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Law Firms Not Serious About Change, Say CLOs

Law firms may be cutting salaries or creating apprentice programs, but are they really serious about change? Only 5 percent of chief legal officers at corporations believe that firms are committed to innovation, according to a new survey by Altman Weil, reports Larry Bodine. The vast majority of CLOs see these new measures as a stop-gap approach to keep revenues from flowing out, instead of representative of serious change. Bodine writes:

A full 75% rated law firms between zero and 4 on the scale, indicating little or no interest in change. “This is a dramatic vote of no confidence from Chief Legal Officers,” observed Altman Weil principal Dan DiLuccio. “Either many law firms just don’t understand that clients today expect greater value and predictability in staffing and pricing legal work, or firms are failing to adequately communicate their understanding and willingness to make real change. In either case, it’s a big problem.”

Do you think law firms will return to business as usual when the recession passes? What will happen if they don't?

Posted by Carolyn Elefant on June 30, 2009 at 03:14 PM | Permalink | Comments (0)


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