A recent LexisNexis survey found that over 50 percent of private practitioners believe the recession will permanently change how we practice law. And, to an extent, it already has.
Just a few years ago, in 2006 to be exact, our profession was thriving due to what turned out to be a false boom. Businesses were taking off, real estate values were rising, associate salaries were skyrocketing and hourly billing rates reached four digits. Wrapped up in the daily bustle of our practices, we were unaware of the looming instability in the legal market and unprepared for the fallout to come.
