Results Are In: Law Firms Still Plagued by Financial Pressures

For the past week, a poll on this website asked readers about the “biggest change” the legal profession has faced in the past five years. The results paint a picture of an industry evolving on multiple fronts.

What’s surprising is how close the poll results were: Nearly a third of the 160 readers who voted said financial pressures were the biggest change. The increase in lateral activity and the competition from international firms each drew 23 percent of the votes. About 19 percent said sector experience has grown more important.

Less than four percent said emerging markets have grown more important.

Douglas Wood, managing partner ...