The tech bubble of the early 2000s and the securitization bubble later that decade served to mask what had become in the early 1990s the unsustainable business model of large law firms, according to The New Republic senior editor Noam Scheiber.

Scheiber's remarks came during a discussion at the National Constitution Center in Philadelphia with NCC CEO and The New Republic colleague Jeffrey Rosen on Scheiber's recent article, "The Last Days of Big Law."