A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post.
The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an emerging model of new staffing, pricing and legal service delivery firms. The concluding sentiment was that BigLaw was doomed to fail spectacularly in the near future, and the NewLaw concept would emerge from the ashes, forging a new, gilded age of legal service delivery.
The truth is, BigLaw has yet to collapse. Instead, the industry has entered a somewhat uneasy state in which BigLaw and NewLaw compete for the same work, and in some cases, even collaborate.
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