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 announcement of the $2,000 per hour lawyer and the first-year associate starting salaries rising to $180,000 has stirred up a la...
Legal industry professionals say prospects for their future legal business look bright, but cite pricing pressures and cybersecurity...
The American Lawyer reports that there’s plenty to look forward to in 2018, according to partners at two of the largest Am Law 100 f...