PI lawyers are walking against the winds of change these days, and the forecast is… well… blustery. Evolving trends within the market — and even outside of it — cast real doubt about the long-term viability of heretofore-lucrative litigation platforms. Take, for instance, auto accidents and medical malpractice claims, which are still the biggest boon to PI but are setting course for shifting sands.
If the number of lawyers were shrinking, the outlook might not be so worrisome. But the field remains as crowded as ever. That sets the stage for a central conflict in the future of U.S. personal injury litigation: an increasing supply of legal services versus a diminishing demand for those services.
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