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Full-Text Articles in Law
On Shared Human Capital, Promotion Tournaments, And Exponential Law Firm Growth (Book Review), Vincent R. Johnson
On Shared Human Capital, Promotion Tournaments, And Exponential Law Firm Growth (Book Review), Vincent R. Johnson
Faculty Articles
Tournament of Lawyers: The Transformation of the Big Law Firm is part of the scholarly literature that seeks to understand the ongoing metamorphosis of the American legal profession. Authors Marc Galanter and Thomas Palay’s basic argument is that traditional law firm promotion practices make growth in firm size inevitable and such growth is linked to many recent developments. These developments include increased lateral hiring, the creation of tiered partnerships, and the collapse of entire firms. The exponential character of law firm growth means that inevitable structural modifications will be greater than in years past. At the same time, greater dissemination …