Law firm pedigree, overrated?
Interesting article from Harvard Business Review about the move from general counsels away from “pedigreed” law firms.
Hard for me to fathom whether and to what extent this is a problematic development from the vantage point of the law firm (or law school) marketplace more generally. The key issue, of course, is one of efficiency and value. Which firms can be expected to provide the best service for companies in trouble? That less “branded” firms develop cogent strategies for capturing this business seems to evidence a well functioning market. However, the next shoe to drop presumably is the development by the so-called “pedigreed” firms of nimble strategies to compete in this shifting marketplace.
The future will an interesting one, to say the least!