Adapt or perish, firms warned

Australasian Lawyer

In this article, LOD CEO Ken Jagger notes the drop in top tier commercial firm partner numbers by around 25 percent on average since 2008, and their graduate intake is also decreasing each year.

This article also has Ken predicting new entrants to the market potentially struggling to maintain dominance, despite attempts at chasing different segments.

The full article can be viewed here.

“Some traditional law firms will become what we call now alternative legal service providers as well, so instead of the market share continuing to contract their traditional services, they are going to be forced to expand their services to maintain market share.”

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