The Rock Center for Corporate Governance at Stanford University recently issued a report on the future of law firms in the new economy called “Big But Brittle: Economic Perspectives on the Future of the Law Firm in the New Economy.” It concluded with these words: “We must acknowledge and respect the forces that created [current market dynamics], and fashion remedies that swim with the tide of economic change rather than rail against it.”
The forces referred to by the authors are those that are exerting an inexorable pressure on the profession to change. I agree with this takeaway, which is, essentially: deal with it.
