Demand For The Billable Hour Is Down
But the industry as a whole might be okay.
The past decade has been a period of stagnation in demand growth for law firm services.
— The conclusion of the 2017 Report on the State of the Legal Market, by The Center for the Study of the Legal Profession at Georgetown University Law Center and Thomson Reuters Legal Executive Institute. However, as Steve Kovalan of ALM Intelligence notes the report tracks demand of law firm billable hours, so the legal industry as a whole, specifically alternative service providers and those using alternative fee arrangements, might still be alright.
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