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Law Practice

Feb. 8, 2011

There Is No Shareholder Value in Large Law Firms Today

The structures of capital and ownership in many large firms are fatally flawed. By Edwin B. Reeser.

By Edwin B. Reeser

The maximization of the short-term result at the expense and destabilization of the entity for the long-term future is an important feature in the current crisis affecting large law firms.

Strong financial cores help to keep a firm flexible in its responses by providing the time necessary to enable positive change. Without adequate time, the right ideas cannot be implemented, even if you come up with them, to save the firm. Time and cash are inex...

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