2016 On-Demand Economy Trends for Transactional Lawyers Part 1

Merger and acquisition lawyers could stand to benefit from opportunities brought about by the consolidation of an increasingly cluttered on-demand economy if 3 predictions from Clifford Chance Lawyers come to fruition throughout 2016.

What is the On-Demand Economy?

The term ‘on-demand economy’, refers to the economic activity generated by technology firms to fulfil the labour and/or service demands of customers, matching clients with independent contractors in real-time.

The On-Demand Economy Caters to Many Demands:

The on-demand economy includes businesses which offer:

3 On-Demand Economy Trend Predictions for 2016 from Clifford Chance Law Firm

Here’s 3 on-demand economy trend predictions transactional lawyers should look out for as we head further into 2016 courtesy of Sydney, Australia situated, Clifford Chance law firm partner Lance Sacks and senior associate Jerrem Ng.

According to Clifford Chance’s Sydney Legal Experts

1. Consolidation will Ramp Up in the On-Demand Economy Space This Year

Bigger, stronger and smarter competitors who offer similar services, or labour will be the real winners as they’ll be sought after by new entrants looking to consolidate. Firms struggling to compete will be eyeing these better positioned companies as well, wishing to survive through consolidation as they come to the realisation they cannot offer a unique value proposition in such an over-crowded space.

“Businesses with vastly superior services have a greater chance of being sustainable. However, those which provide just marginal improvements to what is in the market will end up having to raise capital, or consolidate with competitors offering similar services,” explained Jerrem Ng.

For Predictions 2 and 3…

Check out 2016 On-Demand Economy Trends for Transactional Lawyers Part 2

This article was originally published on LawJobs.com.au