Link: Strategic Legal Technology :: Investing in Law Firms - Right Now [Interview of Lyceum Capital]. Foreign investments in law firms will drive the transformation of legal industries abroad because it will allow well capitalized firms to make the necessary "transformative" investments. Anytime that you see sophisticated investors pumping money into an an industry that is a sign that they see opportunity.
What impact will this have on the U.S. legal industry? Who knows, but likely competitive pressure from global firms will force a change, even if we never see this kind of legislation here. The legal industry will be forced to become more effective and more efficient. There will simply be no place to run and hide.
Change or die, coming soon to a theater near you.
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