On the heels of the Citibank report, Georgetown and Peer Monitor have published the report posted below on the outlook for the market for legal services. ("Thomson Reuters Peer Monitor data ("Peer Monitor data") are based on reported results from 130 law firms, including 50 AmLaw 100 firms, 45 Am Law 2nd 100 firms, and 35 additional firms.")
My first impression of this report is that its focus is on how law firms, and particularly large law firms, can most effectively profit from the same big business clients. There appears to be no concern at all with how the legal profession can best serve the needs of the public at large, with particular reference to middle- and lower-class clients.
In short, it looks as if they're burning the wrong ships.
Posted by: Monroe Freedman | February 02, 2013 at 09:28 AM