Following up on my recent post on the matter, I had the opportunity to discuss the lessons other law firms can learn from the Dewey LeBoeuf collapse and indictments with Colin O’Keefe of LXBN. In the video interview (click here), I explain what law firms can take away from the situation and
Dewey Indictments: A Tale of Leadership Collapse
A lot has been written about the indictments handed down against the former Dewey leadership. To review, they are accused of manipulating the Dewey books and falsely representing Dewey’s financial condition, presumably for the purpose of keeping the Dewey ship afloat when it started taking on water in 2008. Unfortunately for these former leaders and
Dewey Indictments: A Lesson to be Learned
Last week’s indictments of four individuals formerly involved in Dewey LeBoeuf’s management reverberated through the legal industry. The reactions were varied. Some commentators surmised that the indicted were destined to such fate given the spectacular demise of Dewey. Others noted that the indictments were different since the alleged perpetrators gained no financial reward but
Closing the Troubled Law Firm: When is it Time to Say When?
History is littered with failed law firms. Dewey, Howrey, Thelen and most recently, the Canadian law firm Heenan Blaikie, succumbed for various reasons. In the case of most of these failed law firms, the decision to cease as a going concern was largely reactive as they fell apart at the seams. While
Heenan Blaikie: “There but for the grace of God, go I” –John Bradford
Last week’s decision by major Canadian law firm Heenan Blaikie to dissolve received a lot of coverage in the Canadian press as well as among legal commentators. Yet discounting its demise as being peculiarly Canadian is unwise. The market and competitive dynamics that contribute to a Canadian law firm’s success or failure are very similar
What is a Law Firm in Transition
The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life. — Steve Jobs
Welcome to our blog – Managing Law Firm Transition – Thoughts on Leading High Consequence Change.
There is no denying that the legal profession is in a tremendous state of flux. The press and blogosphere are rife with news.
Like most everyone else, we appreciate the news but news isn’t what this blog is going to be about. Our objective is to provide insights and generate dialogue that will be of value to law firms in transition.
To that end, we start with how we define a law firm in transition. There are firms that are:
Continue Reading What is a Law Firm in Transition