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The Business of Big Law

Organized Money

CHAPTER

The Evolution of Big Law: From Tradition to Profit

This chapter examines the transformation of big law firms, shifting from a traditional academic-like structure to a profit-driven model. It discusses the implications of lateral hiring, changes in compensation, and the evolving role of lawyers within these firms, alongside their increasing influence in politics. The interplay between legal specialization and corporate focus, as well as the firms' dual roles as advisers and political players, is also explored.

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