Follow Us Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Law Department Management Law Firm Financials Law Firm Management Law Firm Marketing and Business Development

Small Law, Big Changes: The Coming Disruption in the Legal Industry

The billable hour is still profitable from a transactional perspective, but from a strategic perspective, in today’s economy, that profitability has begun to erode. That’s because our economy has fundamentally transformed into a service economy that is based on leverage and scale.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The legal industry has a gigantic problem. A tidal wave in the supply of lawyers is outstripping demand for legal services. At the same time, as many as 50% to 80% of the need for legal services across the general population goes unmet, largely because those services are unaffordable. Access to justice is under threat, even as law schools continue to churn out more than 30,000 lawyers per year and underemployment in the industry is nearly epidemic. This state of affairs serves neither lawyers nor consumers of legal services.

To continue reading,
become a free ALM digital reader

Benefits include:

*May exclude premium content

Read These Next