Abstract: Large law firms patterned on the Anglo-American model can now be found in most major commercial centers around the world. Yet, at the very time that mode of the production of law is spreading around the world, the traditional ‘Cravath System’ upon which the Anglo-American model is based is increasingly under pressure, both by sophisticated clients demanding ‘more for less,’ and by a range of alternative providers offering competing services at the intersection of law, technology, project management, and other professional expertise. This article seeks to explain this paradox and posits some alternative futures for large law firms in the new ‘global age of more for less.’