Growth of mega-law firms

I was asked by a reporter from an Eastern newspaper today why large law firms are seeking to get larger? An interesting question, one I answer from the perspective of history. I remember ITT (International Telephone and Telegraph Co.), with Harold Geneen as CEO. At the time, it seemed as though there would remain only four corporations in the world, GM, GE, IBM and ITT. Of the four, only GE has an unblemished record of growth; IBM almost died but has regenerated itself and is mentioned as a

… That service providers for these growing companies must grow to match the needs of their customers and counterparts. This movement is not new. In the 1920s and 1930s, both companies and labor unions were small. As companies grew, their labor unions had to grow as well in order to have any

Categorized in: Management