A new report from Georgetown University Law Center and Peer Monitor warns that unless law firms re-examine their traditional business models and embrace change in how legal services are delivered, they will not be able to successfully adjust to the significant outside forces that are reordering the industry. The “2014 Report on the State of the Legal Market” highlights recent trends in the legal market, as well as factors that will likely impact the market in 2014 and beyond.

James W. Jones, senior fellow at the Georgetown Law Center for the Study of the Legal Profession, and lead author of the report, argues that the recent trends towards law firm mergers and the rise of the global law firm, are not necessarily the answer, and may sometimes be counter-productive. Listen to the podcast by clicking below.