Each week, the Law.com Barometer newsletter, powered by the ALM Global Newsroom and Legalweek, brings you the trends, disruptions, and shifts our reporters and editors are tracking through coverage spanning every beat and region across the ALM Global Newsroom. The micro-topic coverage will not only help you navigate the changing legal landscape but also prepare you to discuss these shifts with thousands of legal leaders at Legalweek 2023, taking place March 20-23, 2023 in New York City. Registration is now open. Secure your ticket today.
The Shift: The Work Considered Worth “Fleeing to Quality” For Is Shrinking
While the phrase “flight to quality” unfairly suggests providers outside the Am Law 50 or 100 aren’t top notch, the willingness to seek out the counsel and the pay the rates of those high-end law firms was in full effect during the pandemic. Companies had more issues that warranted a price-insensitive approach to legal advice and they wanted the best brands to help guide them on these unprecedented, existential crises.
