Published on Apr 25, 2012 by bloomberglaw
April 25 (Bloomberg Law) — Businessweek writer Paul Barrett says the recent troubles at law firm Dewey & LeBoeuf are the leading edge of a “broad restructuring among some of the best known brand names in American law.” He tells Bloomberg Law’s Lee Pacchia that half a dozen big firms could find themselves in situations similar to Dewey in the next couple of years. The “move toward gigantism is part of the problem” facing the nation’s largest firms, which are coping with an oversupply of lawyers, he says.
