Declining Prospects: How Extraordinary Competiton and Compensation are Changing America's Major Law Firms
- ISBN-10
- 1475053738
- ISBN-13
- 9781475053739
- Category
- Practice of law
- Language
- English
- Published
- 2012
- Publisher
- Createspace Independent Publishing Platform
- Author
- Michael H. Trotter
Description
"Tells the story of continued growth and change in the legal services industry in the United States over the last two decades and how these changes are affecting the major business practice law firms, their clients, their clients' law departments, and all of the lawyers serving the legal needs of business in America. The equity partners of the major firms have become extraordinarily well compensated, but the financial prospects of many of the firms and their lawyers are declining as corporate law departments have become the dominant force in the corporate legal world. The book picks up where Trotter's previous book, Profit and the Practice of Law, left off. The two books together provide a comprehensive view of the evolution of the legal services industry in America since the end of World War II"--P. [4] of cover.
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