Stagnation in Legal Job Market Sign of New World Order in Legal Services
The ABA Journal reports that stagnation in law job creation began before the recession and is a consequence of a paradigm shift in the market for legal services. The driving force, of course, is dollars. Clients are starting to demand service be tailored to their needs, rather than one size fits all. They are also demanding better and different price structures, a trend that has led a lot of Big Law partners to jump ship or start their own shops. This is the other big factor, along with a glut of new law grads, that explains the new-lawyer surplus we examined in a post earlier this week.