Students must be aware of the job opportunities that will emerge at Alternative Business Structures, an expert advises in Lawyer 2B’s podcast on the future of legal practice and the changing role of trainees.
Referring to Lawyer 2B’s report on the survey that 58 per cent of students would not seek work at an ABS, Tom Laidlaw of LexisNexis said: “When you’ve got 5,500 students coming off the Legal Practice Course and trying to work out where they are going to fit, to say ‘I don’t want to work for an ABS’ is just not understanding the way the world is going to go.”
“I would suggest that the vast majority of law students who end up working in legal services will be working for some form of ABS.”
In conversation with Hogan Lovells recruitment partner James Doyle and Lawyer 2B editor Rich Simmons, Laidlaw agreed that large firms would still need trainees to work on high-level matters, but suggested at the lower end of the market, “if you want to continue to deliver legal advice you are likely to be working for a large consumer brand.”
“Everyone talked about Tesco Law: I think it’s likely to be ASDA,” he said, pointing to the fact that ASDA’s parent company Walmart has recently opened a number of law firms within stores in Canada.
The podcast, which also covers topics including how technology is changing the role of trainees and the booming paralegal market, is available to listen to here. The discussion of ABSs starts at 19.35.