The Legal Market is undergoing a “Big Bang”. There will be more demand than ever but most services will be commoditised with the emphasis shifting more to cost effective technical access, research and delivery than traditional legal firms and (except for 20 or so yellow book firms) not from prestigious Ivory Towers in the City. Other delivery will be online retail by law companies working from cheap out of town premises with perhaps a token city centre presence, virtual law firms of people working from home and sole practitioners with a laptop to visit clients with, a home office and indemnity insurance. More on my Twitter Page @PhilipJTaylor1.
Those traditional law firms tied into long leases of largely redundant city centre office space will be lugging their millstones behind virtual firms unincumbered by that now greatly unnecessary infrastructure.