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 ABA Journal reports that the legal services sector gained 4,500 jobs in January, with total employment surpassing the previous 1...
The American Lawyer published results from its annual Midlevel Associates Survey, finding that “third-, fourth- and fifth...
As law firm billing rates are rapidly increasing overall, a new study shows that firms that raised their rates more slowly are start...