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BigLaw : money and meaning in the modern law firm / Mitt Regan and Lisa H. Rohrer.

By: Contributor(s): Material type: TextSeries: Chicago series in law and society | Chicago scholarship onlinePublisher: Chicago : The University of Chicago Press, 2021Description: 1 online resource (264 pages) : illustrations (black and white)Content type:
  • text
  • still image
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780226742274
Subject(s): Additional physical formats: Print version :: No titleDDC classification:
  • 338.473400973 23
LOC classification:
  • KF300 .R44 2021
Online resources: 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.
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Also issued in print: 2021.

Includes bibliographical references and index.

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.

Specialized.

Description based on online resource; title from home page (viewed on August 12, 2021).

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