BigLaw's Struggle To Profit Is Here To Stay, Survey Says

Law360, Chicago (May 19, 2016, 9:59 PM EDT) -- Many of the market forces eating into law firm revenues are here to stay, including greater price competition, more commoditized legal work, corporate legal insourcing and decreased client demand, according to a survey of firm managing partners and chairs.

The findings came in Altman Weil’s 2016 Law Firms in Transition report, released Wednesday.

“We've been seeing some of the things at the top of the list of years now. A very strong majority of law firm leaders believe that those are permanent trends, and I have...
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