Perspective
Jan. 30, 2015
The origins of the modern law firm
Consider that in 1970, the largest law firm was Shearman & Sterling, with 164 attorneys. By 1985, Shearman & Sterling had 432 lawyers. Today, Baker & McKenzie has over 4,000. By Edwin B. Reeser
If you unlock the cage, the beast often comes out.
The fundamental structure, operation and character of governance in law firms has transformed over the past 45 years. For perspective, consider that in 1970, the largest law firm was Shearman & Sterling, with 164 attorneys. By 1985, Shearman & Sterling had 432 lawyers. Today, Baker & McKenzie has over 4,000.
Let's look at nine important features that charact...
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