The disruption of the pandemic appears to be lifting, giving the world a chance to take a step back and ask itself, “What just happened?” In legal, the data is in, and it shows that 16 percent of relationships between corporate law departments and their outside firms were put on “hold” for the entire year of 2020 – not a single invoice for services changed hands. Ninety percent of corporate law departments reduced their number of active outside relationships, and no segment of the law firm market was spared. From the largest, most prestigious Am Law firms right down to the offices of solo practitioners, every group tended to see a significant number of relationships get put on hold.
Will those relationships come back? It is too early to tell, but early data on the legal industry’s approach to technology suggests the industry is open to a major reevaluation of how it does business.
In this webinar, panelists will present a deep dive into the data around law firm relationships from the recently published LegalVIEW® Insights Report, Volume 1, based on data from the ELM Solutions’ LegalVIEW database. The discussion will include an analysis of the data for 2020, as well as what it means for the industry as it heads into a post-pandemic world.
April 15, 2021 at 2 p.m. ET: Register Now