Del i serien Chicago Series in Law and Society

BigLaw

Money and Meaning in the Modern Law Firm

Inbunden, Engelska, 2020

AvMitt Regan,Lisa H. Rohrer

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The Great Recession intensified large law firms’ emphasis on financial performance, leading to claims that lawyers in these firms were now guided by business rather than professional values. Based on interviews with more than 250 partners in large firms, Mitt Regan and Lisa H. Rohrer suggest that the reality is much more complex. It is true that large firm hiring, promotion, compensation, and termination policies are more influenced by business considerations than ever before and that firms actively recruit profitable partners from other firms to replace those they regard as unproductive. At the same time, law firm partners continue to seek the non-financial rewards of being members of a distinct profession and are sensitive to whether their firms are committed to providing them. Regan and Rohrer argue that modern firms responding effectively to business demands while credibly affirming the importance of non-financial professional values can create strong cultures that enhance their ability to weather the storms of the modern legal market.

Produktinformation

Utgivningsdatum2020-12-22
Mått152 x 229 x 23 mm
Vikt513 g
FormatInbunden
SpråkEngelska
SerieChicago Series in Law and Society
Antal sidor264
FörlagThe University of Chicago Press
ISBN9780226741949

Introduction: BigLaw1 Business and Profession: Bridging the Divide2 Clients in the Driver’s Seat3 Encouraging Entrepreneurs4 Entrepreneurs and Collaboration5 Pruning for Productivity6 The Material Economy of Compensation 7 The Symbolic Economy of Compensation8 Luring Laterals9 Trusted Advisors and Service ProvidersConclusion: Money and Meaning in the Modern Law FirmAppendix on the Research ProjectAcknowledgmentsNotesReferencesIndex