Grimley reasons that American law firms are in a unique position because the fastest growing global economies want See more +
Grimley reasons that American law firms are in a unique position because the fastest growing global economies want access to American markets. In order to obtain new work, firms will need to significantly increase their marketing and business development staffs. "They need sophisticated divisions devoted to generating revenue," he says.
Grimley disagrees with law firm consultant Bruce MacEwen, who said in a February 28 interview with Bloomberg Law that law firm growth is a thing of the past and that large firms are now finding themselves "in a battle for market share." You can find the MacEwen interview here: (http://youtu.be/IEZATwstSyg). See less -
Mergers & Acquisitions Updates, Energy & Utilities Law Updates, International Law & Trade Updates, Law Firm Marketing Updates, Law Practice Products & Services Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Bloomberg Law
Bill on Bankruptcy: The Market's Unquenchable Thirst for Junk
Stealth Lawyer: Ruchi Bhowmik, Deputy Cabinet Secretary
Crime Novelist Wins $51 Million From Accounting Firm
Lack Of Diversity Among Supreme Court Bar
Are Political Intelligence Practice Groups Too Risky?
Client Biz Dev: You're Doing It Wrong
Stealth Lawyer: Shonali Bhowmik, Indie Rock Musician
Bill on Bankruptcy: Trustees Sleep Easy after High Court Ruling
DynCorp's 'Strategic' Defense In Drug Crop Spraying Suit
Legal Job Market: Not As Bad As You Think?
Greenberger: Derivatives Legislation Would Seriously Weaken Dodd-Frank
Could This Law School Ranking Unseat US News?
Stealth Lawyer: Reverend Luther Zeigler, Minister
Bill on Bankruptcy: Lehman Test Case on Judicial Nullification
Yahoo's $30 Million May Be 'Underpay' for Summly's D'Aloisio
Mother-at-Law: Cravath's First Female Partner
S&C's Cohen: Brown-Vitter Punishes Banks For Being Big
Cohen: Cyprus Is Not A Template For Future Restructurings
Businessweek Reporter: BigLaw Is "Crash Landing"
With Radical Changes, Law Firms Can Beat Recession
JD Supra gets your content noticed, increases your visibility and makes your marketing efforts hassle free...
Learn More or Schedule a demo