The standard law firm model that has been in effect for the better part of the last 20 years is becoming less viable and the way law firms are run is undergoing a subtle, yet significant change, driven largely by information.
The wealth of information that general counsel have access to, along with a zero-growth market for many firms, aging leadership and increased competition from things like legal outsource providers, is creating an environment where many law firms will have to dramatically change if they want to survive.
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