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
Priori Secures $15M to Fuel Growth
Despite economic uncertainty, Priori secured $15 million in funding in July of 2022. Priori will use the funds to meet the unprecedented in-house client demand for a global marketplace platform. Read More.
Legal Ecosystem and Successful Legal Teams
Priori Legal co-founders, Basha Rubin and Mirra Levitt, join Fringe Legal to discuss legal tech trends, and share their origin stories and experience of raising funds as women founders. Listen Now.
Priori Wins BLC Collaboration Award
Developing Priori’s innovative outside counsel management platform, Scout, required strong partnerships with beta users. Buying Legal Council (BLC) recently honored these efforts with its Collaboration award. Read More.