Why is the Demand for Legal Services Shifting?

Topics: Corporate Legal, Law Firms, Peer Monitor

GAO

Overall demand continues to grow—but the demand for large law firm services has largely flattened in recent years.

Why? A combination of emerging new competitors and changing client needs is causing clients to look elsewhere for their legal services.

The following infographic demonstrates the makeup of this new, evolving marketplace for legal services and looks at how firms can adapt to this increasingly fragmented, highly competitive legal landscape.

Legal Executive Institute has looked as the question in depth over the past few weeks, discussing shrinking law firm panels, vertical integration, and alternative service providers.

Demand

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Originally published in the premier issue of Forum magazine.

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