Posts Categorized: Big Firms

Peer pressure

Posted by & filed under Big Firms, Innovation.

“If all your friends jumped off a bridge, would you do it too?” Every parent has uttered some variation on that line to a child who insists on doing something unwise, over-priced, or physically perilous simply because “everyone else is doing it.” Training children to resist peer pressure is one of the thankless but necessary… Read more »

The other shoe

Posted by & filed under Big Firms, Recession, Talent.

If you like your comedy dark, track the law firm layoff news. There’s the partner at Pillsbury LLP who, seated on a crowded but quiet commuter train into NewYork City, conducted a loud cellphone conversation with a colleague at the office that revealed planned associate layoffs at the firm, right down to naming the names… Read more »

The evolution of lawyer regulation

Posted by & filed under Big Firms, Governance, Talent.

The thing about change is that once it gets rolling, it’s almost impossible to control and can go in directions you neither anticipated nor like very much. That thought occurred to me while reading a report issued last week by the Legal Services Policy Institute, the think-tank division of UK legal training company The College… Read more »

The disappearing associate

Posted by & filed under Big Firms, New Lawyers, Recession, Talent.

Well, that was ugly. In case you missed it, or you need a summary, here’s what happened on a day (yesterday) that the ABA Journal called Black Thursday and Above The Law readers have decided should be named (a little early) the Valentine’s Day Massacre: Holland & Knight fired 70 lawyers and 173 staff DLA… Read more »

What the recession will bring

Posted by & filed under Big Firms, Clients, Recession.

My newest Law21 column is up at Slaw. Click the link to go read it, and then take some time to peruse all of Slaw’s other great posts and conversations at what Dennis Kennedy calls the best law blog in the business. As always, I’ll also post the article here. “Are we looking at a… Read more »

Avalanche alert

Posted by & filed under Big Firms, Finance, Recession, Talent.

“[F]irms still have too many lawyers,” says the Chicago Tribune in the course of a rather grim 2009 forecast for American law firms. That might not be a problem for too much longer, because we’re about due for another round of bloodletting. But the next stage of the inexorable rationalization of the private bar won’t… Read more »

Deconstructing prestige

Posted by & filed under Big Firms, Marketing.

I’m currently taking part in an intriguing conversation at Legal OnRamp about the reasons why GCs hire prestigious, big-name law firms. A recurring theme in the discussion is that in-house lawyers often default to using big, well-known (and often highly inefficient) firms because of the protection these firms’ prestige affords to corporate counsel. Just as… Read more »

Renovating or tearing down?

Posted by & filed under Big Firms, Billing, Innovation.

I grew up in a small city of about 80,000 and went to law school in a similarly sized town, so my first experience of a major metropolitan center was when I began working in downtown Toronto. I remember being a little overwhelmed by the massive bank towers in the financial district — not a… Read more »

Watch for falling dominoes

Posted by & filed under Big Firms, Law School, Publishing.

I don’t think Detroit’s automakers scored a $17 billion care package from the White House because anyone seriously thinks the cash will staunch the gaping holes in their business models and turn them into American Toyotas. More likely, the US government feared a massive ripple effect throughout the faltering wider economy if even Chrysler went… Read more »

The new leverage

Posted by & filed under Big Firms, Clients, Solo & Small Firm, Talent.

Bad news on the economic front continues to pile up — you don’t need the links from me — and the legal profession is finding its ride increasingly bumpy as a result. Wachovia’s legal specialty group reports that partners in large law firms are bringing in less revenue for the first time since approximately the… Read more »

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