Law Practice
May 22, 2018
Law firms losing clients to competition, technology, survey says
Law firms are increasingly losing business as technological advances and nontraditional competitors continue to woo clients hungry for greater value at lower prices, according to a national survey released Monday.
Law firms are increasingly losing business as technological advances and nontraditional competitors continue to woo clients hungry for greater value at lower prices, according to a national survey released Monday.
Of the 398 firms that responded to Altman Weil Inc.’s “Law Firms in Transition” survey, 70 percent reported losing business to corporate in-house lawyers, and 26 percent said they’d lost business because technology reduced...
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