Will client conflicts put the ceiling on BigLaw's global expansion?
You have to read this, especially if you're at a BigLaw firm that's turning away little cases in favor of big, fat fish. Bruce MacEwen writes,
"A perennial subject for speculation is whether or how the consolidation trend among BigLaw will end. A primary -- and by sheer headcount perhaps the prevalent -- point of view is that the industrial structure of BigLaw is moving toward a bimodal distribution, with a few dozen (at most) truly Global U.S. and U.K. firms, on whose empires the sun never sets, and at the opposite end of the curve a profusion of boutiques and regional powerhouses. On this view, however, the days of the "midsize, full service" firm are numbered.
"... But as faithful readers may intuit, I have an intellectual aversion to subscribing to the common wisdom without at least tossing a few questions at it. Today my question is, "Won't the multiplication of client conflicts in bigger and bigger firms put a ceiling on size?"
Read the whole thing here.
Posted by Laurel Newby on December 15, 2005 at 03:31 PM | Permalink
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