One of the primary themes of this blog is how the proliferation of legal service providers will challenge the viability of solo and small firm practices. I discussed the UK’s Legal Services Act (LSA) and it’s authorization of Alternative Business Structures (ABS) that would permit private investment in law firms. Law firms will be infused with private capital, creating partnerships between the legal and financial marketplaces. But that was the UK, and yes, there is that thing called globalization, but what were the odds of this thing called the “legal services industry” (not yet defined in wikipedia) seriously challenging US law practice structure? No big deal.
Except it is.
Fast forward to August 2011, and where are we? The legal...





