Sixty seven per cent of Australian law firms believe that multi-disciplinary (MDP) mergers may be the way forward.
The research by InfoTrack and Chilli IQ also revealed that one in four firms had lost business to non-law firms.
The results are interesting for the UK market too considering the recent announcement of Eversheds, RPC and Bird & Bird's non-law consultancy offerings. Will we start seeing MDP mergers in the future?
Nearly two-thirds of Australian law firms believe that mergers with non-law firms should be considered as a way forward - partly because the majority of them are concerned at the way the non-legal sector is moving into the law.