The Practice of Law is a Business … Run by Lawyers

We have heard it before, the practice of law is a business. But the lawyers who run those businesses should consider delegating responsibility for public relations and client relations to folks with the right skill set and perspective. The press release from Mayer Brown indicating its decision to release 10 percent of its equity partership makes clear the move was made for improving the financial bottom line. The announcement received only venom from the corporate world, which read this move as one in the best interests of the partners who survived the cut.

For more see Wall Street Journal Law Blog.

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