Traditional law firms are in real danger of becoming extinct. The rising competitive pressures from Internet based providers of legal services, legal project outsourcing companies, ediscovery services and other forms of non traditional law firms are placing the traditional model of a law firm in mortal jeopardy. This is far from a vague Nostradamus prophecy. Rather thoughtful pundits, who have a remarkable record of perfect prescience have actually put an expiration date on the traditional law firm: Firms have a mere five years to make radical changes or risk extinction Thhe clock is ticking.
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