Flat Demand For Attys Stumps BigLaw, But Inspires Others
Law360, San Diego (December 5, 2013, 10:32 PM EST) -- While flat demand for outside lawyers has behemoth law firms struggling to change their business models, upstart boutiques and non-law-firm service providers are tailoring legal advice and leveraging technology to reinvent how services are delivered to clients, chipping away at work traditionally done by BigLaw in the process, experts say.
Large firms have been built on an established model of hiking up their hourly rates annually, while increasing the number of attorneys on projects and the number of hours they work, but that approach has become harder to maintain in a market where demand for sophisticated legal services is not increasing...
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