Wednesday 9 May 2012

Downfall of Dewey & LeBoeuf: What if the smartest guys in the room aren't!....by Michael Haltman at The Political Commentator

Even for some of the top paid lawyers in the world at one of the most prestigious firms, poor business practices and overextending on credit can and did lead to the downfall of a practice. 

Isn't it ironic that some of the "best minds" in the legal profession were really not much different than anyone else who took on too much debt and made long-term commitments when at the same time the money coming in to pay those obligations was somewhat uncertain and not guaranteed.

In either case, when the foundation begins to crack the outcome will most likely be the same!

Read the story of the downfall of one of the most prestigious law firms in the world at The Political Commentator here.

1 comment:

PacRim Jim said...

Which is why they call it a practice.