Unless there are major changes in law firm culture and leadership to develop new business models addressing its clients’ need to reduce legal budgets as a response to tough market conditions, many firms will not survive the new legal economy.
Here is the link to Bloomberg Law Report: http://www.intlbusinessdevelopment.com/2012/09/08/bloomberg-law-firms-need-to-get-lean-to-survive/
Read my blog article entitled, COMMODITIZATION OF LAW CLERK SERVICES for one way to offer low-cost legal services.
Share your ideas and comments.