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Alarm bells began to sound at Boston's Testa, Hurwitz & Thibeault almost four years ago. But most partners at the firm ignored them -- until too late. Beset by a decrease in IPO and venture work, the death of founder and chairman Richard Testa, and a struggle to transform itself amidst a changing legal market, the 250-lawyer firm finally voted to dissolve in January. Are other law firms oblivious to conditions that can cause a premature demise?
March 03, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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