There might be new competition now at a certain level, but there's also the oversupply of lawyers and the continual closing of law firms all across america. Those are kind of competing stories about what is happening.
[1]: https://www.nalp.org/salarydistrib
[2]: https://www.biglawinvestor.com/bimodal-salary-distribution-c...
Can you rephrase so I can understand what you mean?
"There might be competition on some level" BUT "there's also the oversupply of lawyers" -- that means that all the lawyers are competing with each other because there are too many. How are "the lawyers are competing" and "there is an oversupply" competing stories? An oversupply would lead to increased competition.