Monday, May 21, 2012

How soon are changes coming to your practice

Lots of people are talking about changes in the legal profession and have been following the issue for over four years now. Obviously, changes are taking place (moves to alternatives to billable hours, rethinking large firm management procedures), but coming from New York big law and now a conservative legal department in a company, those changes are barely noticeable.

I read a recent quote by a partner at Seyfarth Shaw which sums up the reason for this phenomenon (paraphrase): never underestimate the power of a group of lawyers to argue  that a minuscule deviation from the status quo is a revolutionary change.   I had to laugh.

When are the smartest people in the room going to experiment with innovative business practices? Will real movement only be reactionary, the result of a domino effect: Heller, Thacher, Dewey, your firm ....

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