Take a Hard Look at Global Megafirms

, The American Lawyer

The rise of large, high-quality, global corporate law departments started more than 20 years ago. It was aimed, in part, at breaking up the "monopolies" that firms had with corporations. Using a range of initiatives from requests for proposals to auctions, in-house counsel sought to end these cozy relationships and introduce a measure of competition into the firm-client dynamic. The mantra of "lawyers, not law firms" was uttered so often that it became a cliché.

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