Lawyers Giving Back, But Not the Way You Think

Law firm failures have become common, but Big Law failures remain unusual and cataclysmic. When Dewey & LeBoeuf failed earlier this year, it was big news despite a stream of partner departures that foreshadowed it. After the firm closed and bankruptcy and asset recovery specialists emerged, the liabilities loomed large.

http://www.forbes.com/sites/robertwood/2012/08/21/lawyers-giving-back-but-not-the-way-you-think/

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