1329 Baker McKenzie

Published on Slideshow
Static slideshow
Download PDF version
Download PDF version
Embed video
Share video
Ask about this video

Scene 1 (0s)

Baker McKenzie. 1329 Live Project Presentation. Ebba, Sahil, Mark, Oscar, Louise.

Scene 2 (9s)

Presentation Overview. Assessing Baker McKenzie & the Law Industry.

Scene 3 (30s)

Executive Summary. Executive Summary. Executive Summary.

Scene 4 (38s)

Assessing Baker McKenzie & the Law Industry. Assessing Baker McKenzie & the Law Industry.

Scene 5 (47s)

SMART. Smart Technologies. Modern Workforce. Aggregated Data.

Scene 6 (1m 17s)

Baker McKenzie: Driving Growth and Innovation in the Legal Industry Revenues USD 3.3bn Net income USD 1.24bn Regional Growth North America +12,1% Latin America +4.1% EMEA +3.4% Asia Pacific +3.3% Europe, Middle East, Africa Most Profitable Region Standout Practices Private Equity Antitrust & Competition Private Equity Mergers & Acquisitions Real Estate Standout Sectors Technology, Media & Telecom Healthcare & Life Science Energy, Mining & Infrastructure Private Equity +25.7% Antitrust & Competition +10.2% M&A +9.2% TM&T +8.8% H&LS + 9.6% EMI 10.8% 65% Deals Cross Boarder + 5% from 2021 Country Presence 0 2 4 2012 2022 Revenue 2012-2022 +65% Increase from 2012 to 2122 USD 2.3bn to 3.3bn Worldwide for cross- border M&A transactions in the last 15 years #1.

Scene 7 (1m 45s)

How Baker McKenzie Can Maintain Its Edge in a Changing Legal Landscape.

Scene 8 (2m 11s)

Navigating the Legal Industry Landscape and Preparation for the Future The US remains as the largest market for legal services in the world. The top 100 leading law firms in the US generated a total revenue of almost $131 billion in 2022. Baker McKenzie lowest revenue compared to their three biggest competitors Baker McKenzie highest number of lawyers compared to their three biggest competitors 0 200 400 600 800 1000 1200 2025 2024 2023 2022 2021 2020 2019 2018 4795 4028 3078 3025 0 1000 2000 3000 4000 5000 6000 Baker McKenzie DLA Piper Latham & Watkins Kirkland & Ellis 6,5 5,32 3,68 3,3 0 1 2 3 4 5 6 7 Kirkland & Ellis Latham & Watkins DLA Piper Baker McKenzie Industry size & Expected Growth -0,2% 1,0%1,0% -1,6% 3,7% -0,1% -2,0% -1,0% 0,0% 1,0% 2,0% 3,0% 4,0% Growth in Demand for Legal Services After a post-pandemic upturn, the demand of legal services has once again started decreasing due to economic circumstances Number of lawyers Gross Revenue FY22 $bn The Big 4 accounting firms – Deloitte, EY, KPMG, and PwC – are increasingly capturing share of the legal services market Close to 24% of the large US law firms stated that they had lost out on business to the top accounting firms..

Scene 9 (2m 54s)

Assessing the Business Environment. Assessing the Business Environment.

Scene 10 (3m 2s)

Trends such as the use of artificial intelligence, increased geopolitical tensions, and the importance of client experience will impact the external environment of the firm..

Scene 11 (3m 38s)

Detailed dive 1: Increased geopolitical tensions.

Scene 12 (4m 10s)

Detailed dive 2: Economic factors. IMPACTS. • An industry effect where inflation causes firms to.

Scene 13 (4m 37s)

Detailed dive 3: Technology advancements. IMPACTS.

Scene 14 (5m 15s)

Threats. Threats • Alternative legal service providers Economic hindrances such as inflation and geopolitical issues The demand for legal services is decreasing Lowered productivity Cybersecurity risks Increased client expectations •.

Scene 15 (5m 50s)

The Firm Strategy. The Firm Strategy.

Scene 16 (5m 58s)

As one of the largest and most prominent global law firms,.

Scene 17 (6m 56s)

Though Baker McKenzie is one of the largest in the industry, to further strengthen their position these are some strategic considerations:.

Scene 18 (7m 58s)

A Look Into the FU tl._Jre. A Look Into the Future.

Scene 19 (8m 7s)

Recommendations for the fUtUre. Recommendations for the.

Scene 20 (8m 32s)

Artificial Intelligence Geopolitical tensions. • Learning to use AI and LLM can give a huge competitive edge in the industry.

Scene 21 (8m 56s)

Client Experience Alternative Service-Providers. • Improving CX strategy to meet the demands of a new generation that is entering the job market.

Scene 22 (9m 23s)

Sources. Enæelland, Bryce. "TYE Impact of a Changing Ecoromy on Law Erm Performarce in 2023: Eyes towards the Second Hdf of the Yea." Thomson Reuters Institute, July 17, 2023. httos:f/wv.w.thomsorreuters.com/enus/oostsfleaalfchanaina ecoromv law firm oerformarcef. NA. "New Report on ChatGPT & Gererative A1 in Lav.' firrns Shows Abound, Even as Concerns Persist." Thornson Reuters Institute, April 17, m23. aenerative ai law firms 20231. Seatm Jessica. "Just How Much IJS•China Geopofitics Threaten Law Err-ns in Asia?" Law.cor-n International. Accessed September 28, 2023. httos://www.lo•w.comnnternational edition/2023/05/31 /iust- how muchrwill uschina aeoøolitics threaten law firms inosia/..