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Ethics & Professional Responsibility - BigLaw: Money and Meaning in the Modern Law Firm (Chicago Series in Law and Society)

Description

Book Synopsis: 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. Regan and Rohrer argue that modern firms responding effectively to business demands while credibly affirming the importance of non-financial professional values can create strong cultures that enhance their ability to weather the storms of the modern legal market.

Details

Discover the intricate balance between money and meaning in the legal industry with "BigLaw: Money and Meaning in the Modern Law Firm." Dive into the insightful research from Mitt Regan and Lisa H. Rohrer as they unveil the complexities of large law firms' operations in the post-recession era. Gain valuable perspectives from interviews with over 250 partners, shedding light on the dynamic interplay between financial performance and professional values.

Uncover the evolving landscape of the legal profession as large firms navigate the realm of business pressures while upholding traditional professional ethics. Explore how hiring, promotion, and compensation policies in the modern law firm sphere are shaped by a delicate blend of monetary interests and firm culture. Find out how firms strategically recruit partners to maintain profitability, all while striving to preserve the essence of being part of a noble profession.

Empower yourself with the knowledge from Regan and Rohrer's in-depth analysis, offering a nuanced perspective on how law firms can effectively balance financial goals with the enduring values that underpin the legal practice. Gain insights into how fostering a strong organizational culture can equip firms to withstand the challenges of today's legal market, ensuring resilience and sustained success in a dynamic industry landscape.

Ready to explore the intricate dynamics of "BigLaw: Money and Meaning in the Modern Law Firm"? Elevate your understanding of the legal profession's evolution and immerse yourself in the compelling narratives shared by industry experts. Unlock a wealth of knowledge that will reshape your perceptions of the legal realm while staying attuned to the core values that define professional excellence.

Click here to order "BigLaw" now and delve into the intersection of finance and professional ethos!

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