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.
The American Lawyer recently published results from its annual Am Law rankings, the Am Law 200 report, noting that for the first tim...
2020 treated law firms well, as the surge in COVID-19 related work led to record profits at many of the nation’s largest law f...
The American Lawyer reports that recent data released by Working Mother Media reveals that the legal industry is showing p...