here. Money quote: “All the momentum in the legal services marketplace today favours small, adaptable, innovative, client-focused, value-oriented, business-savvy providers. Most large law firms answer to immobile, traditional, self-centered, profit-oriented, and business-challenged. It’s not hard to pick the winner here.”
The economics of law practice (and why small firms have an advantage over big ones)
As many of you know, there is much hand-wringing going on in big law firms about whether their current economic model is viable. (I for one don’t think it is). Here is a good article about potential changes to law firm structures. A couple of quotes from a law firm consultant jumped out at me: [...]
