The Future Of Law And The Demise Of The Midsize Firm
Law360, New York (June 29, 2017, 9:28 AM EDT) -- Much is being written about the demise of BigLaw and the growth of "lifestyle" law firms in response to millennial demand for work/life balance. The BigLaw partnership model of the large corporate law firm is criticized for overworking associates. Clients are no longer loyal. Technology is eating away at the competitive advantage of size. The best and the brightest are fleeing the wood-paneled halls for trendy upstarts. I do not believe that dire prediction is justified.
Since 1980, there has been a systemic supersizing of business enterprises, the growth of sovereign wealth, and the emergence of international businesses (also known as...
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