Volatile markets and fierce competition are pushing elite US firms to adopt bolder business models to stay fit in a changing landscape, say Dan DiPietro and Gretta Rusanow

Looking at the direction of the legal market for elite firms, it is instructive to consider how the world has changed for them since 2008. In the years since the Great Recession, we’ve observed that these firms have experienced a more challenging time, both in terms of revenue generation and expense management.