Law firm ownership: An evidence-based approach

Law firm ownership: An evidence-based approach was posted by Ron Friedmann on his blog on September 04, 2017. coming from the land of the world’s first stock exchange-listed law firm, I cannot but say Ron’s rebuttal of Bruce MacEwan (aka Adam Smith Esq.) is a must read and mull over.  

All in and observers of the BigLaw ecosystem need to have a view. Ownership and its consequences is a very important issue in maintaining the capacity of firms to deliver high and sustainable value to clients. In my opinion, the woes of Slater & Gordon not withstanding, ownership is already the major issue of our times.    

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The legal vertical is already corporatized; law firms should be permitted to operate that way, too

The legal vertical is already corporatized; law firms should be permitted to operate that way, too by Mark Cohen explores a contentious topic. I congratulate Mark on his cogent arguments in favour. And I am sure all readers of The Dialogue are looking forward to hearing the views of BigLaw firm leaders and the institutions of the legal profession, like bar associations and law societies.   

Mark starts by with an exhortation: It’s time to stop pretending that the $300B U.S. legal industry is anything but big business. All legal providers—including law firms– should be able to operate from a corporate structure.

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