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&lt;span style=&quot;FONT-WEIGHT: normal; mso-bidi-font-weight: bold&quot;&gt;&lt;/span&gt;&lt;?xml:namespace prefix=&quot;o&quot; ns=&quot;urn:schemas-microsoft-com:office:office&quot;?&gt;&lt;o:p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;Last month, David Morley, the worldwide senior partner at&amp;nbsp; Allen &amp;amp; Overy, played soothsayer for &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;The Lawyer&lt;/i&gt;&lt;/i&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Morley made some&amp;nbsp;bold (and highly specific) predictions about the direction of the global legal industry.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Among them:&lt;/p&gt;&lt;p&gt;&lt;strong&gt;By 2013&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&amp;#8226; A seemingly unbridgeable gap has opened up between a global elite of six firms (A&amp;amp;O, Linklaters, Freshfields, CC, Skadden and Latham) and the rest based on scale, geographic reach and focus on high-end work. Other firms thrive and compete with different business models but these six are market leaders. &lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/p&gt;&lt;p&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&amp;#8226; Most of the global elite have developed captive legal outsourcing operations in South Africa, New Zealand, India or Australia, and other business methods for delivering high quality, lower cost work to very large relationship clients.&lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/p&gt;&lt;p&gt;&lt;span style=&quot;FONT-WEIGHT: normal; mso-bidi-font-weight: bold&quot;&gt;I would argue that these aren&amp;#8217;t separate developments, but complementary aspects of a single, broader trend toward consolidation.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;In any event, these predictions, if borne out, would be negative developments for those students at non-elite law schools&amp;nbsp;who aspire to work for firms.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style=&quot;FONT-WEIGHT: normal; mso-bidi-font-weight: bold&quot;&gt;But perhaps these students can take solace in Morley&amp;#8217;s obvious (in retrospect) shortcomings as a prognosticator. The piece was published on Friday September 12, 2008.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Nowhere does Morley predict &amp;#8220;Lehman will file Chapter 11 &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;on Monday&lt;/i&gt;!&amp;#8221; &lt;/span&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; -posted by brian&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&lt;img height=&quot;86&quot; src=&quot;http://tbn0.google.com/images?q=tbn:bgQHu_lmw5JSSM:http://www.thelmagazine.com/lmag_blog/files/Images/Bill_Crystal_Ball8.JPG&quot; width=&quot;70&quot;&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;This is not a picture of A&amp;amp;O&#39;s David Morley&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;/o:p&gt;&amp;nbsp;&lt;p&gt;

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