r6_philly wrote:BeachedBrit wrote:He's pretty close IMO. Mid-law will all get outsourced via the internet (could stay on-shore but will go at extremely low cost to people graduating from TTTT's or pseudo-paralegals.) All that will remain are your local criminal attorneys and maybe some local civil and then Biglaw because when you're talking billions of dollars in a M&A deal or Pharma patent what's a few million in legal fee's to have the absolute best.
Right community legal services will not go away. But most small-mid size firms that don't specialize just can't compete with the larger firms. Look at every other sectors, it's always consolidating. Biglaw is not going to go away because it directly caters to the finance and commerce centers. Think Walmart. Big or small, barely any mid.
so does this mean that the legal market will shrink, or that it will just become polarized? and if that means it will shrink, what does that mean in terms of choosing a law school (shoot for biglaw or take $$...) I'd appreciate your insights.
I'm freaking out, man (not really, but I just wanted to say that).