Sentences with phrase «traditional market for legal services»

The rub is that we'll have to do it in the context of a traditional market for legal services that is not just tightening but also evolving rapidly.

Not exact matches

Enrico Schaefer at The Greatest American Lawyer suggests the shrinking BigLaw sector may not be a bad thing at a macro level since it will provide an opportunity for foundational change in the market for legal services as new legal service models (e.g., alternative billing) start competing with the traditional approaches (e.g., billable hour), and clients start to have real choices.

Look, globalization information technology and what I often call the kind of blurring together of traditional categories like law versus business, or global versus local, or public versus private, these three things are reshaping everything about our world and as lawyers of course we should think they're going to reframe us about what it means to be a lawyer, the market for legal services, how we connect with our clients, the kinds of things that we do and how we do them.

There are a multitude of reasons that this is a bad strategy when you consider the overall market for legal services and the dwindling market share of traditional law firms.

The CLOC survey confirms that: (1) it is changing; (2) legal buyers — especially the largest ones — are signaling that «it's safe to use service providers, even for more complex work»; (3) that means that a tipping point has been reached where sourcing to «alternative providers» becomes the norm — not an «alternative» (necessitating new nomenclature for service providers); and (4) traditional law firm market share, already showing signs of softening, is projected to erode further.

However, the paper also suggests that there are reasons to believe that non-lawyer ownership will not lead to significant access gains because (i) those in need of civil legal services often have few resources and, for them, legal aid is the answer, (ii) non-lawyer ownership is likely to be attracted to profitable sectors of the market, (iii) some legal services require the individualized attention of an experienced practitioner who charges high rates and the traditional worker owned partnership model may be the better approach in this context and (iv) there may be reasons other than price causing people not to address civil legal needs.

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