The Next Wave of Competition for Small Firm Lawyers

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There has been much speculation, but no hard evidence, that the drumbeat of stories about lawyer and staff terminations means at least some of the newly-terminated lawyers will find the prospect of having their own firm attractive. Nearly 90 percent of the 1.1 million U.S. lawyers are either solo practitioners or in small firms, so the competition will intensify if laid-off big firm lawyers open their own firms. The question is, how much more competition will there be?

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ed Poll, LawBiz | Attorney Advertising

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