American Law Firms: Trends, Threats and Strategies

This book examines American law firms, pinpoints their achievements and deficiencies, and identifies the steps necessary to restore their competitiveness.

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ISBN: 9781641053860
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ISBN: 9781641053860
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American Law Firms: Trends, Threats and Strategies takes a sweeping, incisive view of law firms' uneven progress after the Great Recession and analyzes the five elements that will determine their success or failure in the next decade: culture, character, practices, systems and leaders. Studying every critical aspect of law firms from income trends to attorney attrition rates and from gender bias to leadership development, this book shows how law firms have struggled to adapt to rapidly changing conditions – clients’ “more for less” demands, the expansion of corporate legal departments, demographic changes in the legal workforce, and technological innovations transforming law practices.

Through its careful analysis of law firms’ evolving role in the legal services industry, the book guides attorneys, law students, and law firm leaders in developing new, evidence-based perspectives, practices, and strategies.