July 01, 2012

What Lessons Can Small Firms Learn From the Recent Bankruptcy of Dewey & LeBoeuf?

Richard Schenkar
  • Foster a firm culture that thrives on efficiency.
  • Relate compensation to productivity.

Dewey & LeBoeuf is a New York-based law firm with worldwide connections that filed for bankruptcy on May 28, 2012, with approximately $315 million owed to more than 5,000 creditors and with $13 million in cash and $255 million in accounts receivable.

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