Dennis Kennedy

Hildebrandt International has released its 2003 Client Advisory, an excellent summary of the current state of the legal profession. A few notable quotes that may resonate at some firms: "In difficult times you should suppress the urge to grab at random opportunities inconsistent with your firm’s long-term strategy." "Even institutional knowledge quickly becomes dated and worthless if the professionals aren’t constantly updating and enriching it. When clients or professionals lose confidence and begin to depart, no professional services firm can escape decline -- and ultimately dissolution -- if the situation isn’t somehow reversed." Required reading for those in big firms, clients of big firms and competitors of big firms. The weekly Hildebrandt e-mail newsletter is also a good resource on large law firm developments.