The Recorder Highlights Lowell Milken Institute Report on Law Firms in L.A. Since 2008

A new report by Lowell Milken Institute on Business Law and Policy Faculty Director James Park about the state of large law firms in Los Angeles was the focus of an article in The Recorder. “I think that the market is recovered in many respects from 2008,” said James Park, faculty director at the Lowell Milken Institute. “In terms of the number of lawyers, the largest firms seem to be getting smaller for a number of reasons. One, firms are becoming more national. They might be allocating resources to offices in other cities. Secondly, the business of law has become more efficient as technology improves and there is greater pressure to reduce legal costs.”