How Do We Perfect the Legal Market?

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Chris DeConti, Executive Vice President, Global Solutions, at Axiom, the leading alternative legal services provider, offers insights into the changing structure of legal services for Lawyer Monthly, and what emerging trends will create a more perfect future for the legal sphere and its clients. In economics, a perfect market is one with transparency and perfect information flows, where knowledge is freely available to all participants. As a result, the market will come to an optimal balance of supply and demand, with production distributed to each market participant on the basis of comparative advantage. In a perfect market, the market relentlessly self-corrects to weed out inefficiencies o...

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