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Legal News

: Legal Blog Watch

Law Firms Not Serious About Change, Say CLOs

By Carolyn Elefant

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Law firms may be cutting salaries or creating apprentice programs, but are they really serious about change? Only 5 percent of chief legal officers at corporations believe that firms are committed to innovation, according to a new survey by Altman Weil, reports Larry Bodine. The vast majority of CLOs see these new measures as a stop-gap approach to keep revenues from flowing out, instead of representative of serious change. Bodine writes: A full 75% rated law firms between zero and 4 on the scale, indicating little or no interest in change. ?This is a dramatic vote of no confidence from...

Full post as published by Legal Blog Watch on June 30, 2009 (boomark / email).

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