Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Amid all the sound and fury about imminent disruption in legal markets, there is always one vaguely defined group assumed to be largely exempt from the coming maelstrom: the venerable and venerated white-shoe elites of Wall Street.

An air of permanence clings about these names, bolstered by the twin mystique of prestige and pedigree. It is perhaps fitting that Wall Street is named for the defensive wall that once guarded the shores of New Amsterdam before New York came to be. In much the same way, many of Wall Street’s most elite law firms trace their roots back to a time that predates living memory. Their perennial prosperity, relatively undeterred by the shockwaves of the Great Recession, only reinforces the perception of unassailability.  

To follow a conversation on this subject between ALM Intelligence senior analyst Nicholas Bruch and The American Lawyer editor-in-chief Gina Passarella beginning Aug. 28, register here:

In 2018, just how much of that perception is grounded in reality? How much of it is steeped in our cultural habit of unconscious mythmaking about the fabulously successful?  

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?


You Can't Manage It If You Don't Measure It

How are you illustrating differentiation to clients and potential lateral targets? How are you measuring performance against peers? Use Legal Compass to benchmark a firm against its competitors, unearthing unique insights about performance, partner retention, market penetration and more. Click to log in, or begin your free trial.

Get More Information

WIPL.UK Awards 2021Event

The WIPL.UK Awards honors the industry standouts and rising stars who are making a mark within the profession.

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.