Large Firms
Mar. 15, 2007
Mayer Brown Cuts Herald Sea Change
A recent decision by Mayer, Brown, Rowe & Maw to cut 45 equity partners underscores the extent to which law firms increasingly are being run like streamlined, centralized corporations.
Daily Journal Staff Writer
A recent decision by Mayer, Brown, Rowe & Maw to cut 45 equity partners underscores the extent to which law firms increasingly are being run like streamlined, centralized corporations.
Gone are the days when, as Justice Lewis Powell said, "judgmental and sensitive decisions" were made by "consent among the partners" or "common agreement." The...
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