Monday, April 4, 2011
"It's a very Darwinian, survival-of-the-fittest firm." The future of law?
Steven Harper's "The Goldman Model for Big Law" at The AmLaw Daily. Wondering what BigLaw's future looks like? Look no further than Goldman Sachs, says Harper. What would it mean for a firm's culture if Partners could trade future returns for payoff today? If firms were structured on a 1:73 partners to staff ratio? Is this the future of big global law firms? Maybe. According to Harper, some of them might already be there. Either way, it's clearly a direction to which the big firms are trending.