New Zealand law firms face challenges similar to major US and UK law firms, but a new study shows that unless they adapt, lawyers may be going the way of the Dinosaur – or Eastman Kodak at least.
The study, from Georgetown University Law Center says the industry is failing to make the necessary “bold, proactive changes” necessary and are failing to overcome the resistance to change necessary to thrive.
The report follows other reports made by Georgetown, such as last year’s, which looked at the law industry’s changing dynamics that have been occurring since 2008.
Ignoring auto industry failures, they point to Eastman Kodak instead, a company that steadfastly refused to face major changes in their industry.
We have reported on these and other changes occurring in New Zealand before, but the warnings are made with some resonance in the US industry in particular. Read more at LawFuel here.
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