Of Law Firms and Technological Unemployment

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Changing Jobs is on the Rise

A fellow blogger, Mimi Donaldson, recently cited an interesting statistic. With the national unemployment rate at 9% it's hard to believe that anyone is willingly changing jobs. However, a recent survey finds that a whopping 84% of employees are planning on searching for a new job in 2012. This sounds like the traditional tension between the irresistible force and the immovable object. If there are few or no jobs to go to, job hopping becomes a bit difficult. Law Firms Face Technological Unemployment

This certainly includes the legal profession, and for a very distinct reason.

This is the first business cycle where technology has had such a dramatic impact on law firms. Before, if recession meant reduced business, that business would recover as the economy did and firms could continue to grow both in size and in revenue per lawyer. Now, law firms are facing what other industries faced earlier ... technological unemployment. This is really the first time that so many lawyers have been laid off/fired from larger law firms ... and the impact on solos has not gone unnoticed.

Please see full article below for more information.

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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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