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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.

6 minute read June 01, 2020 at 12:05 AM
By
Rinky S. Parwani and Greg Garman
Small Law, Big Changes: The Coming Disruption in the Legal Industry

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.

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