Porters Five Forces – Threat of Substitutes
June 15, 2015 | Published by Big Law Business
I’ve been exploring the relevance of Porter’s Five Forces in recent blog posts. One of those forces – Threat of Substitutes – has the potential to be a disruptor for the legal industry. While professional rules have protected the legal industry from many competitive forces, that is starting to change. Substitutes have the potential to reduce demand and prices for traditional law firm services.