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<b>Op-Ed:</b> The Year of the Dinosaur: Being Oblivious to the Obvious

By ALM Staff | Law Journal Newsletters |
February 28, 2006

What's in a name? Apparently nothing! Over the past several months, we have seen many top rainmakers leave firms that are considered to be the “creme de la creme” of the profession for “greener” pastures and assurances that they can continue to practice law, keep their clients and remain viable. There is no surprise to this trend that can be summed us as follows: Money talks and, in some cases, mandatory retirement walks.

What makes this trend all the more interesting is the fact that coupled with these departures is a sense that the firms from which the partners are leaving seem to be oblivious to the obvious: You, and you know who you are, have become irrelevant and for lack of better terminology ' You are a dinosaur! These are the firms that once were the bastions of greatness; where every young law student vied for a position as a summer associate and with any luck a permanent position with the “chance” to capture that brass ring and become a partner; and where just uttering the name of the firm conjured up … ah yes … “being among the elite.” Not anymore. These firms who relish in Chippendale furniture, important art, Bokara rugs and spiral staircases are now looking at the prospect of having to face up to the fact that they need something more than a name to keep people engaged.

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