LAW FIRM TRANSITIONS
I have had the misfortunate of being part of the collapse and dissolution of a 100 year old law firm, one that had a wonderful history, but had outlived its usefulness and its ability to survive in our changing economy. It did not streamline its staff fast enough, did not amend its compensation schedule in time to survive. What I see now is how the practice of law is changing and must changing to continue in this 21st century. Like most brick and mortar stores, these firms must change or die. During the process of opening my own office, a virtual office for now, I notice how easy and inexpensive it is to run a business in this modern era of computers, and internet, Efax, virtual telephone numbers and even Paypal. My husband and I play a game as we drive throughout our community, and when we travel in the US and the world, we discuss which businesses will survive, what businesses and services do we really need? So many that we don’t. Do we really need to drive to do certain things, can we order on the internet and have it delivered? Change or die, that is what businesses must do in this economy.
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