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"When the general counsel of a major corporation says that the current model of the large law firm is heading towards extinction, ears perk up throughout the legal industry. That is precisely what happened after Sun Microsystems GC Mike Dillon wrote on his blog last week that Biglaw is going The Way of the Mastodon . His thesis is that large law firms exist primarily as aggregators of specialized legal expertise -- by combining multiple legal disciplines, firms can provide 'one stop shopping' for their clients. That used to make sense, in the days before the Internet when it was inefficient for a company to hunt down ...
Based on three different estimates, and admittedly sketchy data, it is plausible that more than 20,000 US companies have legal departments. Test my reasoning and let me know how well it holds up. First, In-house lawyers as percentage of practicing lawyers, and then average lawyers per law department . Lawyers in the Us held about 759,200 legal jobs in 2008, according to the US Bureau of Labor Statistics website. http://www.bls.gov/oco/ocos053.htm Of them, what percentage practice as an employee of a company? An unpublished article by Michele DeStafano Beardslee and three co-authors, ... Read More
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