How BigLaw Firms Can Cash In On Commodity Work

Law360, New York (February 27, 2014, 4:17 PM EST) -- While Bingham McCutchen LLP's recent decision to move away from commoditized practices to soften the blow of a hefty revenue dip continues a well-trod industry path, experts say that there are restructuring steps large firms can take to keep those practices active while cutting down on profit loss.

Bingham's strategy of jettisoning its exposure to lower-yield practice areas is certainly not a new strategy, but experts have observed that it is just one course of action firms might take to react to shifting demand and other industry trends that stem from commoditization in practice areas such as insurance, labor and employment, government...

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