Failed Firms Lose Market Share In Final Years, Study Indicates

Law360, New York (April 30, 2012, 11:21 PM EDT) -- Almost all major law firms that have gone bust in the past decade steadily lost market share in their final years and earned below-average profits per attorney, according to a study by BTI Consulting Group — a toxic combination most recently displayed in struggling Dewey & LeBoeuf LLP.

Wellesley, Mass.-based BTI examined the 10 major law firm dissolutions in the past decade — including those of Howrey LLP, Thelen LLP and Brobeck Phleger & Harrison LLP — and found that nine were steadily losing market share...
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