Big Law's Addiction to 'Prestige' Numbed by Pandemic


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By Bloomberg Industry Group and Bloomberg Law. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

For his 100th column for Bloomberg Law, Roy Strom looked back at the seismic changes that have taken place in the legal industry during the pandemic. He says the pandemic has shown many of the country's biggest law firms that there is much more to Big Law than chasing prestige.

Law firms are now opening satellite offices in Salt Lake City and Austin, Texas. And we've seen Big Law continue to move away from lockstep compensation, which many in the industry now consider an anachronism. Additionally, the mindset of prizing revenue above all else is starting to fade as well.

Roy Strom joins this week's episode of On The Merits to talk about Big Law two years later.

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