File this under better late than never:  The New York
Times
has finally covered the
Coudert meltdown, with a tale that aptly captures the romantic,
idealistic, and ever so slightly out of touch with reality aura
of the firm at its best and yes, at its worst: 

“As an aesthetic experience, as pure lawyering, it was a great place,” said Henry Horbaczewski, who left the firm in 1986 and who, as general counsel for Reed Elsevier’s American operations, hired Coudert. “It’s really sad to see that that doesn’t translate into a viable business.”

Doesn’t or can’t? is the question.  Forgive
the idealist in me, but Coudert could have made it given different
management choices and even a small dose of greater realism.  Billing
for two years of past work all at once?  Not exactly "best
practices."  A storied firm.

[Frederick R. Coudert, son of the founder (undated)]

 

Related Articles

Email Delivery

Get Our Latest Articles Delivered to your inbox +
X

Sign-up for the Insider’s Email

Be the first to learn of Adam Smith, Esq. invitation-only events, surveys, and reports.





Get Our Latest Articles Delivered to Your Inbox

Like having coffee with Adam Smith, Esq. in the morning (coffee not included).

Oops, we need this information
Oops, we need this information
Oops, we need this information

Thanks and a hearty virtual handshake from the team at Adam Smith, Esq.; we’re glad you opted to hear from us.

What you can expect from us:

  • an email whenever we publish a new article;
  • respect and affection for our loyal readers. This means we’ll exercise the strictest discretion with your contact info; we will never release it outside our firm under any circumstances, not for love and not for money. And we ourselves will email you about a new article and only about a new article.

Welcome onboard! If you like what you read, tell your friends, and if you don’t, tell us.

PS: You know where to find us so we invite you to make this a two-way conversation; if you have an idea or suggestion for something you’d like us to discuss, drop it in our inbox. No promises that we’ll write about it, but we will faithfully promise to read your thoughts carefully.