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Is your firm changing its business model, or is it in a stage of failure?

Oct 24, 2013, 08:30 am CDT

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By B. McLeod on 2013 10 24, 6:54 pm CDT

Yeah…according to the headline you can only be changing or failing.  Odd.

By Abner Stanwix on 2013 10 25, 7:53 am CDT

Any article that relies on Jim Collins is unreliable.  I’ve read him elsewhere and “powerful insights” do not describe his work (“pseudoscientific garbage” would be more appropriate).  Better books would be “The Halo Effect” by Phil Rosenszweig or “White Collar Sweatshop” by Jill Fraser.

By Bobbie on 2013 10 25, 8:10 am CDT

False dichotomy much?

By NoleLaw on 2013 10 25, 8:22 am CDT

Jim Collin book is highly discredited and very unscientific.  You do not need that book to drive your point it is simple business sense and market realities.

By Robert on 2013 10 25, 10:04 am CDT

The seeds for the changing business model for BigLaw is decades old from the recession of the early 1990’s. The law business is a maturing industry, which has all of the classical B school attributes - increased competition and a stagnant or declining business base which is tied to the economy.  Until 2008, the strong US economy masked all of the symptoms.  At the end of the day, consumers drive the business, and if they cannot afford $1,000+ per hour and have reasonable options to get efficient results at less cost, they will migrate away from BigLaw. It is not, as one of my colleagues has said,  “rocket surgery.”

By W. Mann on 2013 10 25, 10:32 am CDT

Ed: A GREAT article and some solid references to other pieces well worth reading, especially the nine-point checklist of warning flags for potential failure of a law firm.

By Patrick McKenna on 2013 10 25, 10:50 am CDT

Comment removed by moderator.

By Tom Youngjohn on 2013 10 25, 2:02 pm CDT

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