I’ve been thinking a lot about the “end of days” for the traditional legal services provider – partnership law firms.
And I can already hear you grumbling. “How can there be an “end of days” for the current model of law firms? And don’t give us any of that, ‘UK Legal Services Act will change the world,’ crap. Kowalski, you’re crazy.”
Perhaps, but hear me out.
The partnership model of law firms is doomed to fail because of what Mancur Olson calls the collective action dilemma. Collective action dilemma occurs when you have a group of people all acting in . . . [more]