After the “Partner Run”: The Dewey & LeBoeuf Diaspora
Reynolds Holding
DECEMBER 18, 2023
The nightmare for any law firm is a “partner run,” a domino-style collapse that can turn a temporary downturn into a liquidation in months. Reform efforts in the legal profession to open up law firms’ rigid governance structure could reduce partner run risk but could also open the profession to a host of new hazards.
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