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Should Big Trouble For Big Banks Generate Big Legal Bills? Not Necessarily

Two observers of the legal industry argue that when it comes to legal spending, sometimes less is more.

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[T]he solution to the knot [of complex legal problems] has been to add more string. Simply adding more lawyers and compliance professionals will only create far worse, more complicated and more costly problems.

— Geoffrey A. Moore, author of the bestselling Crossing the Chasm (affiliate link) and other books, and Mark Harris, CEO of Axiom, in an interesting DealBook piece about the need to rethink the current model for delivery of legal services.

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