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Latest Insights from The Mad Clientist

85% of Clients Aren’t Exactly Sure Who is in Charge of Their Law Firm Relationship

| The Mad Clientist | No Comments
Remember the childhood game where one person leaves the room, a secret leader is chosen, and everyone imitates their moves while the “detective” tries to guess who’s running the show? Fun when you’re eight. Alarming when you’re a corporate counsel staring at a half-dozen partners billing on the same matter.…

The Great BD Divide: 1,000 Leaders on Why Law Firm Spending is Skyrocketing

| The Mad Clientist | No Comments
It’s either a dream come true – or a warning sign. Law firms are going all in on business development. Not tweaks. Not encouragement. But all in with real money. Everyone wants growth, a premium rate, and the profits to go with it. We asked more than 1,000 law firm…

The Lateral Partner Arms Race Just Went Nuclear – Thank Sullivan & Cromwell

| The Mad Clientist | No Comments
Almost no one understands why firms keep hiring lateral partners – except the people running them. On paper, it looks like a bad bet. Laterals have, at best, a 50% success rate. They can dilute morale, alienate "homegrown" talent, and cost a fortune in guarantees. But behind closed doors, the…

Clients All But Abandon RFPs: Here’s What’s Next

| The Mad Clientist | No Comments
It’s a scramble for clients. Clients are cutting way back on issuing RFPs. As one corporate counsel put it: “It’s about as efficient as a dating app – maybe less so.” Clients aren’t swiping right on RFPs because: Clients have more new and novel matters than anyone can remember Fresh…
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