Global Law Firm - BOM/Capabilities
It is essential for those charged with the support, management and delivery of technology capabilities for an organisation to be fully conversant with its Business Operating Model (BOM). BOMs, as one would expect, are not standard across industries. They evolve when the organisation transitions and develops as is the case in dynamic service-based industries, such as professional services, where organisations are constantly looking to repeat and generate new revenue streams. The current state of BOMs for professional service firms, although dynamic in nature, do exhibit mutual patterns across industries and using the global law firm example we highlight how capabilities across these firms are quite common . Law firms that have a global footprint can serve large global organisations that require advisory and legal services across multiple jurisdictions. The Business Operating Model (BOM) for the majority of the global law firms is quite unique, primarily due to specia...