Question of the Month #4: Non-lawyer Ownership?

Our fourth question of the month. At this point, you know what to do. As always, please use the comments box to add thoughts, glosses, and, well, commentary. Is the prohibition against non-lawyers having an ownership interest in a law firm still a good idea? No,...

The Decline of Litigation? Part 2

We haven’t talked yet about realization.  Shall we? The first time I saw this chart, it hit me between the eyes; your reaction may be similar.  In a nutshell: Even if litigation “demand” is more or less steady, what about revenue to law firms from that demand? In...

The Decline of Litigation?: Part 1

I’ve been thinking a lot lately about litigation. It’s been one of the two major locomotives driving revenue and profit for BigLaw for the past 50 years or so–the other being transactional or corporate work–and has customarily provided 25–60%...

My Kingdom for a Horse: The Psychology of Pricing

The following guest column is by Richard Hinwood, based in London. Richard is the Head of Strategy & Chief of Staff at Withers.  As Head of Strategy, Richard leads the formulation and implementation of firm-wide strategy and business planning across the...

Question of the Month

Over the past few decades, every other sizable sector of the professional services industry has switched wholesale from being organized as partnerships to being organized as corporations.  This includes: Management consultants, such as McKinsey, BCG, and Bain;...
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