Perspective
Sep. 2, 2010
Seeking Outside Counsel: A New Law Firm Paradigm in a Changing Economy
The economic crisis should encourage law firms to reassess traditional practices and learn from non-legal businesses, by David M. Fields of Bayer Properties.
Many of the nation's top law firms are being forced to react to the economic downturn by streamlining their numbers, declining or deferring new hires, internal cost cutting and the other all too familiar tactics being taken by their brethren within and outside the legal industry. Given that the institutional behavior of large law firms has occurred primarily in lockstep fashion, when the economy rebounds - and it will - history sugg...
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