Big Law and a Regulated Profession: What Next?

If you've been lying awake at night, like we have, wondering about the condition of the legal profession and its future, SBM has some suggested reading material: "From Ethics to Regulation: The Re-Organization and Re-Professionalization of Large Law Firms in the 21st Century".  "The legal profession has redefined its professional character from that of autonomous producers to employed lawyers who now exercise discretion within tightly constrained corporate limits. This is paralleled by the move away from individualistic codes of conduct towards entity-based regulation."  Here's the SSRN link. Sleep well.