The U.S. Model «recognizes that
market forces, driven
by consumer preferences, are far better able to achieve our nation's energy, climate and economic goals than government mandates and regulatory
dictates.
As Alex Novarese of Legal Week is right to point out, overall revenue in the UK legal
market last year fell for the first time in living memory, but even if the overall size of the legal
market in the UK remains static or falls (a tussle between the opposing
forces of economic growth increasing demand on the one hand and business pressures to reduce fees and outsource on the other),
market dynamics
dictate that the revenue will be clustered differently, with the moderate - high fees currently enjoyed
by the mid-tier for mid-
market work under the most severe attack, the beneficiaries being niche firms and LPO providers.