Bodhala IQ

Big Law Is Changing In Big Ways

Wall Street Journal: Being a Law Firm Partner Was Once a Job for Life. That Culture Is All but Dead.

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Leaning heavily on Bodhala data that exposed trends around law firm rates and accelerating shifts in law firm partnership models, the Wall Street Journal published an analysis highlighting the rapid weakening of partnership at Big Law firms. It’s been replaced by a culture where, in the WSJ’s words, “data and money rule” above everything else.

 

In the article, republished here in PDF form with permission, you'll learn about this “new normal” where Big Law partners are constantly pushed toward revenue maximization as the predominant driver of the attorney/client relationship – much like a doctor being judged on how many patients she can see in a day.

After Reading The Article:

  • We invite you to learn about our one-of-a-kind AI-backed platform
  • Bodhala’s insights help arm our clients with their own data and tools to better understand and, when needed, combat the downsides of this new dynamic in the legal service market
  • Find out how forward-thinking corporate legal departments are already using Bodhala to optimize millions in legal spending

ABOUT BODHALA

Bodhala is a groundbreaking legal technology platform created by lawyers to transform the half-a-trillion dollar global legal industry. Our platform refines organizational processes by empowering your legal team with deeper insights that allow you to better analyze, interpret and optimize outside counsel spend, trailblazing a new era of legal market intelligence. We’re built on data – and how we develop it, how we utilize it and how we analyze it for the benefit of our customers sets us apart. Our proprietary benchmarking metrics and rate review algorithms generate detailed insights into every aspect of legal spend. An intuitive dashboard puts the information you need to make more cost-effective decisions about legal service providers at your fingertips, effectively boosting efficiency and reducing your bottom line.