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2017 Altman Weil Survey: Law Firms In Transition

2017 Altman Weil Survey: Law Firms In Transition

Managing Partners and Chairs at 386 US law firms with 50 or more lawyers participated in this survey, including 50% of the AmLaw 200. Key insights include:

“In 2017, there are few law firm leaders who would dispute the permanency of more price competition, a need for greater efficiency, an influx of new kinds of competitors, and the inexorable force of technology innovation.”

(p. i).

“Nintey-four percent of respondents in this year’s survey said that a focus on improved practice efficiency will be a permanent trend going forward. But only 49% of law firms said that they have significantly changed their approach to the efficiency of legal service delivery. This represents a frightening disconnect.”

(p. iv).

The Altman Weil survey can be downloaded here: