TBA Law Blog


Posted by: Stacey Shrader Joslin on Jan 10, 2020

The 2020 Report on the State of the Legal Market was released this week by Georgetown Law’s Center on Ethics and the Legal Profession and Thomson Reuters Legal Executive Institute, the ABA Journal reports. The report concludes that “revolutionary changes are afoot” in the legal services market and if law firms fail to take account of these changes, their future financial performance likely would be affected. Changes identified by the report include firms increasingly using nonlegal professionals for expertise on topics such as pricing, project management and technology; turning to alternative legal services providers for e-discovery, research, litigation support and document review; and investing in and using technology to improve legal work processes. The way clients interact with their legal counsel also is changing, the report says, with clients driving service providers to be more collaborative, adopt integrated technology platforms and deliver value-based pricing.