Status Addiction
At its best, the practice of law is a noble profession, preserving the rule of law and translating legal abstraction into real-life application. Accordingly, law firms see themselves as materially different from other businesses. Noble and special as they might be, though, law firms are businesses. And, in an increasingly competitive marketplace, law leaders need business expertise to run them successfully: wisdom from outside the legal echo chamber. But in order to put that wisdom to use,...