Thought leadership for the future of legal work

Law firm life has changed in the last two decades, and for a majority of attorneys, not for the better.

Professor Carter argues that bar exam requirements—and needlessly high passing rates, or “cut scores”–are anti-competitive.

Nearly 70% of economists believe the U.S. is headed for a recession in 2023, according to a recent survey.

Bloomberg reports that in the last week of December, 2021, over 40% of US workdays were worked from home, according to economists. Before the pandemic, that number was 5%.

In its annual survey of law firms, Wells Fargo’s Legal Specialty Group found that most firms reported increased revenue in 2021, with the top 50 firms reporting 16% growth on average.

The American Bar Association’s (ABA) Model Rule of Professional Conduct 5.4, adopted in most states, effectively prohibits investment in law firms by non-lawyers.