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Era of great expectations for BigLaw ended with bankruptcy of Howrey, Dewey and others, say experts

May 3, 2013, 02:53 pm CDT

Comments

No! No! All is well! We've turned the corner and Big Law is GREAT, so sayeth various law school deans and anonymous board trolls...

By Bob on 2013 05 03, 3:03 pm CDT

Going to be a lot of firms pissed at that list of survivors. Only Wachtel seems to belong, and it's in a category of its own. Looks like the Bloomberg author took the list from Steve Harper, so no surprise. The underlying article pretty much repeats what everyone already knew: that Howery was badly run. It ignores the global practice topic altogether. The "demise of Biglaw" literature" is beginning to look like Circuit Courts of Appeals decisions on a new issue. The first Court to discuss the issue takes a position and every Court after that just adopts it. So much for the benefits of federalism.

By Pushkin on 2013 05 03, 3:19 pm CDT

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