America’s Legal Bubble Is About To Pop – Now What?

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Economies are governed by the simple principal of supply and demand.   Currently there is an overwhelming supply of attorneys in the marketplace.

The demand for litigation is still there as well, however the big dollar personal injury cases primarily go to the big lawyer mills like Cozen O’Connor, Morgan & Morgan, and Blank Rome….

For local issues, people turn to the “power movers” in the local town that support the judges during their campaigns thus yield political influence.

As for the rest of the hundreds of thousands of starving attorneys out there…they’re getting creative on their rates and pushing the price down naturally in the market.   Lots aren’t making the cut and are switching careers to activities that are more productive to society like writing good stories for $20 a pop…now there’s definitely value in that!