Traditional Law Firms Are Built for Partners, Not Clients
jkubicki · x · 2026-08-29
This discussion highlights that traditional law firms are primarily built for equity partners, not clients. The entire model is designed to protect and increase PPEP (Profit Per Equity Partner), with rate hikes based on firm needs rather than market rates. It references Norm Ai, which has secured investment and legal work from giant asset managers, suggesting AI legal tech may dent Big Law's market share.
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