Bruce MacEwen, a friend of InhouseBlog and the publisher of Adam Smith, Esq., reports on the demise of Coudert Brothers, LLP, a 150+ year old firm. His take:
"The firm’s demise strikes me as exceedingly unnecessary—given the long perspective—but essentially inevitable, on the short perspective. And sometimes the short run gets you, as vicious (and virtuous, but that’s for another day) cycles are real. Rumors begin to swirl, people are distracted, revenue and profits decline, partners decamp, clients follow or at least worry, more partners decamp, recruiting becomes impossible, poaching of entire practice groups and offices accelerates: I needn’t say more."
Link: Adam Smith, Esq.: Coudert, RIP.
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