No law firm collapse has left a more indelible mark on the legal profession than the spectacular failure of Dewey & LeBoeuf.
Pension Plans Changes: Will Retiring Partners Shoulder the Risk?
For some firms in the Great Recession, reduced revenues combined with the overwhelming pressure from multimillion-dollar pension liabilities — a holdover from the days when pensions were simply a promise firms made to retiring partners — were too much to bear. But with the Great Recession now a decade in the past and another recession brewing, has the industry learned from its mistakes?
By
Dylan Jackson
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