ABA Journal


Law Firms

How appeasement and high partner guarantees led to Dewey’s downfall

Oct 8, 2013, 11:39 am CDT


Too many parasites, and the host organism goes down. It is an old story.

By B. McLeod on 2013 10 08, 3:30 pm CDT

"Yet Davis feared Dye and others who worked with him on insurance matters would leave, “leaving a gaping hole that might be impossible to fill,”"

Put another way, he was terrified that the attorneys *who actually knew what they were doing and were providing the actual services to the client" would walk out the door, so that the rainmakers would have to do real legal work for a change. The Horror . . . . The Horror . . . .

By Been There on 2013 10 08, 4:50 pm CDT

Dewey partners were average on a good day, terrible most others. Add the firms they moved to after the firm imploded to the list of losers.

By dewey down on 2013 10 12, 1:42 am CDT

I was an associate at one of the first big firm implosions. They each have their own details, but they all are about greed.

By StCheryl on 2013 10 12, 7:51 pm CDT

I like the fact that the founder of this law firm implosion was a “self trained lawyer” and that Washington didn’t even have a Bar Association until seven years after the firm was founded.

Oh my? No Bar Association? What do you call lawyers in a State with no Bar Association? “Self regulating.”

By Tom Youngjohn on 2013 10 12, 10:59 pm CDT

There's no way that any of these guys had 6+ million dollar books of business. How in the world can you get more comp than is in your book? That assumes a negative efficiency loss, unpossible.

I'm with 2. What's really scary to most of these guys is having to actually do legal work. It's funny that the less legal work you do, the more money you make. What a 'profession'.

By associate on 2013 10 17, 1:11 pm CDT

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