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Big bang in the legal profession “Tesco Law”

The connection with legal services may not be immediately clear. But in the past few years ‘Tesco law’ has become a slang term to sum up the potential consequences – either dreaded or eagerly hoped for, depending on your point of view – of the Legal Services Act 2007 (LSA). What does it all mean? Legal services which can be commoditised will be commoditised; wills, divorce, conveyances, trusts, Powers of Attorney. There will be a radical change to the way services are delivered with the introduction of innovative service packaging, pricing and delivery – giving the customer what they want, at a price they can afford and when they want it 24/7/365. New Players enter a £20 billion sector! These will include well known high street retailers such as Tesco and Sainsbury who already sell financial and insurance services and they will be joined by others such as the AA, RAC. It will also lead to the development of branded legal firms and a new business entity that will allow one stop shopping as other professional services businesses are allow to merge or acquire legal firms. What is the impact on existing legal practices? A recent Which survey estimates that “75% of consumers would buy legal services from banks/ supermarkets” and it has been estimated that impact of the LSA will lead to more than 30% of law firms will go out of business. So the answer is its going to be dramatic! Survival of the fittest! The key too is to embrace change and be innovative, otherwise you become a dinosaur and we know what happened to them! Given we have worked for a number of legal practices it will be challenge for many to adjust to the radically new environment. New Mindset Business Consultants helps companies to improve their sales, marketing, commercial and operations, working with companies in many different sectors. If you would like an informal discussion about how we can help your business either call 01276 537 282 or email andy.hamer@nmsbusinessconsultants.com. If you want more information on our services and the team visit www.nmsbusinessconsultants.com

In this section: Seminar for Senior Executives and Managers Business Plans taking on more importance in tough times Big bang in the legal profession “Tesco Law” Ticking boxes and wasting valuable resources Some PC World staff are *ankers Government funding a sales person for businesses The green shoots of recovery High quality writing skills in short supply Occupational heat stress in the workplace SpinVox launches 12 countries with Telefonica BAcking Britain initiative Sage Partners with LinkedIn More taxes, less services, thank you Europe Business led focus needed by SEEDA Government to hike business taxes on local firms Businesses for sale in Berkshire Share your staff with Staffshare Christmas clearance sale starts 6pm today! Sustainability Masterclass - Sustainable Futures Group Yell let their people do the walking Small Business Survival Package Government help small businesses Business & Enterprise Committee want YOUR comments Business planning – How companies achieve business plans People in business – a hindrance or help? The Queen’s Award for Enterprise Health and Safety at Work No such thing as a free lunch UK’s leading pension and employee benefits service Businesses need 21st Century transport UK firms at risk from IT security Offer bilingual employees incentives Reading MP rubs shoulders with Microsoft giant Telcoms Regulator under pressure New Year Resolutions Working on Christmas Eve TNT sets the bar for environmental performance Businesses to be 'blown away' with system BT invests in British sailing Solution 'matches company desires' New security device announced Are Small Firms Making the Most of the Internet? Postal Strike Impacts Small Businesses Entrepreneurs Prefer ‘University of Life’ The Entrepreneur Challenge Mobile giant sees more subscribers Self-Employed Percentage Drops Security acquisition may boost firms Heavy investment made into Berkshire firm

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Jon Davey is a Social Media Director based in Windsor, Berkshire UK. These short videos aim to both educate those interested on how to boost their social media profile, both online and offline, while at the same time helping Jon's own profile by being indexed rapidly by the search engines and YouTube. Social Media is made up of two words ... social & ... you've got it media ! This means that it is not just about online marketing, offline is key as well. Your goal should perhaps be to recognised online by your industry and locally offline. Please review one or two of the videos below, score them on You Tube and add your comments ... it all helps ... they are in reverse order of popularity when last checked inorder to help the lesser clicked!! Thank you and enjoy ...

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