Why Aren’t Law Firms Bought & Sold?

One thing you can count on when two law firms merge is that neither one buys the other.  I use “buy” in its simple and core sense: Nothing is obtained in exchange for payment. No cash changes hands; no stock is exchanged, no assets are purchased or...

It’s [Not] The Economy, Stupid

It can be easy to remember the past Golden Era for BigLaw: Say, the decade preceding the 2008 Great Financial Meltdown.  And you would not be wrong to recall it that way.  No indulgence in nostalgia is required; that decade constituted an unheard-of run of economic...
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