Economics tells us an industry that experiences a drop in aggregate demand, adds production capacity, and increases the market overlap among competitors will suffer price erosion and profitability decline. Big Law fits this profile. Yet, in talking with law firm partners, you don’t get the sense that any such “disruption” is happening. Perhaps economics has bypassed law? A closer look seems warranted.
- 25 Years of the Am Law 200: Is Size as a Strategy a Winning Formula?
- People, Places & Profits, Part III: Are Law Firm Financial Metrics Keeping Pace With Inflationary Growth?
- What Associates Really Think: A Deep Dive on Lawyer Satisfaction, Professional Development and How Firms Are Rethinking Talent Management
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