm competitors, and the innovative responses by law firms themselves — are now beginning to coalesce in what can realistically be called a new emerging model for legal services.”
– 2020 Report on the State of the Legal Market, Georgetown Law Center on Ethics and the Legal Profession, & Thomson Reuters..
“‘A fundamental shift is now well underway,’ concludes the 2020 Report on the State of the Legal Market …. [C]lients have now taken ‘decisive control’ of the market and are demanding improved efficiency, predictability and cost-effectiveness.”
– Fundamental Shifts are Disrupting the Legal Market: 2020 Report on the State of the Legal Market, Thomson Reuters, Jan. 6, 2020.
“[Alternative Legal Service Providers] constitute a dynamic and growing segment of the legal industry, with global annual revenues for 2017 estimated at $10.7 billion …. The larger ASLPs … expect to grow at 24 percent a year.”
– 2020 Report on the State of the Legal Market, Georgetown Law Center on Ethics and the Legal Profession, & Thomson Reuters.
“[C]lients are insisting on more value for their legal spend. And by ‘value,’ clients now mean higher levels of predictability, efficiency, and cost effectiveness in the delivery of legal services, quality being assumed.
– 2019 Report on the State of the Legal Market, Georgetown Law Center on Ethics and the Legal Profession, & Thomson Reuters.
what you can do about it:
Accelerator Lex is the perfect tool to help you capitalize on the plethora of legal technology now available. With Accelerator Lex, you will be able to:
Satisfy clients with accurate fixed fees and fee quotes.
Imagine your client’s reaction when you tell them that this matter will cost them $14,386 (rather than, “somewhere between $10,000 and $15,000”).
Streamline operations with user-friendly project management.
Learn Accelerator Lex’s project management tools in 30 minutes, as you work on a billable matter. No need for training sessions or toiling around for hours with a complicated user interface.
Identify and implement the right legal tech for each practice area in your entire firm.
Tech like document assembly applications can reduce drafting time by 90% and reduce the risk of malpractice lawsuits. There are two reasons why firms haven’t adopted legal tech: (1) the inability to flat fee and (2) using time-based as a performance metric (i.e., the billable hour). Accelerator Lex solves both problems by giving accurate fee determinations and providing a production-based performance metric. These features encourage and reward attorneys and staff to find and apply the right legal tech for every practice area.
Start your evolution
Discover the power of fixed fees, streamlined operations, and maximum leverage.
Try Accelerator Lex.