Biglaw CEO Predicts Shrinking Law Departments

In addition to predicting the “death” of certain traditional law firms, the CEO of Greenberg Traurig also predicts that the “ballooning” of law department size will reverse as companies are in their own businesses – not the “legal business”.   Check out the video at Bloomberg BNA:

“We are in a window of change right now. There are certain traditional firms that will die,” said Richard Rosenbaum, CEO of Greenberg Traurig. In the fourth video of our interview series, Rosenbaum tells us about the legal market as it is today, focusing on the inability of most law firms to change, the threat to the traditional, elite firms, and the “trend” of “general counsels feeling both pressure and empowerment to change.””

Read: Certain Law Firms Will Die, Says Big Law CEO at Bloomberg BNA Business of Law

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