In a time of changing relationships between many in-house law departments and their outside counsel, there are legitimate motives for law firms to want to better understand how they can create value for their corporate clients.
A panel discussion held in New York City on Thursday by the Legal Marketing Association’s Metropolitan New York Chapter, titled “Value—The Key Differentiator,” brought together three prominent in-house lawyers to talk about outside counsel value.
All three...
Aric Press, editor in chief of American Lawyer Media, talks with Bloomberg Law's Lee Pacchia about the latest data on the financial performance of law firms.
"The legal marketplace is a complex entity. Parts of it have recovered, parts of it haven't," says Press. "You can walk through the halls of virtually any major law firm that you can name, and you will find people busier than they've ever been–and others down the hall twiddling their thumbs."
When Pacchia asks why market forces wouldn't...
