During a breakfast discussion this morning, the managing partners of some of Washington’s top law firms said that they believe the Big Law business model has fundamentally changed and that the industry is just now starting to figure out what the new environment is going to look like.
The discussion, which was hosted by The National Law Journal, brought together T. Mark Flanagan Jr., managing partner of McKenna Long & Aldridge; Karl Racine, managing partner of Venable; and Roger Warin, chairman of Steptoe & Johnson LLP—all of whom spoke about what their respective firms were doing and about what the future might hold for some of the District’s largest law firms.
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