November 16, 2017 Articles

Legal Field Growth Is Rooted in Lateral Recruitment

By Timothy Lynch

Will Rogers once said, "Even if you are on the right track, you'll get run over if you just sit there." He was not talking about the legal industry, but his humorous quip is something that law firm leaders should be mindful of when they are developing their strategic plans because most industry analysts agree that the demand for legal services as a whole, which has been flat for several years, does not appear to be improving anytime soon. In fact, the Thomson Reuters Peer Monitor Index (PMI) found that the demand for legal services was ­negative in the latter part of 2016. This means that most firms (and lawyers) are finding it hard to grow ­organically.

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