Prof. Brian Leiter of the University of Chicago Law School is one of the foremost observers and commentators on law schools. His blog is worth following for a number of reasons, but this post in particular speculates on the future of the big law firm world. In the comments, you’ll note the observations of one of the foremost commentators on the law firm world, Prof. William Henderson of the Maurer School of Law at Indiana University Bloomington. He predicts a permanent restructuring of the large law firms, and a concomitant rise in fortunes for regional firms. This is good news for students headed to the regional law schools that fill the regional firms.