Ken Parker in the Orange County Business Journal: Q&A - Law Firms

01/21/2014


The legal industry is in constant flux due to changing laws and shifting trends in the business of running law firms and in educating lawyers. The Business Journal’s Jane Yu asked local attorneys what surprises they expect in the industry this year. Here are the edited versions of their answers.

Kenneth Parker, Partner, Haynes and Boone, LLP, Dallas, Texas
As a longtime Orange County resident and partner in a growing office of a national firm, I am often asked by my New York, Washington, D.C., and Texas partners what things look like for Southern California. The general consensus among the ‘advisers’ appears to be that the legal industry revenues in 2014 will be flat over 2013. I disagree. The biggest surprise in 2014 will be that the need for legal services will explode, particularly in Orange County.

The Orange County economy and the industries that drive it—real estate, high tech and high-tech services, and healthcare—will do great this year. That will create a surprising amount of positive growth in the legal industry here.

Excerpted from the Orange County Business Journal, January 21, 2014. To view full article, click here (subscription required).

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