More Complex than Greed

, The Am Law Daily

   |3 Comments

Dewey & LeBoeuf's collapse has less to do with individual moral failings than with aging organizational structures that worked well in the past, but now inhibit law firms' ability to adapt to a changing legal marketplace.

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What's being said

  • Anonymous

    The old school model is not broken at all, what is broken is "law as a business". The top Wall Street firms with their lock-step model, up through the ranks partnership promotion and general shunning of laterals are doing better than ever and widening their lead over the firms that have abandoned this time tested model to try to run their firms like a "business".

  • Paul de Jonge

    Prof Henderson may have overlooked the effects of anonymous tendering of legal services for lump sum amounts whereby law firms must share a certain level of risks.

  • Paul de Jonge

    Prof Henderson may have overlooked the effects of anonymous tendering of legal services for lump sum amounts whereby law firms must share a certain level of risks.

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