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Old 25-05-2022, 06:08 PM
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Originally Posted by Unregistered View Post
Basically 'eat what you kill' litigation is dying. It may not look like it now but the pie is being reduced greatly.

There will still be SCs and top B4 teams monopolizing bet-the-company litigation but for the mid tier and run-of-the-mill litigators, good luck.

This area of practice is only going to be viable if you're a litigator servicing a particular industry with a steady stream of mandates from industry clients, such as insolvency, shipping, insurance, debt recovery and occasional defense of banks. But these are hardly the best paying matters due to institutional client cost-consciousness.
I'm the person you quoted and I concur with your post absolutely. The pie is already shrinking in late 2000s and with the judiciary introducing measures that essentially remove lawyers from the disputes, there will be many casualties in the coming years. I am guessing the first few to go will be you "specialist" family law firms that rely on volume (at the expense of billing lower fees). Future divorcing millennials will be savvy enough to Google all the court procedures that are easily available on the website and proceed on an uncontested basis to save costs.

Only criminal litigation will still be "alive" because most Accuseds will prefer a lawyer to defend them, rather than defend themselves as they may be intimidated by adversarial criminal proceedings.

That said, I think corporate is looking bleak too with advancement of AI being intelligent enough to draft simple SPAs, STAs, etc. Oh well, boomers and Gen X practitioners have already taken generous chunks of the pie and only the crumbs are left for millennial and zoomer practitioners.
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