Description
Book SynopsisTrade Review"Explores how large firms are responding to intensifying competition and what this means for lawyers’ understandings of themselves as professionals, focusing on interviews conducted between 2009 and 2016 with partners in large US law firms to assess the claim that business concerns are eclipsing professional values in law firm practice." * Journal of Economic Literature *
"Drawing on interviews with more than 250 partners in large firms, Regan and Rohrer find that hiring, promotion, compensation, and termination policies in large US law firms are more influenced by business considerations than ever before and that firms actively recruit profitable partners from other firms to replace those they regard as unproductive. But at the same time, partners continue to seek the non-financial rewards of being members of a distinct profession and are sensitive to whether their firms are committed to providing them." * Law & Social Inquiry *
Table of ContentsIntroduction: BigLaw
1 Business and Profession: Bridging the Divide
2 Clients in the Driver’s Seat
3 Encouraging Entrepreneurs
4 Entrepreneurs and Collaboration
5 Pruning for Productivity
6 The Material Economy of Compensation
7 The Symbolic Economy of Compensation
8 Luring Laterals
9 Trusted Advisors and Service Providers
Conclusion: Money and Meaning in the Modern Law Firm
Appendix on the Research Project
Acknowledgments
Notes
References
Index
