Recent Trends in Legal Industry

Reality Sinks in: Attitudes Have Changed About the Post-Recession Marketplace
Posted Aug 1, 2012 12:20 AM CST

Back in spring 2009, few law firm leaders told the first Altman Weil Law Firms in Transition Survey that they believed several law practice challenges highlighted by the recession were permanent. But four years have made a huge difference.
The 2012 Law Firms in Transition Survey found a dramatic shift in attitudes, with 92 percent of respondents saying they believe that more price competition will be a permanent fixture of the post-recession legal marketplace. This is more than twice the 42 percent who thought so in 2009 when the survey was first conducted.

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