Partnership and Professionalism in Global Law Firms: Resurgent Professionalism?

John Flood

Chapter 3 in Redirections in the Study of Expert Labour, 2008, pp 52-74 from Palgrave Macmillan

Abstract: Abstract There is a tension between the values of professionalism and of business in law, which, although it has been present for a long time, has taken a new turn with globalisation. Professionalism is undergoing a crisis of confidence as the state is intervening more in the regulation of the legal profession and the nature of legal work is becoming more mechanised and commodified. While the practice of law has traditionally been organised around the concept of partnership, often combined with some form of charismatic authority, partnership, as opposed to corporate structures, is now being stretched to its limit as a coherent form of governance in professional service firms. We may instead legitimately state the ‘industrialisation’ of legal practice is emerging (Bierman and Gely, 2003: 970).

Keywords: Legal Profession; Hostile Takeover; Legal Work; Poison Pill; Professional Service Firm (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59282-7_3

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DOI: 10.1057/9780230592827_3

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