A quick think back to some of the characters memorialized on TV’s hit show “L.A. Law”—Arnie Beck, Grace Van Owen, Michael Kuzak—may help highlight just how much the legal profession has changed in the past three decades.

During its primetime slot from 1986 to 1994, “L.A. Law” depicted stylish attorneys feting wealthy clients and living lavishly. Does this portrayal of attorneys still ring true today? In our opinion, the practice of law, and the financial challenges faced by firms large and small, has changed dramatically since the day Rosalind Shays plunged to her death down an empty elevator shaft.

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