Life Science Law: Advocates for Change in the Legal Sector / LS Law

15th February 2022

The traditional legal services market is changing. Many factors are playing a part in this change, including technological advancements, the way in which companies most effectively operate and the fast-paced, ever-changing landscape of the life sciences and pharmaceutical sectors.

The historic business model of law firms and the traditional approach taken to providing growing businesses with support often doesn’t reflect the needs of the industry. What has remained a constant, is the importance of specialist legal and compliance advice from appropriate legal experts. This support needs to be structured and available immediately for the needs of the business, and yet flexible to meet changing demands and workload which can vary from month to month in many cases.

It has become evident that a more client aligned, agile service that can be both proactive and tailored to a client’s needs is very much the order of the present day. This has been reflected across companies of all sizes from investment-ready start-ups to global organisations, irrespective of the size or nature of the business. ‘Legal services’ as a service is the best fit to meet the needs of the business across the spectrum. Yet this hasn’t been truly reflected across the legal services sector in recent times.

Would it be seen as a disruptive move to offer legal expertise to support pharmaceutical and life science businesses from a global base of industry experts providing an appropriate level of advice and support on both short and long-term contracts? Or simply providing exactly what life sciences and pharmaceutical firms are crying out for? Having worked on both sides of the fence in the corporate world and also providing external services, I’ve witnessed that often the most effective, value-driven suppliers are born out of client demand.

Life Science Law’s Vision

The vision was to provide a second to none service that could be turned on and off or up and down as required. The job market and the skills gaps that are appearing across most companies’ legal organograms would benefit from such a model. We have seen a hike in clients wanting to ensure no areas of the business are exposed or without proper advice. The aforementioned model of agile, demand-lead legal support lends itself to remedying the resource challenge that many companies are facing.
In an industry where specialism is paramount and understanding the intricacies of the life sciences and pharmaceutical sector is essential to the role, offering tailored legal support from subject matter experts has to be the best way.

The Legal Sector is Demanding New Ways of Working

Life Science Law launched based on client demand. The demand for a network built by lawyers for lawyers within the life science and pharmaceutical sector to help them build the best teams possible. Looking from the inside out, we are proud to offer the services of leading experts.

The way in which our team works is somewhat different to the traditional approach of taking seats in a large London office. Yes, we do have London-based premises as we wholeheartedly see the need and value of meeting in person when required, but due to the globally dispersed locations of our clients and the team, working remotely often provides the best possible fit and environment for all parties. Right at a time when we are being urged to go back into the office, our team is simply working where it’s deemed to be most effective for all parties, not where we’ve simply always worked. This all just seems to make sense and conducive to the best possible collaboration.

We’ve torn up the rulebook and started with a clean slate on how to do things based on what the client needs within the new working world. We’ve certainly got our ear to the ground and are proud to be advocates of change for the better!

To find out how Life Science Law can help your business, our Founder Wendy offers 30-minute consultations – with no obligation to instruct and no costs. Wendy will assess your business needs, identify potential legal issues, and tailor a bespoke plan for you. Email wendylg@lslaw.co.uk or click here

Blogs

Life Science Law: Advocates for Change in the Legal Sector

Life Science Law’s Vision

The Legal Sector is Demanding New Ways of Working