Failures and Flameouts: Why Law Firms Collapse - a podcast by ALM STAFF

The bankruptcy of LeClairRyan in September presents the common tale of a once-thriving law firm that ends up in ruin. A firm that in its heyday had $163 million in gross revenue, LeClairRyan joins the heap of other Big Law failures. To explore the similarities in these insolvencies and how other law firms can avoid making the same fatal moves, Law.com business of law reporter and editor Lizzy McLellan talks with Bill Brandt. Founder of DSI Civic, a financial restructuring firm, Brandt has helped handle workouts, turnarounds and restructurings for 36 law firms, including some of the biggest.

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