Yes, things are bad out there. But this isn’t just about the current economy, stupid. It’s about the long-term survival of the Am Law 100 law firm as we know it. No matter how much we would like to dismiss the recession-fed clamor that the end — of the billable hour, and the highly leveraged business model built upon that eroding foundation — is nigh, we shouldn’t do so.
Things are going to get worse in the years ahead, not better. If we don’t fundamentally change how we do business, we won’t — and don’t deserve to — survive. Don’t just take my word for it, though. Pay attention to Richard Susskind’s instead.
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