September 7, 2023
U.S. News recently published an article featuring Lisa Rohrer, Professor of the Practice, Management and Organizations, on the business of Big Law Firms.
In modern society, Big Law is comprised of four types of firms, the old elite, the global firms, the greater U.S., and the newcomers. Additionally, the experience of practicing at these firms has evolved greatly, now having broader portfolios. Despite economic uncertainty within the business, attorneys within Big Law firms work with major clients with intriguing transactions and matters.
Rohrer adds that, “There’s a certain brand value when you go with a Big Law firm…nobody gets in trouble when they hire GM. It’s the sort of same when it comes to hiring a Big Law firm.”
While these law firms aren’t practical for all companies, they are a great option for clients with specialized transaction matters.