"Always do what you say you're going to do, when you say you'll do it. Integrity, honesty—those are everything," said Smolik, who's been chief legal officer of DHL Supply Chain Americas since 2009.
Researchers determined that visible technology sector disruptions represent only 2.2% of total wage exposure and that the far larger threat lies in routine administrative, financial and professional service functions that have received less public attention.
The pandemic and the Trump administration's attack on law firms showed Big Law that economic conditions aren't the only major factors to consider in future-proofing their firms.
Spurred by higher partner productivity and a more private equity-focused practice mix, among other factors, elite law firms' performance is further separating from the rest of the Am Law 50 performance, according to Wells Fargo data.
"Focus on mastering your craft—your practice area—first. Stay open to learning new skills that go beyond the 'mere' practice of law, such as understanding law firm economics, client development, and interviewing for recruiting."
The private equity-backed MSO model is being spoken about with greater frequency, but if it takes off, the results could be quite unexpected, argues The Global Lawyer.