Not exact matches
She also said she thinks
demand for legal services has, and continues to,
shrink, and reflected on the changing environment
for women in the
legal field since she started practing law in the mid-1980s.
The problem we're facing is that certain law schools (Ottawa, Queen's, Bond University) are increasing the supply of would - be lawyers at a time when
demand for legal services is
shrinking (a point that was driven home last week by the implosion of Heenan Blaikie).
Since then, margins have
shrunk because expenses continue to rise, while revenue has flatlined or fallen thanks to reduced
demand for legal services.
Given the need
for more careful analysis before making new partners as a result of the lagging
demand for legal services and
shrinking profits, it is also timely to give thought to different classes of partners.
Corporate
demand for legal services continues to grow yet law firm share keeps
shrinking.
As Lee sees it, the biggest risk
for lawyers in 2018 is the
demand for legal services is not growing, it's
shrinking.