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UNFORTUNATE (AND IRONIC) COMMENT AWARD
If Dewey & LeBeouf has so-called friends like its former partner John Altorelli…well, you know the rest. Altorelli’s recent comments to Am Law Daily include so many candidates for my Unfortunate...
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THE AGE-OLD PROBLEM OF AGE
When Kelley Drye recently settled the age discrimination complaint that the EEOC had filed on behalf of a seventy-nine-year old former equity partner, the focus turned to whether law firms could adopt...
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SPINNING DEWEY’S HEROES
Dewey & LeBoeuf’s latest designated savior is Martin J. Bienenstock. The NY Times says that he faces “perhaps the most challenging assignment of his career: the restructuring of his own law firm.”...
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DEWEY: WHEN PARTNERS AREN’T REALLY PARTNERS
Lost in the haze of battle over Dewey & LeBoeuf’s struggle is a remark that former chairman Steven H. Davis made in his March 22 Fortune magazine interview. That was Dewey’s first public relations...
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DEWEY: COLLATERAL DAMAGE
The vast failure of knowledge among the nation’s brightest law students remains remarkable. Their comments in the wake of Dewey & LeBoeuf’s stunning implosion make the point regrettably clear. Even...
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A PLUTOCRAT’S PITTANCE
Recently on ABC’s “This Week with George Stephanopoulos,” the usually thoughtful George Will practically jumped from his seat at the prospect that the interest rate on student loans might continue at...
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DEWEY: PROFILES IN SOMETHING
Some key players in the Dewey & LeBoeuf debacle are also among the profession’s leaders; that makes them role models. Some teach at law schools; that means they’re shaping tomorrow’s attorneys,...
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DEWEY’S MORTON PIERCE: ACCEPTING RESPONSIBILITY
This is the first in a series profiling Dewey & LeBoeuf’s former leaders. Morton Pierce (Yale University, B.A., 1970; University of Pennsylvania, J.D., 1974) is an appropriate place to begin...
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DEWEY’S MARTIN BIENENSTOCK: PARTNERSHIP, PROFESSIONALISM AND WHAT TO TELL THE...
This is the second in a series profiling Dewey & LeBoeuf’s former leaders. Martin Bienenstock (University of Pennsylvania, B.S., Wharton School, 1974; University of Michigan, J.D., 1977) was...
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DEWEY’S JEFFREY KESSLER: STARS IN THEIR EYES
This is the third in a series profiling Dewey & LeBoeuf’s former leaders. Apparently, Jeffrey Kessler (Columbia University, B.A., 1975; Columbia Law School, J.D., 1977) has become a prisoner of his...
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DEWEY’S RICHARD SHUTRAN — RUNNING THE NUMBERS
This is the fourth of a five-part series profiling Dewey & LeBoeuf’s former leaders. Richard Shutran (Trinity College, B.A., 1974; New York University, J.D., 1978) joined Dewey Ballantine in 1986...
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DEWEY’S L. CHARLES LANDGRAF: THE PLIGHT OF THE LOYAL COMPANY MAN
This is the last — for now — in a series profiling Dewey & LeBoeuf’s former leaders, especially its final four-man office of the chairman. L. Charles Landgraf (Rice University, B.A., 1975; New...
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UNFORTUNATE COMMENT AWARD
Apparently, some law school deans just don’t get it and never will. One of them, Dean Rudy Hasl of Thomas Jefferson School of Law in San Diego, wins my latest Unfortunate Comment Award with his remarks...
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IS IT REALLY MORE COMPLEX THAN GREED?
Revisionism is already obfuscating the story of Dewey & LeBoeuf’s demise. If facts get lost, the profession’s leaders will learn precious little from an important tragedy. For example, the day...
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BAD NUMBERS REVEALING WORSE TRENDS
By now, everyone interested in the job prospects for new lawyers has seen two recent headline items: – Nine months after graduation, only 55 percent of the class of 2011 had full-time, long-term jobs...
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THE NEXT DEBT CRISIS
One of the next big bubbles is educational debt. A recent article in The New York Times notes that it exceeds one trillion dollars — more than total consumer credit card debt. Meanwhile, according to...
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WHEN FACTS GET IN THE WAY
Facts should matter, especially to newspaper editors. On July 25, The Wall Street Journal based its lead editorial on a factually incorrect premise. I happened to notice the Journal’s error because I’m...
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BACK TO SCHOOL SPECIAL: LAW SCHOOL TUITION!
A recent article in The Wall Street Journal highlights the efforts of some law schools to generate applicants (and enroll students) in the declining legal market. The print version of the paper...
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BLOOMBERG LAW INTERVIEW
Last week, Bloomberg Law’s Lee Pacchia interviewed me on two topics that are frequent subjects of this blog. Two segments are now up and running on the Bloomberg Law channel. Here are the links: Law...
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LAW SCHOOLS AS PROFIT CENTERS
Recently, I wrote about law schools using merit scholarships to fill seats in their entering first-year classes. Economists would say that such price-cutting makes sense in a declining market for new...
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