The legal profession continues to contend with everything from a supposed excess supply of lawyers to fee pressures and collections. Both large law firms and small law firms are experiencing change. Will they survive as we see them today?
There are many challenges facing lawyers today. In the Big Law environment, succession planning is certainly uppermost in the minds of many current managing partners. Also, a shrinking pie versus the misallocation between supply and demand of lawyers has to be of concern. While the legal market is huge, a big portion of that marketplace is being served by nontraditional suppliers of legal services. Just look at LegalZoom and its ilk.
