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Wildy’s Book News

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Vol 22 No 5 May/June 2017

Book of the Month

Cover of Arlidge, Eady & Smith on Contempt

Arlidge, Eady & Smith on Contempt

Edited by: Patricia Londono, David Eady, A.T.H. Smith, Rt. Hon Lord Eassie
Price: £319.00

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Declining Prospects: How Extraordinary Competition and Compensation Are Changing America's Major Law Firms

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ISBN13: 9781475053739
Published: August 2012
Publisher: CreateSpace
Country of Publication: USA
Format: Paperback
Price: £20.00



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Declining Prospects - How Extraordinary Competition and Compensation Are Changing America's Major Law Firms tells the story of growth and change in the legal services industry in United States during the last two decades and how they are affecting the major business practice law firms, their clients, their clients' law departments, and all of the lawyers serving the legal needs of business in America. The equity partners of the major firms have become extraordinarily well compensated over the past 17 years, but the financial prospects of the firms and their lawyers are declining while corporate law departments have become the dominant force in the corporate legal world. The book explores how greatly increased competition and costs along with the emergence of powerful and capable corporate law departments, the commoditization of many legal services, and the impact of new technology and "New Model" law firms are now affecting the structure and future of America's most important law firms.