It was the wrong thread

[Tyrone Slothrop]

Originally Posted by sebastian_dangerfield

Three amusing takeaways.

1. Who in the industry didn't see this coming seven to ten years ago? That could only accrue from willful ignorance or blissful self-delusion.

I wish I could say I saw it coming -- I thought it was my firm.

2. Why is this only focused on big firms? Medium sized firms are also getting hammered.

Because they have journalists who cover them, so a writer from TNR can start with the reporting other people have done.

3. When was law - big, small, or medium, all practice specialties - a collegial, communal environment, in which people were more interested in being part of a "profession" than making money like any other business?

Law firm dynamics were surely very, very different before partners learned what they could be making at other law firms and started jumping around.

And the irony of discussing that on this board is not lost on me.