A Law Firm Famed for Lean Staffing Gets Leaner

, The American Lawyer

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Seyfarth Shaw helped pioneer legal project management. Now it has plenty of rivals.

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  • Susan HackettLegal Executive Leadership

    This article illustrates a major challenge to the health of the US law firm marketplace: the inordinate value placed on short-term results. The article cites Seyfarth‘s financial successes as well exceeding the performance of other AmLaw 100s over the last 5 years, with a small drop this year which was also registered by other firms. But the article is premised on questioning whether Seyfarth‘s efforts to build a firm that is both sustainable and profitable over the longer term were justified. I know that change is hard and slow in the legal profession, but exactly what indicators will convince the majority of law firm leaders to embrace better business models for their firms and better practices for their lawyers if Seyfarth‘s record of success calls their strategy into question? What I see from my work with in-house lawyers/law departments tells me that the skeptics in law firms still be looking for sufficient proof long after their firms have been designated as irrelevant or placed on the block for acquisition by firms with a more sustainable model.

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