Jordan Furlong has an interesting look at the current economic malaise in the legal industry. He’s convinced the downturn is part of a “regeneration” of law,
People will always need lawyers, and lawyers will still be here to do what we do best: counsel, advise, advocate, analyze, facilitate and connect. The legal profession will be transformed, but if we do this right — and I know we can — the transformation will be a regeneration: stripping away the obsolete and counterproductive and elevating the best of what the law and lawyers hold at their heart: service to clients, the community, and the greater good.
I don’t know if that’s how things will turn out at the end of the day, but there is definitely something going on. Firms with over century of history suddenly going belly-up? Associates, not to mention non-lawyer staff getting cut by the hundreds at others? This isn’t just a downturn in the economy, this is something larger. I haven’t been in the legal world long enough to really know what it is, but I suspect we are seeing a change in the way many other industries work, as Jordan states in the post, I don’t see why the law should be any different.