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 …
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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
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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.
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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.
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More surprising than Dewey?
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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). -
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.
End of conversation
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