Why aren't there fewer, larger, law firms? Forum

c3pO4 · Post by **c3pO4** » Fri Oct 21, 2011 9:42 pm

In consulting there's Mckinsey, Delloitte, Booze, Accenture, and a bunch of smaller boutiques as well as internal consulting like IBM.

Why in law are there 100-250 fairly similar firms? Will the industry ever consolidate into 5-10 firms with tens of thousands of lawyers instead of 250 firms with 300-1000 lawyers?

Is this the dumbest question ever? If so, sorry...

lawfirmrecruiter · Post by **lawfirmrecruiter** » Fri Oct 21, 2011 9:50 pm

Conflict of interest. The larger the firm, the more potential for conflicts.

Anonymous User · Post by **Anonymous User** » Fri Oct 21, 2011 10:16 pm

Yes, the industry has reached a point where it cannot consolidate much further due to conflict issues.

c3pO4 · Post by **c3pO4** » Fri Oct 21, 2011 10:45 pm

Will these conflicts issues ever go away via legislation or something? Why does law have strict conflicts of interest rules but not business?

mrloblaw · Post by **mrloblaw** » Fri Oct 21, 2011 10:48 pm

c3pO4 wrote:Will these conflicts issues ever go away via legislation or something? Why does law have strict conflicts of interest rules but not business?

Given that attorney-client privilege is one of the staples of the legal profession, and Congress really has no interest in destroying legal professionalism solely to facilitate large firms, I doubt they'll be going away through legislation.

Why aren't there fewer, larger, law firms? Forum

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