Why Law Firms Implode

from Illinois MCLE Podcast Hosted by TalksOnLaw

Law firm failures do not merely fall off into bankruptcy - they are spectacles of grand implosions. American law firms suffer from unique structural risks that can drive these formidable institutions to not just falter, but to rapidly collapse even when their balance sheets and profitability would suggest more durability in another industry. This phenomenon, far from random, stems from the fragile ownership structure unique to the legal industry. In an interview with Yale Law Professor John Morley, we take a deep dive into the inherent risks and dramatic consequences of law firm failures, and why this topic should command our attention. How to Earn CLE Credit MCLE certificates are eligible only for TalksOnLaw Premium or Podcast members. To earn credit, listen to the full program, note the verification code announced during the recording, then log in to your TalksOnLaw account to record attendance and download your certificate at www.TalksOnLaw.com/podcast. Approved for 0.75 hours of General Illinois MCLE credit at the time of publication. Please visit TalksOnLaw to check whether older courses remain active for MCLE reporting purposes.

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Why Law Firms Implode

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This episode is 59 minutes long.

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This episode was published on June 16, 2023.

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