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;
  • Architectural firms, such as Skidmore, Owings & Merrill and Kohn Pederson Fox;
  • Engineering firms, such as CH2M Hill, Dames & Moore, and Woodward-Cycle Consultants;
  • And investment banks including Goldman Sachs and Lazard.

The law firm sector appears to be the only remaining holdout sticking with the partnership as the dominant organizational form.

Clearly, the other professional service sectors have concluded that the corporate structure is superior at the ultimate goal, delivering client service.  (If any “went corporate” and found clients dissatisfied, they would have switched back.)  And, our new “alt-law” competition, not to mention in-house departments, wouldn’t dream of any other form.

So without further ado, our question of the month for you:


[poll id=”7″]

As always, we invite your further thoughts in the comment section below.

Related Articles

Email Delivery

Get Our Latest Articles Delivered to your inbox +

Sign-up for email

Be the first to learn of Adam Smith, Esq. invitation-only events, surveys, and reports.

Get Our Latest Articles Delivered to Your Inbox

Like having coffee with Adam Smith, Esq. in the morning (coffee not included).

Oops, we need this information
Oops, we need this information
Oops, we need this information

Thanks and a hearty virtual handshake from the team at Adam Smith, Esq.; we’re glad you opted to hear from us.

What you can expect from us:

  • an email whenever we publish a new article;
  • respect and affection for our loyal readers. This means we’ll exercise the strictest discretion with your contact info; we will never release it outside our firm under any circumstances, not for love and not for money. And we ourselves will email you about a new article and only about a new article.

Welcome onboard! If you like what you read, tell your friends, and if you don’t, tell us.

PS: You know where to find us so we invite you to make this a two-way conversation; if you have an idea or suggestion for something you’d like us to discuss, drop it in our inbox. No promises that we’ll write about it, but we will faithfully promise to read your thoughts carefully.