[sunmars]

Even the lawyers are going bust. Had not seen this reported anywhere. Did any of you?

[Izzy Dunne]

Yes, the laws of economics apply to you, too.

[Truth29]

CNBC has mentioned it several times, but not an in depth segment.

[Mouton]

Someone better get in there and put their arms around the client escrow and trust accounts...or what is left of them.

I can see those clowns scurrying about now like roaches leaving a room when the lights go on.

Our educational system mints attorneys, other countries mint engineers. The term “run it by legal” has become the new go code in business now.

[Tainan]

Soon to emerge from re-organization as -->"Dewey, Cheatem & Howe"

[Yo-Yo]

Dewey, Cheatham, and Howe?

[tflabo]

Silky Pony may soon be free to work cheap. Couldn’t they have waited one more week at least before going bust?

[USMCPOP]

“...precipitous resignation of over 160 of the firm’s 300 partners...”

Gives me the image of slime oozing out.

[Psycho_Bunny]

That’s going to be the most pedantic bankruptcy ever.

[Gay State Conservative]

If only those slimey lawyers who advertise on TV “were you injured by Wrigley chewing gum?” would go broke.Filthy bunch of John Edwardses.

[liberalh8ter]

But the firm was eventually undone by a combination of the economic downturn, excessive compensation and governance problems, according to former partners and others in the industry. In particular, Dewey's management promised millions in packages to about 100 partners, according to the court filing, leaving it strapped for cash

Sounds like the Government and its Union friends.

[NonValueAdded]

In particular, Dewey's management promised millions in packages to about 100 partners, according to the court filing, leaving it strapped for cash when revenues fell during the recession.

Simply the 1% version of the union pension & benefits overloading.

[Nervous Tick]

The crippled law firm Dewey & Leboeuf

Someone crippled them? Why, they oughtta sue the bastid!

John Edwards, call your office (when you get out of prison)!

[VanDeKoik]

One law firm down, 10000000 to go!

[Leep]

Instead of declaring Chapter 11 why didn’t they hold out for a “to big to fail” g’mint bailout.
I thought it was the new socialist American way?

[bray]

At least there is some good news in this downturn.

Pray for America

[NU Huskie In ME]

The Great One had a chance to step in and “save” the company. Oh, wait, there are no union members here. Never mind.

[dfwgator]

A good start.

[tomkat]

.. a number of former partners have already retained lawyers ..

Talk about yer CF of epic proportions !

< /tears >

< lol >

[tomkat]

.. a number of former partners have already retained lawyers ..

Talk about yer CF of epic proportions !

< /tears >

< lol >

[Gritty]