Are Law Firms Too Sophisticated for Their Own Good?

, The Am Law Daily

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The dangerous path Big Law is headed down and what it has to do to change course.

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  • James Qwerty

    I don‘t know that the "unmoved" segment is that perplexing at all. I see members of that segment as being lame-duck senior equity partners have benefited from the fruits of laborers beneath them for some years now. They have no incentive to change the model, and, what‘s worse, they likely carry the "voting power" to oppose it. Even if the incremental PPP decreases year-over-year, these partners still have sufficient incentives to be "unmoved." If the relationship between my entitlement to partnership draws and the work performed is tenuous enough, year-over-year decreases in my distributions don‘t bother me--receiving anything is "icing on the cake."

  • Mark A. Cohen

    Good article. Please also see: com/2016/08/08/lawyers-could-learn-from-dollar-shave-clubs-disruptive-model/. Seems like razors are the key to understanding the legal industry. :)

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