Welcome to the Law Firm Disrupted, a briefing from Law.com editor Dan Packel that surveys new competitive pressures on law firms and how their managers are coping, plus insights on the tactics and tech employed by would-be disruptors. Have an opinion? Email me here. Want to be alerted to this dispatch in your inbox every Thursday? Sign up here.
The interest rates that have risen steadily since March 2022 as the Fed has sought to curb inflation have had a clear impact on law firms’ dealmaking work. That’s had tangible impacts on profits and personnel, with the latter illustrated most recently by the news that Cooley is offering incoming first-years the option of delaying their start dates for a full year.
