Law Firms: Too Smart to Fail?

Biglaw has seen some epic law firm flame-outs over the past few years – but apparently the problem was not a lack of legal smarts:

“Few law firms have failed because they were made up of lousy lawyers. In fact, bad lawyering is rarely the cause of a law firm folding, according to University of California at Hastings College of the Law chancellor and dean Frank Wu.”

Read: Lawyers in failed firms overestimated the importance of being smart, law dean says at the American Bar Association

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