A recent post at the ABA Journal indicates that Chief Legal Officers are not buying into talk of a “new legal model”:
The CLOs were asked to give firms a score ranging from a low of 0 to a high of 10 to indicate how serious they think they are about changing their legal models, according to an Altman Weil press release summarizing the June survey findings. Only 5 percent gave firms a score between 8 and 10, indicating the CLOs believe the firms are serious about change. Twenty percent gave firms middle scores of 5, 6 or 7. Another 75 percent gave law firms a rating between zero and 4, indicating the CLOs believe the firms have little or no interest in change.