Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Free Newsletter Sign Up

Big Law’s Addiction to ‘Prestige’ Numbed by Pandemic (Podcast)

Oct. 19, 2021, 7:47 PM

For his 100th column for Bloomberg Law, Roy Strom looked back at the seismic changes that have taken place in the legal industry during the pandemic. He says the pandemic has shown many of the country’s biggest law firms that there is much more to Big Law than chasing prestige.

Law firms are now opening satellite offices in Salt Lake City and Austin, Texas. And we’ve seen Big Law continue to move away from lockstep compensation, which many in the industry now consider an anachronism. Additionally, the mindset of prizing revenue above all else is starting to fade as well.

Roy Strom joins this week’s episode of On The Merits to talk about Big Law two years later.

Have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.

Listen and subscribe to On The Merits on Apple Podcasts, Google Podcasts, Audible, or Spotify.

To contact the reporter on this story: David Schultz in Washington at

To contact the editors responsible for this story: Josh Block at; Cheryl Saenz at

To read more articles log in.

Learn more about a Bloomberg Law subscription.