Sunday, April 23, 2017

How sustainable is elite law firms' competitive advantage? (Michael Simkovic)

Elisabeth de Fontenay at Duke argues that elite law firms' expertise in sophisticated corporate transactions is self-sustaining and resistant to competition.  This is in part because firms with that do the lions share of negotiation and drafting for specific kinds of transactions create, manage and retain private information about the current market for terms.

http://leiterlawschool.typepad.com/leiter/2017/04/how-sustainable-is-elite-law-firms-competitive-advantage-michael-simkovic.html

Guest Blogger: Michael Simkovic, Legal Profession, Of Academic Interest | Permalink