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The Elastic Tournament: The Second Transformation Of The Big Law Firm, William D. Henderson, Marc Galanter
The Elastic Tournament: The Second Transformation Of The Big Law Firm, William D. Henderson, Marc Galanter
Articles by Maurer Faculty
In 1991, Galanter and Palay published 'Tournament of Lawyers: The Transformation of the Big Law Firm', which documented the regular and relentless growth of large U.S. law firms. The book advanced several structural and historical factors to explain these patterns, centering on the adoption of the promotion-to-partnership tournament. Systemic changes in the marketplace for corporate legal services in the intervening years suggest the need for an updated account of the modern large law firm. Using 'Tournament of Lawyers' as a starting point, we propose to fill this void in the literature. Marching through a wide array of empirical evidence covering …