Abstract: Here is the question legal academics have been asking for the last few years. Did the Global Financial Crisis (GFC) that began in the United States with the fall of Lehman Brothers in 2008, and eventually spread to slow growth in most of the worlds major economies – including here in Spain – herald a fundamental paradigm shift for the legal profession? Or are we just having the kind of correction that we have seen before as a result of past economic downturns, and that things will eventually return, roughly speaking, to the way that they were before the crash?