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.
Law firms had their best revenue growth in the first half of the year since the recession, with 5.5 percent growth in the first six ...
Today’s law firms are hiring more remote associates as the technology for remote work continues to improve and the shut-downs due to...
The frenzy of mergers between IP boutiques and national full-service firms shows no signs of abatement, The American Lawyer reports....