Am Law 200 managing partners across the country are being asked the same question by their partners: Tell us why our firm is not like Dewey. For some law firm leaders, that’s an easy question. Their firm doesn’t have any long-term debt. It has a small percentage of lateral partners. It’s never had a big merger. The firm is transparent about finances and partner comp. If that sounds exactly like your firm, then read our compelling feature on Dewey’s demise—by senior writer Julie Triedman, senior reporter Brian Baxter, and staff reporter Sara Randazzo—purely for its historical value.
But if your firm doesn’t check those boxes, let’s look at why some of these factors are so important:
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