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.
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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.
Decrypting Crypto, Digital Assets, And Web3
"Decrypting Crypto" is a go-to guide for understanding the technology and tools underlying Web3 and issues raised in the context of specific legal practice areas.
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).