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DavidLat's profile
David Lat
David Lat
David Lat
Verified account
@DavidLat

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David LatVerified account

@DavidLat

Lawyer turned writer, editor, and speaker. Founder, Above The Law (@ATLblog) and Underneath Their Robes. Author, Supreme Ambitions: A Novel (@SCOTUSambitions).

New York, NY
bit.ly/DavidLat
Joined April 2008

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    1. Josh Block‏Verified account @JoshBlockNYC Aug 16

      If you were going to rank the greatest NYC law firm collapses. Top two must be Dewey & LeBoeuf and Finley, Kumble, right? Where does (President Nixon's firm) Mudge Rose fit in? Top 5? Who else is in the top 5? Cc: @DavidLat @victorli2000 @EdAdams NYT 10/95https://www.nytimes.com/1995/10/01/nyregion/the-mudge-rose-firm-enters-the-tar-pit-of-legal-history.html …

      2 replies 0 retweets 1 like
      David Lat‏Verified account @DavidLat Aug 16
      Replying to @JoshBlockNYC @victorli2000 @EdAdams

      The article is an interesting read; it's striking how similar the reasons for collapse are from firm to firm and over long periods of time - much of the Mudge Rose language could be applied verbatim to Dewey.

      12:49 PM - 16 Aug 2018
      • 2 Likes
      • Josh Block Patrick Gregory
      1 reply 0 retweets 2 likes
        1. New conversation
        2. Josh Block‏Verified account @JoshBlockNYC Aug 16
          Replying to @DavidLat @victorli2000 @EdAdams

          It's like Mad Libs for law firm collapses. Right down to the law firm consultant quote. Have to tag @peterlattman here too.pic.twitter.com/GchbpD8Qks

          1 reply 0 retweets 3 likes
        3. Victor Li‏ @victorli2000 Aug 16
          Replying to @JoshBlockNYC @DavidLat and

          I interviewed Zoeller for my book (he’s a gentleman, btw) and he reiterated what he said about how money papers over a firm’s cracks but when things get bad, you realize, quickly, who you can rely on.

          1 reply 0 retweets 1 like
        4. Edward Adams‏ @EdAdams Aug 16
          Replying to @victorli2000 @JoshBlockNYC and

          Sorry I'm late to this discussion. I think you'd have to rate Finley Kumble as the most shocking collapse. The nation's 4th largest firm, famous for paying bounties to lateral partners, collapses in a river of debt and recriminations. It marked the end of the go-go 80s in law.

          1 reply 0 retweets 2 likes
        5. Victor Li‏ @victorli2000 Aug 17
          Replying to @EdAdams @JoshBlockNYC and

          More surprising than Dewey?

          2 replies 0 retweets 1 like
        6. David Lat‏Verified account @DavidLat Aug 17
          Replying to @victorli2000 @EdAdams and

          Perhaps. I wasn't following law firms back in 1987 (I wasn't THAT huge a nerd), but Finley Kumble was Am Law top 10 (and the highest Dewey ever got was #22, I think): http://bit.ly/2OJFQrJ  (by @JosephPatrice re: inaugural @AmericanLawyer rankings).

          1 reply 0 retweets 0 likes
        7. Victor Li‏ @victorli2000 Aug 17
          Replying to @DavidLat @EdAdams and

          That's fair. I asked that because Dewey seemed so shocking to me because I lived through it (I didn't know what a law firm was in 1987). The inflated numbers they gave to us for the Am Laws didn't help.

          0 replies 0 retweets 1 like
        8. End of conversation

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