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Information Technology and Commoditization Are Changing Law


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Initial post: Oct 29, 2007 6:04:05 AM PDT
Susskind correctly identifies the pressures on the status quo in the practice of law. He probably underestimates the inertia of large corporations that <a href="http://mikeyounglaw.com/wp/2007/03/07/are-large-law-firms-headed-for-extinction/">subsidize megafirm inefficiencies</a> by continuing to farm out work to them rather than looking for cost-efficient representation. At least in the short-term, the biggest effect will be felt by small- and medium-size firm attorneys who fail to carve out niches. The jacks-of-all-trades will get eaten alive by part-time stay-at-home lawyers who will work for peanuts just to have something to do for supplemental income. Ultimately, however, megafirms will face similar economic realities. To survive, some will consolidate. Others will disappear into oblivion with their oil paintings of partner potentates sold on eBay as collectibles of the "good old days."
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Initial post:  Oct 29, 2007
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The End of Lawyers?: Rethinking the Nature of Legal Services
The End of Lawyers?: Rethinking the Nature of Legal Services by Richard E. Susskind (Hardcover - January 15, 2009)
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