1.

Record Nr.

UNINA9910554227303321

Autore

Regan Milton C., Jr., <1952->

Titolo

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

Pubbl/distr/stampa

Chicago : , : The University of Chicago Press, , 2021

ISBN

0-226-74227-X

Descrizione fisica

1 online resource (264 p.) : 3 figures

Collana

The Chicago series in law and society

Chicago scholarship online

Disciplina

338.4/73400973

Soggetti

Law firms - United States

Practice of law - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Also issued in print: 2021.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Introduction : BigLaw -- Business and profession : bridging the divide -- Clients in the driver's seat -- Encouraging entrepreneurs -- Entrepreneurs and collaboration -- Pruning for productivity -- The material economy of compensation -- The symbolic economy of compensation -- Luring laterals -- Trusted advisors and service providers -- Conclusion : Money and meaning in the modern law firm.

Sommario/riassunto

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.