Biglaw: Money and Meaning in the Modern Law Firm

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.

Author: Mitt Regan, Lisa H. Rohrer
Publisher: University of Chicago Press
Published: 12/22/2020
Pages: 264
Binding Type: Paperback
Weight: 0.87lbs
Size: 9.00h x 6.00w x 0.62d
ISBN13: 9780226742137
ISBN10: 022674213X
BISAC Categories:
- Law | Ethics & Professional Responsibility
- Law | Legal Profession
- Social Science | Sociology | General

About the Author
Mitt Regan is McDevitt Professor of Jurisprudence and Director of the Center on Ethics and the Legal Profession at Georgetown Law Center. Lisa H. Rohrer is a senior fellow at the Center on Ethics and the Legal Profession at Georgetown Law Center and a senior advisor at Fairfax Associates.