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New Industry Trends Not Translating To Action, Survey Says

Law360, New York (May 14, 2014, 9:30 PM EDT) -- The lessons for BigLaw of recent years about tougher competition, commoditization of legal work and billing trends are sinking in for nearly all managers, but firms are failing to be the drivers of radical change, according to a survey released Wednesday.

The results of legal industry consultant firm Altman Weil Inc.’s annual "Law Firms in Transition" survey showed the vast majority of managing partners agreeing that greater price competition, pressure from nontraditional legal service providers and the shift toward nonhourly billing, among other game-changers, are now permanent...
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