Leaders of the legal profession believe hundreds of lawyers will be driven out of business as personal injury work starts to collapse, the newspaper said.
NSW Bar Association president Ian Harrison, SC, said barristers in his state were the first to feel the crunch, but lawyers across the country would also experience a drop-off in business.
“My prediction is, terrible as it is to speak this way, that about a quarter to a third of all members of the bar will disappear or substantially find that their practices are adversely affected within six to 18 months,” Mr Harrison told the newspaper.
Australian Plaintiff Lawyers Association president John Gordon agreed that personal injury legal work was in decline. “Anecdotally, viable claims by our members are down 70 per cent,” he told the paper