Small is the New Biglaw: Some Thoughts on Technology, Economics, and the Practice of Law
These are not happy times for either the practice or the teaching of law. On the practice side, law firms are folding and laying off lawyers in unprecedented numbers, while on the teaching side, many of us wonder whether the current model of legal education is adequate to the twentyfirst century. And there is reason for concern on both fronts. In this Idea, I will look at some general changes in technology and economics over the past few years—changes that have to a significant degree undermined the position of large, integrated concerns dealing in information and information-related services. I will then discuss how these changes relate to the legal profession, and in particular the largefirm sector, and what that means for legal education and for those pursuing a career in the law.