Industry Analysts Review Challenges for Legal Profession

Attorney Lisa M. Nousek currently serves as a partner at Boies, Schiller & Flexner, LLP, in New York, where she focuses on civil litigation with an emphasis on product liability. Lisa M. Nousek also maintains membership in several legal organizations, including the American Bar Association (ABA).

At the recent ABA Annual Meeting in Boston, a panel of analysts discussed current challenges facing the legal industry. The forum, Chasing Change: Why Legal Practice Will Never Be the Same, and What It Means for You, postulated that only 15 percent of corporations and individuals use legal services, which will not be enough to sustain the legal market. According to the analysts, the legal profession must adjust to market trends, such as globalization and technology, while maintaining high ethical and professional standards.

The panel also suggested that the legal industry increase public access to legal representation. To support this recommendation, the analysts referenced data from a 2007 survey that found more than 80 percent of the respondents did not acquire a lawyer in a judiciable circumstance.