Quote I mean, a few decades ago people would've said the same thing about the idea that gargantuan auto companies are not eternal.Yes, because GM has been replaced by mom and pop auto manufacturers. My point is that the nature of certain practice areas is that they require the resources a large firm can provide. Individual auto companies are certainly not eternal, but the nature of manufacturing cars is that it requires a very large company to do economically. I'm not saying the Cravath model will exist for evermore. All I'm saying is that as long as there are fortune 500 companies and billion dollar mergers there will be biglaw in some shape or form.
I mean, a few decades ago people would've said the same thing about the idea that gargantuan auto companies are not eternal.
I'd like to see shareholders revolt against the companies they own and question why these companies retain biglaw firms that charge 3 or 4 times as much as a smaller boutique firms, especially in times of economic trouble when those costs can be cut.