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DeathofGiantFirms 23 - 11 Jan 2010 - Main.IanSullivan
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| | | The marginal return to transactional work of an investment in legal education will certainly diminish. Ivy-educated lawyers will be only slightly more valuable, and much more costly, than graduates of third-tier schools, lawyers in India, and software.
But lawmaking, unlike transactional work, does not produce value that is easily measured and compared to the costs of production. When litigation creates a precedent, or when the lobbyist or appellant proposes to reform the law, it implicates the very existence of a stream of value for the indefinite future. It rallies powerful opposing interests. It is war by other means. War leads to arms races, and arms races get out of control. | | | -- AdamCarlis - 23 Jan 2008 | |
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< | I respond to Christina by saying two things. First, I agree that there is a branding market out there, and that name of where you went to school can open doors for you, but I agree with Adam that this need not always be so. So the question then becomes, what else (besides go to a top school) can we do to to insulate ourselves in job stability and happiness? I think that Eben hit the nail on the head when he said that the key is to learn to be 'flexible' and to be able to do a variety of different things for different clients. There is a great saying that I think expresses this well: "the more you can do, the more you can do". If the 'death of firms' occurs, the pedigree won't matter as much as what you can do for your clients. | >
> | I respond to Christina by saying two things. First, I agree that there is a branding market out there, and that name of where you went to school can open doors for you, but I agree with Adam that this need not always be so. So the question then becomes, what else (besides go to a top school) can we do to to insulate ourselves in job stability and happiness? I think that Eben hit the nail on the head when he said that the key is to learn to be 'flexible' and to be able to do a variety of different things for different clients. There is a great saying that I think expresses this well: "the more you can do, the more you can do". If the 'death of firms' occurs, the pedigree won't matter as much as what you can do for your clients. | | | -- JustinColannino - 23 Jan 2008 |
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