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Expert Analysis

Adopt Value Or Be Left In The Ash Heap Of History

Law360, New York (June 12, 2014, 2:08 PM EDT) -- For years, inside and outside counsel at the vanguard of the legal services industry have played the part of Cassandra on the shores of Troy. These lawyers have challenged our entire bar to transform itself so that commonsense business principles drive the pricing and provision of legal services. Nevertheless, because the pace of change is opaque to commentators accustomed to relying on profits-per-partner reporting, it has been easy for law firms and others to acknowledge that the world is changing for everybody else, but, quelle surprise, not for their own organizations. Unfortunately for them, the pace of change is quickening and the veil of ignorance is beginning to lift....

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