lawjobs.com Career Center - Three Ways to Save Big Firms
This article states the problems of the current situation for large firms very well and then posits three conclusions:
1. Abolish the distinction between partners and associates;
2. Outside investment in law firms as is already permitted in England and Australia; and
3. Have meaningful covenants not to compete.
All of these conclusions deserve further study and comment, which will come in due course.
Monday, December 8, 2008
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