Moneyball in Law Firms

Moneyball is moving onto another major-league diamond: Big Law, where law firm chiefs—under pressure from clients to cut costs—are re-engineering law firm management, much as the Oakland Athletics’ Billy Beane did for baseball.

Exploding salaries, frequent roster changes and emphasis on short-term performance in a tight economy are just some of the sports-world realities confronting the legal industry.

via Crain’s Chicago Business.

Couldn’t happen to a more well deserving bunch of people.

I’ve worked as in-house counsel for a couple of companies and lawyers understanding NOTHING about business.  They don’t understand cash flow, human resources, receivables, etc.  It’s amazing that big law has survived as long as it has.

Big law is dying.  Everyone will be better off as a result.