Sentences with phrase «law firm services shrunk»

In the aftermath of the global financial crisis in 2008, demand for law firm services shrunk by 5.1 % and has remained essentially flat ever since.

Not exact matches

According to ABA data, 82 law firm mergers were approved in 2014 alone, reflecting the larger trend of a shrinking legal services industry that eliminated 1,400 jobs in the first month of this year.

Meanwhile, these four types of damage caused by the problem are getting worse: (1) to the population in that there are many thousands of people whose lives have been damaged for lack of legal services; (2) to the courts in that they are being clogged, as judges have warned, by high percentages of self - represented litigants, because their cases move much more slowly than those that have lawyers; (3) to the legal profession in that it is shrinking and is predicted to have a very negative future of contracting and of law firms failing; and, (4) to legal aid organizations because it is politically very unwise for governments to fund them better with taxpayers» money, to enable them to provide free legal services to more poor people, while the majority of the taxpayers can not obtain legal services for themselves at reasonable cost.

Corporate demand for legal services continues to grow yet law firm share keeps shrinking.

What is being published about the consequences of the problem is very negative: （ 1 ） the legal profession is shrinking as will lawyers» incomes, along with the number of law firms; （ 2 ） young lawyers can forget about those secure jobs and partnerships, and instead become independent «agile lawyers» available to help law firms with peak period workloads, i.e. become poorly paid piece - work lawyers unable to develop a specialty or secure income; and, （ 3 ） the rich will have lawyers and the very poor will have free Legal Aid services, but the great majority in the middle, being the majority of taxpayers, will not have lawyers to help them.

They shrank the market, so law firms had to shake up the way they did business and figure out how to deliver the same quality of legal services at a more realistic price point.