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Leadership in Law: What Causes a Big Firm to Implode?
By now, we've all heard of the demise of Dewey LeBoeuf, the several-year-old combination of Dewey Ballantine and LeBoeuf Lamb Green & MacRae. Earlier this year, over the course of several months, various actions taken by the firm's partners, past partners, creditors and bankers led to a dissolution and bankruptcy filing with no prospect of revival. Yes, large law firm lawyers earn a lot of money, and yes the market currently has an oversupply of large law firm lawyers, but it's nonetheless extraordinarily sad when law firms implode.
Curiously, I've discussed this episode many times in recent months with large law firm lawyers, and while all feel badly for their comrades, almost without exception all feel their own firm is uniquely situated, collegial and immune from the sorts of things that led to Dewey's demise. Sadly, this isn't true. So what are the likely and repeatable root causes of such a debacle that other law firms should monitor?
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.