Yesterday LexisNexis broadcast its latest newsletter. It contained a link to its online "White Paper". That was literally its title, and it's a clue to its quality of thought.
That's a little unfair. The topic is a difficult one, and kudos to LexisNexis for revisting it.
The newsletter said the White Paper addresses this question: "Is the GFC a catalyst for change in the legal sector?" GFC stands for global financial crisis.
As much as that question is somewhat short-sighted, it is probably true. That is to say, the GFC is a catalyst for change in the operations of law firms in places like Sydney, New York and London.