Is Your Outside Counsel the Next Dewey?

Is your outside counsel the next Dewey?

The question “who is the next Dewey?” comes up a lot these days. Because most law firm financial information isn’t public, that’s not an easy guess to make. But it’s no exaggeration to say there are a number of firms effectively playing a form of “Dewey Roulette” – distributing more than 100 percent of the cash they generate to partners and not investing in their capacity to create greater profits in the future.

[via Is Your Firm Playing ‘Dewey Roulette’? – ABA Journal.]

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