Four reasons why the oft-predicted transformation of the legal industry post-2008 has not materialized
It is always easier to predict exciting revolutions, sturm und drang, a brave new world, such as in the relations between law departments and the law firms they retain. Seers get invited to conferences, enjoy their names in headlines, relish being quoted – and they might even, sometimes, be prescient. But after the failure of Lehman Brothers threw the U.S. economy into cardiac arrest, despite many forecasts of upheaval in the corporate legal industry, the following years didn’t witness heart-stopping change.
I invite your comments here or by email regarding Download 12-06-11 revolution petered out (Rees Morrison NLJ) in the National Law Journal, contrarian to its core. It leads with stable benchmarks and then offers four broad reasons why a much quieter period followed than had been trumpeted.