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Finding ‘Success’: A New Equilibrium in the BigLaw Marketplace

Robert N. Freedman and Doreen E. Lilienfeld, former hiring partners, and Linda E. Rappaport and Daniel H.R. Laguardia, current hiring partners, for Shearman & Sterling, write: Whether the cause was the credit crisis, the lingering effects of the “Great Recession,” or just a natural shift in the market for legal services from sellers to buyers, law students and law firms have seen a long-standing equilibrium for achieving success disrupted, and the two sides are still looking for ways to restore it.

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