While many commentators believe that the current slowdown in legal hiring represents a potential ‘new normal,’ at least one observer argues that we’re on the precipice of boom times, driven in part by the rise of third-party litigation financing. As Bradley Borden of Brooklyn Law School notes in his recent article for The Huffington Post:
In short, TPLF will transform the legal profession…. The demand for legal services will inevitably turn to favor attorneys. When that happens, the lack of attorneys in the pipeline will create a substantial shortage of qualified attorneys. For law firms to meet the new demand for legal services, they will have to aggressively recruit… creating a market reversal of epic proportions.In fact, the legal services market, which has been a buyer’s market for the last several years, will quickly become a seller’s market.
For more, please find his article here.
After the demands of 2020, the 2021 year brings significant challenges to law firms as they decide how to move forward on the tail e...
Millennials make up the largest generational group among lawyers at large and midsize firms, according to a report released by ALM I...
Law.com reported that only 34% of lawyers in large firms today are women. That statistic has faced less than a 1% increase over the ...