One thing to keep in mind is that the demand of services is fairly elastic. If the cost of legal services go down dramatically the demand will go up quite a bit

One thing to keep in mind is that the demand of services is fairly elastic. If the cost of legal services go down dramatically the demand will go up quite a bit. The reason many people don't use these services is because of cost and decide to forgo/settle. I bet there will be a lot of refinancing of mortgages if the closing costs were $500 and the process was one click. I presume that this is the case with a lot of professional services. In that sense service based economies are better situated than manufacturing based economies.