K&L Breaks Industry Ranks With Detailed Financial Report

Law360, New York (February 21, 2013, 7:07 PM EST) -- K&L Gates LLP broke ranks with other major law firms on Thursday by publishing detailed financial figures, citing a need for transparency in the wake of the demise of Dewey & LeBoeuf LLP and saying it was "embarrassed" to be in the same industry as the now-defunct megafirm.

The report gives a far more nuanced look at the books of the Pittsburgh-based firm than is typically made available, and comes as firm finances are under sharp scrutiny since the Dewey bankruptcy in May 2012.

In the...
To view the full article, register now.