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How the mighty fall (access required)

Attorney and author Michael Trotter talks to Lawyers Weekly about why big-firm economics go wrong

The national media is agog these days over the very public implosion of another high-flying law firm, New York’s Dewey & LeBoeuf. At last count, at least 75 of the firm’s 300 partners have departed since January. And the firm has now told the rest to start looking for new jobs, while the Manhattan district attorney’s office has opened an investigation into the handling of the firm’s finances by ousted chairman Steven Davis. Though uncommon, Dewey’s demise is not unprecedented.

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