Law Firm Meltdowns A Boon For Lawyers' Counsel

Law360, New York (April 25, 2011, 3:58 PM EDT) -- The recent demise of law firms such as Howrey LLP has ushered in new opportunities for attorneys representing other lawyers and firms in disputes stemming from the collapses, experts say.

The wave of firm failures began with the 2003 implosion of Brobeck Phleger & Harrison LLP and exploded with the dissolution of other big-league players such as Coudert Brothers LLP, Heller Ehrman LLP, Thelen LLP and most recently Howrey LLP.

Collapses from just the past few years add up to more failures than in previous decades,...
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