Thursday, May 3, 2012

Mega Firms Are Not Too Big to Fail


The implosion of Dewey & LeBoeuf (“Sources Say Dewey toClose Doors May 15 If Not Before,” reports AmLawDaily) is a cogent reminder to rainmakers, bread-and-butter partners, counsel, senior associates, junior associates, clueless associates, summer associates, and staff that no matter how comfortable you might be, the end might be near. It’s tempting to coast a bit when the surroundings are cushy. But in today’s economy, no one can really afford to do that. Keep that resumé polished and those contacts updated. Remember to look over your shoulder, no matter where you are. Don’t let your firm’s faltering financial situation set your career back.

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