The aughts were a WILD time. It wasn’t all boy bands and butterfly clips, no, it was also the largest financial collapse since the Great Depression. Good times!
Sure, everyone’s talking about a recession these days, but it ain’t got nuttin’ on the ’08 era. The housing market collapsed, Lehman Brothers went under, and a 100+-year-old Biglaw firm declared bankruptcy.
For those who worked in Biglaw at the time, of course you know I’m talking about Dewey & LeBoeuf. It started as a mega merger of two venerable law firms and ended with 1,000+ attorneys out of work, bankruptcy court, and criminal charges. Above the Law came of age in that era, breathlessly reporting on all the drama as it happened —- and there was so much to say.
How 8am LawPay Takes The Sting Out Of Legal Billing
Getting paid can be an arduous task. You should make it as easy on yourself and your clients as possible.
Now Bloomberg Law has a new documentary detailing how it all went so wrong.
Watch the trailer below and remember: no matter how absurd Biglaw seems right now, there was a time when it was a whole lot worse.
Why Law Firms Are Moving Beyond The Billable Hour
Explore 5 expert-backed reasons law firms are rethinking the billable hour and how legal billing software is leading the way.
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).