The times, they are a’changin’. For everyone, but for the legal industry in particular. With the slow and painful demise of Dewey & LeBoeuf, and a warning that more law firms may be heading the same way, perhaps it’s not surprising to hear that firm leaders see permanent change to the industry on the horizon.
Legal consulting firm Altman Weil released its fourth annual “Law Firms in Transition Survey” on Wednesday, which revealed that since the survey’s inception in 2009 there has been a major shift in attitude among managing partners and chairs at 792 large U.S. law firms. Trends that were largely seen as temporary in 2009 are now viewed as becoming part of the job for good. Here are some of the key findings from the survey: