Publications

DISPATCH TO MANAGING PARTNERS: 5 Key Observations on Law’s Tectonic Shifts


For several years now, all us bloggers and pundits have been pushing the Chicken Little button and trying to get your attention. We all have been saying pretty much the same thing: Law firm practice and economics are morphing into a “New Normal,” major paradigm shifts impend, it’s change or die time, yadayadaya. Yes, we do get pushback from law firm leaders, to the effect of, “as far as my firm is concerned, you’re all peddling alarmist tripe because for us and our clients, it’s pretty much business as usual. And oh, yes, we had quite a nice 2013, thank you.” So are the predicted trends really trending?

Where do trends start – and where do they take hold? Where the stakes are highest. That means we can look to the largest law firms and the pushiest clients to see the signals of where we’re all headed. Things trickle down from there to smaller firms…and friends, they are trickling.

Based on my work with a spectrum of clients, here are five trends in large firms I can report with absolute confidence:

Woldow, P. 2014, DISPATCH TO MANAGING PARTNERS: 5 Key Observations on Law’s Tectonic Shifts.

Read more at www.jdsupra.com

Tags: Law Firm Managing Partners, New Normal, Law Firms,

More Publications by Pamela Woldow