A Hot New Trend: Leaving Big Law Behind
By David Lat 20 Aug 2010 at 11:14 AM
People are talking about an interesting Slate article entitled “Leaving Big Law Behind: The many frustrations that cause well-paid lawyers to hang out their own shingles.” It’s currently the most-read piece on the site. Firms get so big that conflicts become unmanageable and partners turn down business because it might offend a high-revenue-generating client. Certain clients, already spooked by the size of their legal bills, balk at being billed $1,000 an hour, especially when a partner is redoing the work of an associate who bills at half that rate (or more), but does not offer half the value.
Read more: (http://www.slate.com/articles/business/small_business/2010/08/leaving_big_law_behind.html)