A well-known general counsel is recommending that law firms act more like businesses in the modern era.
Daniel Desjardins, the general counsel for Bombardier Inc., advises law firms to continuously seek ways to improve their operations and even tells them to ask their clients for advice on how to better run a business.
He said, traditionally, law firms have not viewed themselves as businesses and need to do so more in the future.
Desjardins wrote an open letter on the Association of Corporate Counsel’s web site, saying in-house counsel often face similar challenges to law firms when it comes to business, like hiring and keeping quality employees, strong financial discipline, carrying out strategic plans and keeping customers satisfied.
Our question for you: Do you agree that in-house counsel face similar challenges to law firms when learning how to deal with business?