Managing partners question current business model

Students may need to develop more skills before they are taken on by law firms so that they are not seen as a cost burden by clients, according to managing partners in Australia who appear to be rethinking the law firm model.
Prefer the Global Legal Post on Google
Managing partners question current business model

Comments made in a recent survey by Eaton Capital Partners suggests that the leaders of law firms are fundamentally rethinking their mode of operation. One said: 'They have become too expensive in a cost sense and not valuable enough in a skill-set sense.' He added: 'Junior lawyers are going to need to develop a different set of skills from the past to find a new way of providing a new service to a law firm.'

Widespread view

Comments from other managing partners suggests a widespread view that clients are dissatisfied with the current model in which they can feel that they are bearing the cost of training students. Source: Lawyers Weekly

Email your news and story ideas to: [email protected]

The Global Legal Post

© 2026 The Global Legal Post. All Rights Reserved

Top