Profit-per-partner (PPP) and revenue remain high at law firms, so how can they be on the way out? This migration from firms has created a growing delta between increased demand for legal services and a flat demand for law firms. Excepting 20 or so elite, brand-differentiated firms that handle high-value, price-insensitive matters, law firms are confronting two systemic issues: (1) delivery; and (2) structure. A closer look at each helps to explain the plight of most law firms and the reason why their sustainability is in question. That’s why so much work has migrated from law firms to in-house departments and service providers.

Source: Forbes June 12, 2017 09:37 UTC