The Lawyer Bubble by Steven J. Harper

Author:Steven J. Harper [Harper, Steven J.]
Language: eng
Format: epub
ISBN: 9780465058747
Publisher: Basic Books

THE DEMISE OF HOWREY previewed an even more momentous law firm collapse. But big firms’ leaders dismissed Howrey’s fate as irrelevant to their firms; pernicious and pervasive trends continued unabated. Meanwhile, a powerhouse Wall Street institution began to stumble on its way to an infamous fall.

CHAPTER 8

DEWEY & LEBOEUF:

A CASE STUDY

If the direction we’re taking the firm in was somehow disapproved of,

then the reality is that there ought to be a change in management.

But I don’t sense that.

—Dewey & LeBoeuf chair Steven H. Davis on March 22, 2012,

two months before the firm filed for bankruptcy

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