The legal industry is at a watershed moment.
The profession lost 3,100 jobs between November 2010 and November 2011, according to a report released by the Bureau of Labor Statistics. Meanwhile, The American Lawyer‘s ninth annual survey of law firm leaders found that Am Law 200 firms continue to experience ongoing billing pressures, performance challenges and economic uncertainty. More than 81 percent of survey respondents said they’re seeing an increase in client requests for discounts, and 92 percent said they had experimented with flat fees in 2011.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
