Why Fear of An Economic Downturn Will Spur Legal Marketplace Adoption

The Great Resignation. By now, you’ve probably heard the term everywhere. It sometimes goes by other names, including the Great Reshuffle, the Big Quit, or the Great Reset, to name a few. Whatever you call it, what does it really mean for the legal industry in general, and in-house legal departments in particular? 

The legal industry isn’t exempt from the phenomenon of employees leaving in record numbers. For law firms and corporate legal departments alike, the result has been vacancies that are taking too long to fill in the face of a workload that is as busy as ever, despite fewer resources to rely on.

In this white paper, we examine:

  • The impact of the Great Resignation and economic downturn on the legal industry
  • Trends that fuel the rise of alternatives to the traditional law firm model including ALSPs, staffing firms and marketplaces
  • The benefits of a legal marketplace for in-house departments

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