State of the Legal Industry

Recently, I noticed an EXPLOSION of interest in my post from last year on the state of the legal industry, where we talked about relaxing because the industry was familiar with contractions. This is still true, but the word for this year is ADAPTATION.

I’m just gonna say it now, if you’ve been here a while, you already know that I’ve said this before. Back in August of 2016, we starting talking about how the law firm of the future was going to need to be flexible – what did I mean by that? Continue Reading State of the Legal Industry: the Key Word is “Adaptation”

On January 10th, the Center on Ethics and the Legal Profession at Georgetown Law and the Thomson Reuters Institute released their 2023 Report on the State of the Legal Market, which seems more relevant than ever as we go into a year of uncertainty. The report confirms this (and I’ll delve into a few specific points), but overall, I’d like to remind readers that we’ve been here before – contractions in the legal industry are nothing new. The good news is that hopefully, firms have learned the lessons of 2008/2009 and haven’t forgotten them. Will there be some casualties? Yes, but that’s the nature of business. And make no mistake – the law is still a business. Continue Reading State of the Legal Industry: No Need to Panic – We’ve Been Here Before