News & Events

March 11, 2004

Collegial to corporate: Law firms are changing, partner

  • March 11, 2004
  • Publication: Washington Business Journal
  • Related Attorneys: Alan Mark
  • Related Practice Areas: Corporate

Over the past 30 to 35 years, the practice of law has evolved from a "professional calling" - something akin to a noble intellectual pursuit of truth and fairness - to a service business.

Truth, fairness and intellctual honesty still no doubt are critical and distinguished aspects of the profession, but today in the larger metropolitan areas a law practice truly is a business. This is true not only for the national and international megafirms but also for the local two-lawyer firms.

The shifting economics have had a significant impact on a time-honored institution: partnership in a law firm.

Perhaps the single most important force driving the change is eroding profit margins.

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Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys and relevant to our areas of practice.

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