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Goldman Sachs has been in the news a lot lately and The New York Times has covered it well. Taken together, several articles suggest parallels to big law. Anyone wondering where many large law firm leaders want to take their institutions — and how they might get there — should look closely at Goldman. As law firms have embraced metrics that maximize short-term partner profits, they’ve moved steadily in Goldman’s direction. If America follows Australia and the U.K. in permitting non-attorneys to invest in law firms, a tipping point could arrive.

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