Legal Business

A crisis in law but not the one many claim


Akin Gump restructuring veteran James Roome argues those seeing a threat to the legal industry have mis-read the markets

Ever since the start of the financial crisis you haven’t had to look very far to find expert opinion pieces predicting the end of growth for law firms. The observer will tell you that this is because of the commoditisation of transactional services, the pressure of client expectations of price, staffing and delivery, new entrants in the market, cyclical downturns in the economy, challenging career paths, anti-social hours and so on.