Law Firms Are Responding to Market Pressure With Increased Efforts to Innovate
Law firms across the country are taking steps to innovate the way they organize themselves and serve their clients. This trend promises to be more than a passing fancy because it is driven by demands from corporate clients , as well as increasing competition from new entrants in the legal services market.
This development matters beyond the interests of the law firms. In many ways, law firms, particularly the most prominent ones, set the standards for legal services. They establish benchmarks for legal representation. And otherwise have an outsized impact on the pace of modernization in law.
The pressure they feel, and the response they make, has the potential to accelerate the pace of modernization of legal services.
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